www.royaltypurchaser.com specializes in purchasing of Texas mineral rights, oil lease royalties and gas and oil royalties from estates and individuals. Also, buys mineral rights royalties in return of cash from parties in Texas, Oklahoma, Mineral rights New York, Louisiana, West Virginia, New Mexico, California, Illinois, Montana, Canada and many other North American locations.
Given the sky rocketing prices of crude oil and natural gas, it is natural that people involved in the business of buying and selling of natural oil are looking for newer crude oil and natural gas deposits at places they would have never thought of looking a couple of years ago. Texas has about 5 billion barrels of crude oil deposits. Right now, Texas mineral rights are causing many crude oil buyers to pay huge sum of money.
At this juncture, it is very important that you know who owns your property above as well as below the surface of land legally. And what if you come to know that the land below your feet is worth millions of dollars? It is quiet likely that the new exploration technology will be soon uncovering minerals and gas deposits below your feet too. So, it is very important you know who owns those Texas mineral rights before you go and make a deal. It is also likely you already own those mineral rights.
The only sure way to the value and amount of crude oil deposit to retain a land man and an oil and gas attorney who would research on your property and let you know more about the Texas mineral right laws so that you can negotiate with the crude oil buyers. Most crude oil buyers in Texas have been paying anywhere from $12,000 per acre to $25,000 per acre. Most involve modest royal payments as well.
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One can even take the help of few local committees who can help you to obtain the Texas minerals rights negotiation and get a right deal for your property.
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Make sure you know the value of mineral deposits in the market before making a deal and contact the previous owner to clarify about the status of mineral rights on your property. Customary royalty percentage is 12.5% of the total value of the oil at the wellhead, however this percentage can greatly exceed depending on the property.
Until you get the right deal for your mineral treasure, don’t sell your mineral rights And all the best for your crude oil business in Texas!
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