So you’ve got to move, it’s a shame. No matter what lies next, it is almost always difficult. Difficult to let go of the land and home in which you have spent so much of your life in. What makes it even tougher, however, is if that land is also earning you a monthly income. […]
A split estate is defined as an “an estate where the property rights to the surface and the underground are split between two parties.” Split estates are unique, as the United States is one of the few countries in which individuals can legally own the property below the surface of the earth. In this article, […]
If you own mineral rights or oil and gas royalties, then you may be lucky enough to have a large income stream each month for the extraction and sale of precious minerals. When it comes time to pay taxes on your earnings, there are a number of deductions designed to help you keep as much […]
What is one of the most commonly asked questions from current and future mineral rights owners? Simply, how much money can I make from an oil well? Of course, there are an enormous amount of variables and individual circumstances, but an oil well on your property (or someone else’s property) can lead to a very […]
What Income Taxes on Oil and Gas Royalties are Paid A wise man once said that there are two absolute certainties in life: death and taxes. Yes, unfortunately, if your mineral rights are earning you a nice oil and gas royalty paycheck every month, those earnings are subject to taxation. In this article, we will […]
If you own a piece of land that an oil and gas company is interested in exploring for valuable minerals, then there are a lot of things to consider before you strike a deal. One of the most common questions of property owners before an oil well drill is this. “How will an oil well […]
So, you’ve decided to sell your mineral rights, great! You are about to enjoy either a huge influx of cash, some long-term royalty payments, or excellent tax benefits in purchasing another asset through a 1031 exchange. You are ready to talk with a mineral rights lawyer ASAP. Ready to sign the papers to hand over […]
Oil was first struck in the United States of America back in 1859 near Titusville, Pennsylvania. It is about 100 miles north of Pittsburgh. What happened over the next one hundred and fifty years? How about the exploration and mining of precious minerals, such as oil and gas? Basically, it has spread all the way […]
The United States is one of the few countries in which the subsurface rights of a property can be bought and sold for the purpose of oil and gas exploration. In this industry, an oil and gas landman is a person who acquires subsurface mineral rights in order to seek, drill, and sell valuable materials […]
Oil and Gas Lease If you own mineral rights and are considering selling them to earn cash or minimize your tax deductions, then there are a lot of things you must consider before striking a deal and physically signing all of the paperwork and documents. We’ve compiled a list of five of the most important […]
