Mineral rights are an extremely valuable asset to own in the United States. Whether your mineral rights are currently producing oil and gas royalties or they have the potential to become a highly profitable extraction site, it is often difficult to make a decision as to should you sell your mineral rights or not. In […]
Mineral rights are the subsurface property rights that entitle a person or group of people to explore, extract and produce oil, minerals, and gases from a piece of land. If you live in the United States, you may own a fee simple estate, which means you own both the surface and mineral rights of your […]
An oil, gas, or mineral lease is a legally binding agreement between the mineral rights owner and the company bringing the oil, gas, or mineral reserves to the market. Agreements between landowners and oil companies date back to before 1900, though the process is still generally the same. Knowing the details of an oil and […]
Selling mineral rights or royalties is a great way to cash in on an extremely valuable asset. Whenever you choose to sell your mineral interests, however, the huge influx of cash is subject to a hefty capital gains tax. In order to maximize your earnings, read this “1031 exchange tax for dummies” guide and you […]
Understanding mineral rights is easy. Understanding the taxes associated with mineral rights is a bit more complicated. The short answer is Yes. If you own producing mineral rights, then you must pay property taxes on them. This is because, like surface rights, owning mineral rights means that you own real property, even if it is […]
The state of Texas is home to the largest number of mineral rights owners in the United States. With such a huge mass of land, mineral rights in Texas can be worth from as little as $50 per acre to upwards of $5,000 per acre. Obviously, the amount of minerals on the earth is going […]
OPEC and its Russia-led non-OPEC allies could push Brent Crude prices back to $60 a barrel. This is according to Lukoil. Last week, OPEC’s leader Saudi Arabia was said to be asking members of the OPEC+ group. The request is to consider an additional collective cut of 1 million bpd. The Organization of the Petroleum […]
Fee simple ownership is most commonly referenced today when purchasing new real estate. Fee simple is a legal term and is the most common and absolute type of property ownership in the United States. If you are buying land or looking to sell, lease, or purchase mineral rights, understanding fee simple ownership is crucial. What […]
If you are purchasing mineral rights or an oil and gas lease, one of the first things to know is whether or not the mineral rights you are purchasing are currently producing or non-producing. In this article, we will both define and help you understand the value and differences between producing and non-producing mineral rights. […]
If you are looking into buying or selling oil and gas royalties, it is very important to know the difference between surface rights vs. mineral rights. Land in the United States is very unique, as the US and Canada are the only countries in the world in which the government does not automatically own the […]
