Gas Royalty Buyers – Their Importance in Your Life We all might have heard the term “royalty” at more occasions than imagined, but have we given any serious consideration to the topic.
Do you remember? In 2006, the Beatles, a very popular American band, sued two record companies of the United States for a heavy amount of 25 million dollars in royalty claims. Earlier, Universal Records won a case against the widely popular rapper, Eminem who filed the case for half of the royalties to his songs that were downloaded online.
What is royalty? In its simplest form, a royalty is a sum of money that is negotiable, constitutes your share in percentage and gives the gas royalty buyer, the authority to market the commodity or product. In gas and oil ventures, for example, the landowner allows the machinist to drill the site for gas and oil. In addition, whatever extracted is to be shared by the parties involved at a predetermined rate. In other case, if the owner of the land in question is the government, then the terms are changed a bit. The state has the option to reserve its share until the operator / driller can yield returns on his investments. The gas and oil industry is considered capital-intensive and trading oil and gas royalties is the next big thing if you are short on cash. Just try serving a notice and you will definitely be surprised by how many gas and oil management firms will contact you throughout the day to bid. If you were really into it, then you certainly would not mind doing a little legwork. It will not be that difficult either because the strong competition will force the gas and oil firms to offer bonuses and incentives just so you will lease or sell them the royalty interests. If you are completely blank on what to do next then how about free-of-cost management advise? If you are curious about your property’s value, then do consider free assessments from a pack of experts and engineers. How would it feel like if you had the opportunity to earn big payoffs on your non-producing minerals and how about a formal acceptance bonus as well? Gas royalty buyers generally shoulder any processing fees and property taxes there are concerning the lease or sale of your mineral royalties. If there is an ideal time that you could
rekindle with your lawyers then this is it. Even if the company that is dealing with you is trustworthy and you would even gamble your property, it is still advised to consult with your own legal counsel. It is just to have a clear perspective on the contract and whether it will be of any benefit to you.
To be on the safe side, it is a good idea to collect and preserve the information about your property like documental proof for the ownership of land, proof of no litigation cases in any of the courts as well as any previous lease agreements. Once you are all prepared and ready, you can start the negotiations for your mineral royalties with a gas royalty buyer or an oil royalty buyer.
Uni Royalties Ltd. is a petroleum management firm that has a wealth of experience in the oil and gas industry. We are oil and gas royalty buyer that carry out free assessments for your land and help in maximizing the returns on your mineral royalties. If you have any questions, please do not hesitate to call us on our toll free number (1 888 916 0220). Alternatively, you can also visit our website, www.uniroyalties.com for more information.