How to make profit by selling oil and gas royalties
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Are you considering selling mineral rights? If yes then you should be considering number of things before doing so. If you are selling a mineral such as coal then you can avail unique deals and you would be paid a lump sum before any work even starts on the land. You should not always expect to receive a royalty off your land if it’s not explicitly mentioned in your agreement. This is why it is recommended that you hire a reliable lawyer. A lawyer can be of great assistance when looking over the paper work. He can also secure the extra payouts you expect to receive.
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The before mentioned process may seem the easier one, however selling mineral rights without breaking them may leave you open to losses. It is recommended that you hire a geologist who would inspect your land and explore the minerals underneath Most of the minerals except coal are sold off on a hold deal. This means that the buyer of oil and gas royalties would have a certain time before harvesting the minerals in the ground. There are companies in the market that exclusively act as the middleman. These companies buy leaseholds from the landowners and sell oil and gas royalties to other companies or individuals. Whenever you sell oil and gas royalties to a company in a leasehold scenario, you should expect a smaller payment upfront but once the production on the land starts your mineral royalty will start to pay out.
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Make sure that you draft your leasehold deal correctly. You would be able to earn a large lump sum of money with the help of it if the well or seam below your land is producing high quantities of oil or gas. This is why a good lawyer is recommended. He will protect both the parties especially if the other party is going to pay you a mineral royalty.
One thing you should remember is that the royalties that you are being paid on production can also be sold off later. Consider it as selling a stake of the mines production value. This will make you understand why people would be keener to buy royalties from already established mineral wells and mines. Visit selloilandgasroyalties.yolasite.com www.uniroyalties.com