Are you trying to determine your mineral rights value in Reeves County, Texas? Odds are you are interested because you have received recent offers for your mineral and royalty rights? Maybe you’d now like to sell yours, but you’re worried that you don’t actually know any companies that buy mineral rights. Maybe you’re concerned that, without some trustworthy help, you might get much less than your minerals are worth.
Your concerns are well founded, but there is good news: we’re here to help! We’ll help you avoid pitfalls that could cost you thousands of dollars. We’ll show you how to determine mineral rights values in Reeves County, TX and how to sell these mineral rights for their true market value.
The First Mistake in Selling Oil Royalties
One reason sites like eBay do well for selling a variety of items is that they put them in front of lots of buyers. By not limiting themselves to one or two buyers, sellers can see what the real market value is for their items.
It’s the same with your minerals. If you only offer them to a single buyer you found online, or one that sent you a post card, you will not know what you really have. You could be shocked later to learn that you’ve missed out on thousands of dollars.
Instead, it’s important to find a company that will present your minerals to a wide collection of buyers. That way those buyers will be motivated to offer you the best price. They’ll have to outbid others who also want to buy your oil and gas minerals.
The Second Mistake in Selling Oil and Gas Royalties
Maybe you’ve found a company online that says they offer your minerals on the open market. But wait—do they really?
You’ve probably clicked on a headline promising one thing but actually leading to something you couldn’t care less about. It was only to get you to look at ads.
Similarly, some mineral buyer websites claim one thing but actually only represent themselves or a few closely-held clients. Whose interests do you think they’ll care about when they talk to you? Yours? Their clients? Their own? You can probably guess.
Finding the Right Broker and the Right Value
So how can you determine the right mineral rights broker? The one you can trust to have your interests at heart? Here’s an easy test.
Take a quick look at their website. Do they have mineral rights or auctions listed in plain sight? If you can’t find it quickly, don’t worry about digging. If you can’t find it, neither can a legitimate buyer. If none are listed, this buyer is probably doing as stated above: representing themselves or a handful of clients. You are very unlikely to get the best value for your Reeves County minerals this way!
What You Should Do
In order to get the best offers from mineral rights buyers, we recommend US Mineral Exchange. They will quickly get your minerals in front of thousands of buyers. With this many options, those buyers know they must offer you fair market value. If they don’t someone else will, and you’ll have the best value in hand.
If you have mineral rights in Reeves County, you’re very fortunate. Reeves County has been in the top five producing counties in the entire United States. The Permian as a whole is a popular area for leasing. Reeves County is among the most desired areas to drill and produce even in the Permian.
You truly don’t want to try to sell minerals on your own there—not when you could receive so much more through a company that offers them to thousands of buyers!
Ready to reach learn more? Great! But there’s more!
The Transaction
Even if you were to get a seemingly great price from a single buyer, will they help you through the buying process?
That process involves legal documents (have you ever tried to understand legal-ese?). Do you know how to understand terms of closing, adjustments, carve-outs, ORRI or net royalty per acre?
Just being offered a good price on minerals is meaningless if it’s lost in the fine print. How would you like to sign all the paperwork thinking you had a good deal—only to get a check for thousands less, with no explanation? Having someone on your side, who understands these terms, could save you thousands of dollars.
Learn More
Are you ready for peace of mind in selling your minerals? Are you ready for some help in understanding the process? Answer a few simple questions about your mineral situation below to get started.
