If you’re thinking, “I want to find the value of my mineral rights in Midland County, Texas,” but are not sure how to get started, you are not alone! The great news is you own mineral rights in a really nice county. For decades, Midland County has been the center of the prolific Permian Basin, and one of its top oil and gas producers. In 2019, oil production topped 3 million barrels per day, and is still well over 2.5 million as we recover from the pandemic. That means almost every inch of the county is producing oil! What does that mean for the value of your mineral rights in Midland County?
With activity picking up, this is a great time to sell mineral rights, because the demand is high. But high demand alone doesn’t guarantee you a good price. Stories abound of owners selling their mineral rights too quickly. Maybe to the first buyer who comes along. Only after it’s too late do they discover someone else got many times that amount for their nearby mineral rights.
The good news is that you CAN get the best price when you sell your oil and gas royalties. Keep reading to find out how.
Reasons To Sell Oil and Gas Royalties
Why does it matter how much you get? Doesn’t any amount put you ahead of where you were?
It depends on why you’re selling oil royalties.
You’re probably reading this because you have a need. Do you have medical expenses? Do you need a down payment on a new home? Are you paying off credit cards?
Whatever your reason, you’ll want the maximum value for your mineral rights, and there’s a great way to find that. Hint: It’s NOT by selling minerals to the first buyer. There are several ways to determine the mineral rights value in Midland County, Texas, and below we’ll break it down into bite-size pieces.
How to Know Your Mineral Rights Value in Midland County, Texas
We’ll start by learning whether your mineral rights are currently producing or not.
If you own mineral rights in Midland County, Texas, that are currently producing, you’re now receiving a royalty check. That makes it much easier to estimate the value of mineral rights. You can base the value on the amount you receive each month. To do that, simply type in the average amount you receive each month into the first box below:
As the calculator shows, you can expect to get anywhere from 4 years to 6 years times the average amount you receive each month.
But there could be even better news for you. Your mineral rights could be worth much more if there are new opportunities to drill on your mineral rights. With oil and gas activity growth in the county, this could be the case for you. You won’t know for sure the fair market value of mineral rights in Midland County, Texas until you decide to sell them and see what buyers are willing to pay.
If you own non-producing mineral rights in Midland County, it means that you are not currently receiving a royalty check. The good news is that, even if your mineral rights are not producing, they could still have some really good value. Your mineral rights could still be worth a significant amount of money even though you are not receiving royalty income. It depends upon a number of factors such as whether your property is leased, the future operator of new wells, where in Midland County they are located and if there is any new activity nearby.
Selling Mineral Rights in Midland County Texas
There’s only one way to know for sure what your mineral rights are worth. That is to sell mineral rights. When you sell them, the market tells you what it’s willing to pay at that time. If you do sell mineral rights you want to be sure you receive the highest possible value!
How do you do that? We recommend you list them through US Mineral Exchange. That’s because listing through US Mineral Exchange will get your property in front of thousands of buyers. You won’t be working with a single buyer who is trying to pay you the least amount, you’ll have access to a nationwide network of buyers looking for properties just like yours. When those buyers compete against each other, it means you get paid the highest possible value for your property!
Remember Your Goals
So, what is your goal in selling mineral rights? Paying some bills? Buying a new home or a vehicle? Retiring? The best way to achieve your goals is by making sure you get the best value when you sell your mineral rights. Consider reaching out to US Mineral Exchange today to maximize the sale of your Midland County Mineral and Royalty Rights!
