Any idea where I can apply for a loan against my mineral rights.? They are not producing as of yet that I know of but I’m in a prime area in weld co.
Mellissa,
Non-producing mineral rights have no collateral value to banks. Banks may loan out well completion costs to established operators but only in certain instances when risk of recovery is very low.
Assuming you are leased to a major player with lots of expiration time, you may want to consider selling a leasehold interest to someone that knows the business with an option to purchase. If you are not leased, there are buyers out there that know the area and want to expand their position through leasing or purchase. If you own the surface too, there are more options.
Thank You Gary, you’ve been very helpful.