Selling Low Value Mineral Rights

Investing
1

I would have put this in the sales category, but I could not find one:

I’m the executor of an estate with mineral interests in Texas and Oklahoma. The Texas property yields a couple thousand in royalties a year and the Oklahoma property yields only a few dollars. I attempted to get them listed on U.S. Mineral Exchange and they told me the mineral rights were not valuable enough for listing. I don’t blame them, since it would require their effort and they only get a percentage of the proceeds. So, is there a market place for lower value mineral rights? Or are people with low value properties forced to hold or donate to charity?

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2

can you tell me more about your mineral rights

3

there’s not gonna be a marketplace, but there’s a market. i would direct you to a small independent firm that does this kind of thing all the time, but I think it’s against the rules on here.

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5

Where are the Texas mineral interests?

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6

One of the problems you have is that if the ownership hasn’t been probated since a couple of generations ago, buyers are going to be reluctant. You could donate the minerals to a charity or university.

7

Where are the minerals located?

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8

I would be glad to give you a few hours research time towards this. :slight_smile:

9

Thank you. I have identified a few and send them some information. I appreciate you!

10

I probated the properties in TX and OK just a few months ago. they are now in a Trust to be sold.

Chuck

11

Ector County.

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Ector County, TX and Oklahoma County, OK.

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Block 42 Township 2S Section 8 (669.3 Acres)

15

What is the best way to get you the information?

16

Looks like a lot of shallow Aghorn wells. What is your decimal interest? And does your interest include all depths?

17

Looks like 21/5120 on the deed. I have no idea what wells are covered. This property was passed down the family since the 1930/40s and we have zero information on the lease, wells, etc.

19

There are other auction sites that will list smaller interests. Midcontinent, EnergyNet, EnergyDomain, etc. Also, there are companies that will buy smaller interests but you may have to reach out to them directly because usually they don’t offer sending offer letters to smaller owners.

20

There are always buyers. Ector county will get some interest if you are patient. If you are only talking about Ector and Oklahoma county, then those are easy to research online for title purposes. If you have the luxury of time, be patient and fully test the market. Good luck.

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21

Never sell was my Daddy’s mantra. Our inherited mineral interests span 20+ Texas counties. A goodly amount are old producers but they provide income to us all, but many are non producing - until they do !!! From the 1930s mostly in the Permian Basin, we have gotten leases for the first time in decades. Hang tight. What’s the rush?