Sell Your Oil and Gas Mineral Rights
We buy oil and gas royalties and mineral rights throughout the United States.
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Our Process is Quick and Easy
We buy oil and gas royalties and mineral rights in Texas, Kansas, Oklahoma, New Mexico and throughout the United States. If you have a clean title and relevant documents (royalty statements, division orders, lease, title documents), we can move this process along quickly. We can usually give you an offer in 48 hours. Unlike a lot of companies, we don’t flip minerals. We pay cash, and we keep what we buy, which allows us to offer a fair market price and close quickly.
Our 4-Step Process
We won’t pressure you to sell your mineral rights. We are here to give you information so you can make an informed decision.
1. Request an Offer
Request an offer. We we’ll be happy to evaluate your mineral rights and present you with an offer.
2. Submit Supporting Documents
Send us the last few months of royalty statements and any supporting documents (leases, deeds, division orders etc.).
3. Review and Accept Offer
We will review and appraise your mineral rights and provide you with a competitive offer.
4. Sign Deed and Receive Payment
Once we agree on a price, a closing date will be scheduled. You will sign and notarize the document. When we receive the paperwork, we will immediately wire the funds.
What We Buy
Blue Mesa Minerals buys mineral interest (MI), royalty interest (RI), non-participating royalty interest (NPRI), or overriding royalty interest (ORRI). The only type of mineral rights that we don’t buy is working interest (WI). We acquire mineral rights from individuals, family trusts, and non-profit organizations that would rather focus on their core mission rather than mineral management. We also accept donations.
Mineral Interest (MI)
Mineral Interest owners have the right to explore, develop, and produce the minerals below the surface of a tract of land, including the right to enter into a lease.
Royalty Interest (RI)
Royalty Interest includes the right to receive revenue from well production, without the obligation to pay for drilling, operating, or plugging expenses.
Non-Participating Royalty Interest (NPRI)
Non-Participating Royalty Interest (NPRI) includes rights to oil and gas production revenue but no rights to enter into a lease.
Overriding Royalty Interest (ORRI)
Overriding Royalty Interest is an interest in the proceeds from the sale of minerals rather than an interest in the actual minerals. ORRIs are also called overrides.
Where We Buy Mineral Rights
We buy both producing and non-producing minerals in all oil and gas states. However, we are especially interested in Texas and Kansas mineral rights.
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We even buy minerals in more obscure states, such as Michigan and Illinois, which produce a very little oil and gas compared to other states.
How We Value Mineral Rights
There are many factors that play into the value of mineral rights. These include location, producing vs. non-producing properties, current oil and gas prices, well production figures, lease terms, and even the operator of the well or wells. We also look at the risks of buying and owning minerals that you are interested in selling.
Location
Minerals in the hottest shale plays are more valuable than those in older fields with conventional wells.
Producing vs. Non-Producing
Producing minerals are often worth more than non-producing minerals because they are generating revenue.
Oil & Gas Prices
When oil and gas prices drop, revenue drops, and sometimes operators are unable to continue operating the well.
Production
Highly productive wells (and off-set wells) can increase the value of your minerals.
Lease Terms
Favorable lease terms (such as a 25% royalty reservation) positively impact the value of the leased minerals.
Operator
A small number of operators are unethical, and their reputation automatically devalues your minerals.
Why Sell?
Why People Sell Their Mineral Rights
I am putting my affairs in order. I don’t want to burden my kids with the hassle of transferring ownership and managing small mineral rights. When my sister passed away, my niece and nephew had to hire an attorney to help them with the minerals. I don’t want my kids to go through that.
I inherited my mineral rights so they were sentimental, but I don’t really want to bother with managing them and filing extra tax returns. I decided to sell and use the money as a down payment on my house.
I had no idea how fast the oil production would decline. My checks are only 20% of what they were a few years ago. I should have sold my mineral rights when the wells were brand new and still generating huge royalties.
My oil wells have been producing for decades and the reserves are almost depleted. Once the wells are plugged, the value will be significantly lower. I’d rather cash out now.
I inherited mineral rights, but don’t want to be involved with fracking and fossil fuels. I would prefer to support renewable energy and do my part to reverse climate change.
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Frequently Asked Questions (FAQ)
How Long does it take to sell my mineral rights?
It depends. We can often provide an offer within a few days and close in a week, but that depends where the minerals are located and how easy it is to verify a clean title. In some areas, records are online and we can move quickly. Other areas require that title records be sent via mail. In some cases there is a title defect that must be corrected before we can close.
The bottom line is that we try our best to close within a week or two. It rarely takes longer and sometimes, we can close in a matter of days – especaially in cases where the mineral owner is near death and the family needs to get the minerals out of their estate to avoide costly probate proceedings.
I'm not sure I want to sell everything. Can I sell part of my mineral rights?
Absolutely. You can sell any percentage of your mineral rights (it is common to sell 50%). You can even sell the royalty interest and keep your mineral interest. Selling only the royalty interest is a way to get a lump sum of money now and still keep the mineral interest in your family.
What raises the value of my mineral rights?
The following factors will increase the value of your mineral rights:
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- Clear title
- Permitted wells onsite
- Newer wells (but not too new)
- Flatter decline curve
- Favorable lease terms
- High oil and gas prices
- Operator with a good reputation
- Potential for additional wells
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What lowers the value of my mineral rights?
Here are some of the following factors that can decrease the value of your mineral rights:
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- Title Problems
- Non-producing minerals
- Property that is held by production (HBP) by low-producing wells
- Leases that hold excessive non-producing acreage
- Steep decline curves
- Poor offset production (for non-producing properties)
- Low oil and gas prices
Operator with a bad reputation - Leases that allow operators to have free use of oil and gas
- Poor economy or recession
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Do all mineral rights lose value over time?
Yes. Oil and gas are finite resources, and all petroleum reservoirs will eventually be depleted, some faster than others. Additional wells can temporarily increase royalty income. However, as technology advances and operators pull oil and gas from the ground faster, decline curves accelerate, shortening the productive life of a well.
Many mineral owners choose to sell their minerals while the value is still high. That money can be invested in other ways, used to improve your lifestyle (new car, new house, remodel, vacation, wedding, solar panels, or any number of other options).