Donate Your Mineral Rights
We acquire oil and gas mineral rights through out the United States.
Donate Your Mineral Rights
Two Reason Mineral Rights are Donated
Mineral rights are donated for two main reasons – to leave a legacy or get rid of a burden. Everyone wants valuable minerals, making them easy to pass to your heirs, sell, or donate. Smaller mineral rights can be a burden to manage. They can also negatively impact your long-term care plans and burden your heirs. Working Interest (WI) can be especially difficult to sell or donate – especially if the expenses are more than the income!
Leave a Legacy
Donating your mineral rights to charity can be a beautiful legacy and is one way to make a lasting impact on a cause close to your heart. When you donate producing minerals (those with an active oil or gas well), the organization will benefit for years (or decades). Many of the larger charities and even some universities have teams of mineral managers whose sole job is to accept donations and manage the mineral rights. However, organizations may have specific requirements regarding the value, status of the minerals, type of mineral right, and clarity of the title. You can also donate to Blue Mesa Minerals. We accept small donations and will even plant a tree in your honor (or in the honor of someone else).
Get Rid of a Burden
Royalty Interest Those who have large mineral rights find it difficult to imagine minerals being a burden, but smaller mineral owners have a very different experience. Small mineral rights can be more of a management and tax headache than they are worth. They can also interfere with long-term care and estate planning. What a lot of people don’t realize is that if you die in a state other than where the minerals are located, your heirs may have to file ancillary probate in every state and county where you own mineral rights – often at a greater expense than the value of the minerals.
How to Donate to Blue Mesa Minerals
A lot of mineral buyers will not purchase smaller mineral rights. It can take more time and effort to acquire the minerals than they are worth. In fact, it might even cost more to record the new deed than there is value in the minerals! Blue Mesa Minerals accepts donations of mineral rights (with a few expectations), and we don’t mind acquiring your very small minerals – even if they cost more to record than they are worth. We don’t do it all that often, but we are happy to relieve you of your burden if you just want to get rid of your mineral rights. In will even plant a tree in honor of you (or someone else).
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. Inquire About Donating
Contact us and we will be happy to evaluate and acquire your mineral rights.
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
We accept donations of mineral interest (MI), royalty interest (RI), non-participating royalty interest (NPRI), or overriding royalty interest (ORRI).
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 Acquire Mineral Rights
The amount of time it takes to donate mineral rights depends on who you donate them to. Larger organizations have a long process, and it can take months to donate your mineral rights (especially if there are title issues that must be resolved first).
Blue Mesa Minerals can usually close on donated minerals in about a week.
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When to Donate Mineral Rights
Should I donate my mineral rights before or after I pass away?
Mineral rights can be donated before or after your pass away. While many mineral owners like the idea of passing their mineral rights to the next generation, the cost of transferring the ownership can be more than the minerals are worth.
If you own small mineral rights (earning less than $3,000 in royalty revenue per year), it is best to donate, sell, or pass your minerals while there is still value. Smaller mineral rights are difficult to sell and can complicate your estate and future assisted living plans.
In many cases, “real property” can only be transferred by deed from a living person, or court order (such as probate).
Ancillary Probate Info
If the mineral owner dies in a state other than where the minerals are located, the heirs may have to open probate where they died and file ancillary probate in each state and county where the mineral rights are located. This can be an expensive and time-consuming process.
In many cases, it may be better to sell or donate your mineral rights before you pass away.
What Documentation is Needed?
In order to donate your mineral rights, you need documentation about the minerals. Most organizations that accept donations of mineral rights have a special land management team that knows how to figure out what you own and can prepare the deed. The most helpful documentation includes royalty statements, property deeds, probate documents, oil and gas leases, and tax bills.
Any of the following documents can help us figure out what you own and how to properly draft the deed:
- Royalty Statement
- Mineral Deeds
- Oil & Gas Leases
- Probate Documents
- Ad Valorem Tax Bills
Don’t have documentation? Don’t worry – we can help you get the necessary documents (or we can work around it).