Sell Your Illinois Mineral Rights
We buy oil and gas royalties and mineral rights in Illinois and throughout the United States.
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Where We Buy
Mineral Rights in Illinois
We buy both producing and non-producing mineral rights in Illinois and other oil and gas-producing states. Illinois isn’t known for its oil and gas production. However, the southeastern part of the state has been producing oil since 1905! There is also a tiny bit of gas produced in the west part of the state.
We buy mineral rights in the following Illinois Counties:
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Source: Illinois Oil & Gas Resources Map courtesy of Illinois State Geological Survey
Locate Your Illinois Mineral Rights
Using Illinois State Geological Survey’s Interactive Map
Although Illinois is not known for its hydrocarbon production, there are oil fields in the southeast part of the state and a tiny bit of gas in the west part of the state. The Illinois State Geological Survey provides an interactive map of current and past oil and gas wells and their corresponding data.
Mineral owners can use their legal descriptions (found on deeds and oil and gas leases) to look up their Illinois mineral rights and learn about the oil and gas wells in which they own an interest.
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.
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.
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.