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But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born
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Four Types of Mineral Ownership
If you are fortunate enough to have found minerals, oil, or gas on your property, you're in a wonderful position. However, you may have some questions about what you should do next. One of the most common areas of confusion when dealing with mineral rights leasing is mineral ownership. There are actually four different types of mineral ownership, and each means something different to you. We at The Mineral Auction want to ensure that you get everything you are entitled to once you've discovered your mineral well or taken possession of mineral rights, and that you understand every step in the process.
Mineral Ownership
Mineral ownership, or mineral rights, are understood to be the property rights to exploit an area for the minerals, gas, or oil it harbors. The four types of mineral ownership are:
- Mineral Interest – interest generated after the production of oil and gas after the sale of a deed or a lease
- Royalty Interest – occurs when mineral rights are leased. Should the property owner enter into a lease agreement with another party, the owner of the mineral rights retains royalty interest.
- Working Interest – also occurs through leasing and is associated with any and all exploration, drilling, development, and operation of the property.
- Overriding Royalty Interest – differs from the previous types of ownership in that it does not provide ownership of any materials under the ground, but rather ownership of a portion of revenue generated from oil and gas production.
Each of these ownership options offers a certain monetary value and should be considered when you own, lease out, or put your mineral rights up for sale.
Contact a Mineral Auction Representative Today
If you're considering selling your mineral rights, our representatives at The Mineral Auction can get you in touch with a vast network of mineral rights buyers. Contact a member of our team today at (512) 698-2802 if you have any questions about the process.
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service for you
We’re located in Austin, TX, and because we have connections to thousands of oil and gas royalties and mineral rights buyers, we know that we can get you the best deal if you are looking to sell your mineral rights, whether you’re located in Texas or anywhere else in the U.S.
The Mineral Auction provided me with an invaluable exit strategy when selling a mineral interest that one of my clients had. I’d recommend them to anyone who has the need to create some liquidity.
Blake is excellent. We have used him in numerous family issues and find him always direct and very helpful. He is incredibly informed and our go-to guy.
Blake and I have worked on several deals together and they have always gone off without a hitch. Both parties leave the table satisfied. Highly recommended!
Blake hit it out of the park! He did everything he said he would do, and then some. He far exceeded our expectations within a day! If you are concerned about paying commission or being restricted to a broker – don’t be. He will max out the value of your minerals. I tried to negotiate with several buyers on my own and didn’t come within the same universe.
Blake Bergstrom helped my family negotiate the sale of our mineral rights for our small ranch outside of San Antonio. I found Blake to be very knowledgable about whole process and took the time to answer all our questions. We were very satisified with the transaction and have already recommended Blake and The Mineral Auction to some our friends. Thanks again.
I have mineral rights to natural gas and Blake was excellent in his advice regarding my situation. Thanks a lot for your help!
