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Mineral Rights Information Resource Guide
At The Mineral Auction we strive to provide mineral owners with the information and resources to make information decisions about what to do with their royalty interest, mineral rights, and other issues relevant to a property owner.
Understanding mineral rights can be confusing as ownership is vastly different compared to being a surface owner. The following guide is designed to help you gain a basic understanding of what options are available to you as an owner.
Guide Content’s
Parsley Energy announces mineral rights acquisition
On May 23,2016, Parsley Energy, an independent oil and natural gas company based in Austin, Texas entered into an agreement to acquire approximately 30,000 acres of mineral rights in Pecos and Reeves Counties for $280.5 million. The Southern Delaware Basin deal will cost the company $280.5 million in cash and is expected to close by July 14, 2016.The company intends to finance the acquisition by debt and equity issuance. "Increasing netbacks per barrel of oil equivalent with no incremental capital expenditures or operating expenses elevates the return profile on the associated acreage, making it among the most compelling in our corporate portfolio,” stated Bryan Sheffield, CEO of Parsley Energy. The company has filed a registration statement (including a prospectus) with the SEC for the equity offering.If you are looking to sell your mineral rights, the team at [firm-name] can help you work with some of the best and most reputable people in the business. Call today at [phone-number] and you can rest assured knowing that your finances and assets are in great hands.
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