Sell Mineral Rights In Reeves County Texas

Reeves County, Texas is in an oil and gas producing region called the Delaware basin, which is the western portion of the Permian basin. It's capital city is Pecos. Oil and gas wells have been drilled there for several decades. Some people who own mineral rights in Reeves County have earned nice royalties from time to time. And selling mineral rights rather than holding on is an option. Each mineral owner's needs are different.

Recently, Apache Corporation drilled several wells in Reeves County and has established production of both oil and gas. So, what is the best position for a mineral owner? Should you elect to sell mineral rights you own or hold on for a payday? There is no simple answer. Mineral rights include the rights to oil and gas royalties. Which may or may not occur on your tract. For more on selling royalty rights (sell royalties -- the right to enjoy income from oil and gas production), here is more info.

The oilfield is fraught with risk and field development can take decades. As drilling progresses, production history might not be as rosy as first thought. Or, the price of oil or gas could crash, making rapid development cease. Politics can hamper development. Even competing energy sources, such as solar and wind, are gaining, and fast. Many risks are part of the picture. So, whether selling mineral rights or not is the right decision is a tough call. But the time required to earn significant money can make it an easy decision if one needs cash today. By holding out, there is no way to know if and when your tract will get drilled. It could easily be 20 years or even longer. And if nearby drilling produces poor results, it could condemn your acreage of virtually or even totally worthless. Risks in Reeves County are every real, and include more geological risk than in other areas due to a more complex local geology.

For mineral owners who want or need some extra cash for this or that, selling mineral rights in Reeves County, Texas can offer a solution. One can even sell a small portion of what is owned and keep the rest as a gamble that it will some day pay off even bigger. But, it can be a painless solution to raise cash money and it can be done pretty quickly.

Selling royalty rights for cash money is also available to those who own what is called a non-producing royalty interest (NPRI). The existence of NPRI rights is not than uncommon in Texas, including Reeves County.

By the way, we can also help you with selling mineral rights in counties surrounding Reeves County, Texas -- Culberson County, Jeff Davis County, Pecos County, Ward County, Winkler County and Loving County. Also, Lea County and Eddy County in New Mexico.

For those wanting some extra cash from a lump sum cash settlement, contact us if you are interested in discussing selling mineral rights in Reeves County Texas!

Oil & Gas Royalty Rights (Royalties)

In the United States and in some parts of Canada, those who own mineral rights usually own the royalty rights to their proportionate share to the oil and gas production revenue from oil and gas wells. The owner of the executive right is the one who has the right to explore for oil and gas on the property or lease it to an oil company. In return, he will enjoy a royalty, a share of the production. The royalties are usually a minimum of one-eighth (1/8th) of the well's production, multiplied by his share of acreage within the production unit.

For as long as there has been oil and gas production in the USA and Canada, royalties have been bought and sold. One can readily sell royalties in any oil and gas producing region, it's just a matter of finding a willing and reputable buyer. The oil rights or gas rights value varies widely. If you wish to sell oil rights or sell gas rights, bear in mind that if the royalties are paying from a well that is a good producer, obviously, the royalties will be worth more than those from a poor producer. The value is calculated from the projected income stream from future production. The value is also dependent on whether or not the income is declining.

There are many reasons why owners choose to sell oil or gas royalties. Perhaps they wish to buy something or provide for children's education. Maybe the owner just wishes to enjoy life more or to enjoy retirement more with sure-thing cash settlement. If one keeps the royalties, it may take many years to achieve the same amount of cash income that a sale of royalties will produce. And, some owners sell because the royalty interest is small and the paperwork is burdensome. It just might not be worth the hassle of keeping it. A lot of owners find it complicated and just wish to simplify their life and leave it up to a buyer to monitor the production and revenue. Increasingly, older generations who own royalty rights are dying off and children and grandchildren inherit the royalties; the royalty interests are diluted by the number of heirs and many would just rather sell something they know nothing about.

The oil and gas business is daunting, complicated to the royalty owner, but selling royalty rights is not difficult with an experienced royalty buyer. A sale of royalty rights can be accomplished fairly quickly but it can't happen in a day or two. It does take a little bit of time but a good royalty buyer makes the process easy, as he will do most all of the work, making sure that the royalty interest is transferred properly with the county and also the oil and gas company which operates the oil or gas well. Whether you wish to sell oil rights or sell gas rights, you can enjoy a lump sum settlement payment for your royalties.

For more information about selling oil and gas rights, read this site about selling royalties or contact this blogger.