We conduct an in depth search of the area on a section by section basis. We take into account a number of factors including production, activity, geology and the future prospects. This helps us to come up with an accurate assessment of the value of your minerals.
You can sell in both of these situations. If they are under lease, then we would assume the terms of that lease. If they are producing we can look at your last production statements so that we can fine tune our offer for you.
After we come to terms on the transaction, we send out the needed documentation. Once we receive the documentation, we are then able to start the title process. After everything is confirmed in the courthouse, a check is simply sent in the mail. It is quick and simple. Plus we cover the title expenses, paperwork and filing fees.
Just give us a call. We can go through multiple methods to try and determine this. Should the information provided not suffice, courthouse expenses could occur in this process, but don't worry. At Titanium, we will inform you along the way. A commitment could be requested and we would endure the expenses.
We frequently purchase partial tracts. We can accommodate this in most instances.
One advantage of selling the mineral rights is that the income is considered Capital Gains. If they are producing or you lease the rights, that is considered regular income and typically a higher tax rate. Please discuss with you accountant for more details.