Listing Mineral Rights for Sale

When we list mineral rights for sale at Texas Royalty Brokers, we aim to attract as much attention as possible from mineral buyers.  The more attention your listing gets, the higher the bids will be.  Getting competitive bids for your mineral rights is the key to securing the best price.

Gathering the required documentation is the most important step to ensure you sell for the best price.

Gathering documentation is the most important step when selling oil and gas royalties.

Without documentation, there is no way to evaluate what you own and provide guidance.  In addition, buyers need documentation to determine what price they are willing to pay.

Imagine you were selling a home.  If you listed your property on Zillow without photos or square footage, would you expect to attract a lot of buyers?  No way!

Imagine you were selling a car.  If you listed your car on Autotrader but included no photos and no mileage, would you expect to attract buyers?  No chance!

We see mineral owners make the same mistake over and over again.

They want to sell mineral rights without providing any information about what they actually own.  Taking just a few minutes to pull your documents together can mean substantially more money.

Required Documents to list:

• Check Stubs: The bare minimum documentation that we require to list mineral rights for sale is your last 3 months of check stub detail.  If you get direct deposit and do not receive the check stub detail, you can view this detail online.  For most operators, you can sign up for Energylink to view check stubs.  Below are example check stubs you can download.

Note:  Operator summaries, 1099’s, check amounts with no detail, or other documents are not acceptable substitutes

• Offers:  If you have an existing offer to sell mineral rights in writing, please provide us with the offer.  This offer will be confidential and never shared with mineral buyers.  Providing us with your written offer is for your benefit.  It does two things:
  • 1.  It allows us to set a more accurate starting bid price based on current market offers.
  • 2.  We do not get paid unless we help you secure a better price!  By providing us with your written offer, you set the floor.  We have to perform and provide you with a better offer.

Helpful documentation (Optional):

• Lease Agreement: The lease agreement is extremely helpful for mineral buyers.  The lease agreement is typically 2 to 4 pages long and will specify the lease royalty rate.  In Texas, this could be anything from 12.5% to 25%.  The lease agreement will tell mineral buyers a lot of important information.
• 1099:  If you have the previous year’s 1099 that shows your total royalty income from the previous year, please provide it.

Gathering documentation is a pain!  We get it!

If you already have an offer in hand, it may be tempting to just take the offer to sell mineral rights.   Don’t do it!  You will be selling below market value.

By taking just a few minutes of your time to gather the required documents to list, you put yourself in a much better position.  Our team will analyze your ownership and provide you with detailed information about what you own.

Even if you don’t list, providing us with the documentation so we can run the analysis will help you make a more informed decision.

Once you have gathered your check stub detail, fill out the free consultation form.  Include as much information as you can and upload documentation if possible.  This will allow us to research your mineral rights before we discuss with you.

Note:  It is not required to provide your check stubs or offers for a free consultation, but it is very helpful.

Once you fill out the free consultation form, one of our team members will quickly be in touch.

During the call we’ll discuss a few items with you so that we can accurately market your mineral rights and ensure maximum value.

Each call depends on the client and their mineral rights, but in general we discuss the following topics with you:

• Location Expectations:  We’ll discuss the specific county where your mineral rights are located.  If you have provided your check stubs up front, we’ll tell you what’s going on with your specific acreage and what’s happening in the surrounding area.
• Offers: We’ll discuss any existing offers you have on the table.  We’ll review these offers for you and point out any red flags or areas of concern.
• Pricing:  Based on the area, your royalty income, and the potential upside, we’ll discuss pricing the mineral rights.  Pricing will depend on many factors such as how quickly you need to sell, what offers you have on the table, etc..  Note that when we list mineral rights, the listing price is a starting bid.  You do not agree to sell at this price.  This is simply a starting point for negotiations!
• Exclusivity:  We require exclusivity for all of our listings.  Exclusivity is what allows us to maximize value for clients.   Our mineral buyers know that they won’t see this deal anywhere else.  By consistently listing high quality deals, it attracts the best buyers who pay the best prices.

Please keep in mind that each consultation is free and there is no obligation and no pressure to move forward.  A consultation is simply a discussion about your mineral rights.

It’s important to explore your options when selling mineral rights and that is what this call is for.  We’ll help you understand our company, our process, and our focus on helping you maximize value when selling mineral rights.

Once the consultation is complete, we’ll communicate the next steps if you want to move forward.  We’ll provide you with a copy of our listing agreement, let you know what documentation we still need, and ensure that the starting bid price is confirmed.

If you decide you want to move forward, our team will ensure we have everything we need.  This includes:

• Documentation
• Signed Listing Agreement
• Starting Bid Price

Once we have these items, our team will prepare your listing for activation.  This includes putting together maps of the acreage, cleaning and preparing your documentation, and setting up the listing in our system.

Once the listing is set up, our team will activate it and immediately begin marketing your mineral rights for sale.

To learn more about what happens after your listing is activated, please check out the what to expect article.

Whether you want to get starting listing mineral rights at Texas Royalty Brokers or if you simply have questions, please fill out the free consultation form below.  Our team will quickly be in touch to assist you.