sellers

Buyers

New Listing Notifications

To receive notifications regarding new listings that are activated on our website, please enter your email address below.


 

Client Reviews

Reagan, TX

Rated 5 out of 5
May 11, 2023

Eric and his company did a fantastic job throughout my entire selling process. They are very knowledgeable, gracious, and efficient. Eric personally went above and beyond in communication to me and my family and I would recommend him and his company to anyone. I’m incredibly satisfied.

Sean G.

Dimmit, TX

Rated 5 out of 5
May 10, 2023

Worth every penny! I can’t say enough about what a pleasant experience this was, thanks to Eric Winegar. Being completely unfamiliar with how to go about selling our family’s mineral interests, I had no idea where to begin. Then I received a brochure in the mail from Texas Royalty Brokers. It answered many of my questions (as well as some I didn’t know I should have), so I checked out their website. I found a wealth of information there as well, so I filled out their online inquiry form. I quickly heard from Eric, provided a few royalty check stubs, and from there he literally took care of everything else.

Eric explained every step of the process along the way and answered all my rookie questions with the utmost professionalism. His experience and expertise in this industry is invaluable and I could not have imagined an easier process.

Lisa S.

Panola, TX

Rated 5 out of 5
May 4, 2023

Eric Winegar was incredible. He took time to pull together data and explained in great detail the specifics of our mineral interests. We had an offer that could have potentially been a horrible mistake and Eric saved the day! We are so grateful for the time he took to put everything together and explain it to where we could understand it. He is so knowledgeable!

Christi Potts

Panola, TX

Rated 5 out of 5
May 2, 2023

Eric is First class, educational and honest. We had been offered a substantial amount for one of our mineral rights by mail. I was uncomfortable because the amount didn’t add up for me and I reached out to Texas Royalty Brokers for a second opinion. Eric took the time to explain the process, what he thought he might be able to do given the information he had at the time (which was no more than the offer letter I had been provided). I decided to give Eric a shot at the second opinion and sent in all the information required. Eric reviewed the information, did a substantial amount of research and scheduled a conference call.

Eric took the time to explain , with supporting maps and documentation, why selling was a bad idea for us. I learned more in a 30 minute conversation with Eric than I had in the three years since we inherited the royalties. Long story short, he saved us from making a several hundred thousand dollar mistake. He didn’t have to take the time educate us but he did. I highly recommend Eric and his team and will definitely use Eric if the time ever becomes right to sell.

Rick R.

Karnes, TX

Rated 5 out of 5
April 19, 2023

Eric, it was a pleasure working with you! The outcome and timing was precisely as expected and communication was every bit on point. I thank you, my family thanks you! I will keep in touch. Respectfully,

The Trial’s

Theresa T.

Blog Categories

Mineral Rights

Texas Star Seperator

Curious about mineral rights?  We’re going to tell you everything you need to know about mineral rights.  After reading this article, you’ll be an expert in mineral rights ownership.

Use the links below to skip to specific topics related to mineral rights ownership.

Subsurface Mineral Rights
Mining Rights
Surface Rights
Real Estate and Mineral Rights
Buying and Selling Mineral Rights

Subsurface Mineral Rights

Texas Star Seperator

Owning mineral rights means that you own the actual physical oil and gas under the ground.  Mineral rights are a type of subsurface rights.

When the term “mineral rights” is used, it nearly always refers to oil and gas mineral rights ownership.  However, there are other types of subsurface rights you could own.  Subsurface rights are any ownership of material that is not visible on the surface of land.  This means that ownership of rock, coal, lithium, and many other materials are considered subsurface rights.  These materials are also mineral rights!

In most cases, “mineral rights” are understood to be oil and gas related.  When other types of subsurface ownership are referenced, those are commonly called “mining rights”.

Mining Rights

Texas Star Seperator

Outside of oil and gas mineral rights, there are many other types of mineral rights that can be mined.   Here are some examples of other types of mineral rights that can be mined that are not oil and gas related:

  • coal
  • metal ores
  • stones
  • sands
  • salts
  • gravel
  • clay
  • gemstones
  • limestone
  • chalk
  • lithium
  • + many more!

When an individual or entity negotiates a contract to extract mineral rights that are not oil and gas, this is called a mining claim.  When an individual or entity negotiates a contract to extract oil and gas, this is called a mineral rights lease.  A mining claim or mineral rights lease gives the owner of that claim or lease the ability to extract the mineral rights whether those be oil and gas or other materials.

Surface Rights

Texas Star Seperator

It’s important to understand the difference between surface rights and mineral rights.

When you own the surface rights, this means you own the actual land.  In Texas, it is common for the mineral rights owner and the surface owner to be two different people!  This is what happens when mineral rights are severed from the surface ownership.

As a surface rights owner, there are certain benefits you can get from oil and gas production even if you don’t own the oil and gas mineral rights.   These include:

  • Surface Damages:  Let’s say that an oil and gas operator needs to drill a well on your land.  They will pay you surface damages to compensate you for the land that was disrupted and changed during the process of drilling the well.  These surface damage payments are negotiable.  It depends on how much your land was impacted and how you negotiate with the operator to be compensated.
  • Easement: Let’s say that an oil and gas operator needs to drill a well near your land.  They need access across your land.  To build a road across your land, they may pay you for an easement that gives them the right to build a road on your land and then use that road in perpetuity.
  • Free Natural Gas: Some savvy land owners have negotiated for a natural gas line to be directly hooked up to their house / property when a gas well is drilled on their property.   This would give you free natural gas for decades at your home!
  • Timber:  While not oil and gas related, if you own the land you have Timber rights.  This means you can sell the Timber on your land to a company who cuts timber.  Note:  Timber rights can also be separated from the surface, but this is uncommon.

Important:  Many surface rights owners are concerned that not owning the mineral rights means they have no say in what and oil and gas operator does on their land.  This is NOT TRUE!  As the surface owner, you have a right to negotiate what happens on your land or prevent any wells or access on your land if you wish.  The operator will work around you as there is ultimately someone willing to offer the use of their land for the right price if you do not want your land disrupted in any way.

MINERAL RIGHTS VALUE IN TEXAS?

Contact us to find out how much your mineral rights are worth.

Buying real estate without mineral rights

Texas Star Seperator

In Texas, it is very common to buy real estate that does not include the mineral rights.

This is because oil and gas mineral rights are well known in the state of Texas and sellers typically retain their mineral rights.  Over the years, as individuals have sold their land or real estate, they have retained the mineral rights when they sell.  In addition, savvy developers will purchase land and then deed the parcels off without the mineral rights.   In this way, many sellers retain the mineral rights when they sell real estate or land.

When mineral rights ownership is separated from the surface, this is known as severed mineral rights.  Severed mineral rights become a new ownership that can be bought or sold separate from the surface.

Buying land without mineral rights

Is it ok to buy land that does not include the mineral rights?  Yes!  As a surface owner, you will still benefit from some of the situations we described above if they do drill for oil and gas in your area.  There is little to no downside in buying land without mineral rights.  You simply need to understand what rights you do and don’t have.

Buying a home without mineral rights

Should you buy a home without mineral rights?  Yes!  There is nothing wrong with not owning the mineral rights related to your home.  This is especially true if you are in a typical neighborhood.  You will never notice the difference.  The only thing you won’t get is royalty income if they extract oil and gas from beneath your home.  Not owning the mineral rights does not negatively effect the value of your home.   If your home came with mineral rights, it would be worth more than the market value of the house itself as the mineral rights have their own value.

Should I retain mineral rights when I sell?

It depends.  There is a value to your land / house, and there is a value to mineral rights.  As a general rule of thumb, the person who wants to purchase your land / home will pay less for mineral rights than they are worth.  On the flip side, the person who wants to buy your mineral rights will pay less for your land / home than they are worth.   You should attempt to retain your mineral rights when you sell land or a home, and then sell the mineral rights in a separate transaction.

The only exception is if you are in an area that is not productive for oil and gas.  In this case, someone may pay you a premium for the mineral rights which have little to no value.  Contact us for a free consultation to find out if selling your mineral rights with your land / home makes sense or if retaining the mineral rights and selling separately makes more sense.

Buying and Selling Mineral Rights

Texas Star Seperator

If you own oil and gas mineral rights, and you are interested in selling, Texas Royalty Brokers can help.  When you sell oil and gas mineral rights it is extremely important to get competitive bids.  Competitive bids from qualified buyers ensures that you sell for the highest market price available.  Many mineral rights owners sell far below market value because they don’t get competitive bids.

Learn more about Texas Royalty Brokers and how to sell mineral rights for the absolute highest price.   Contact us for a free consultation.

Mineral Rights for Sale

If you are interested in mineral rights for sale, check out our available listings.  Our company focuses exclusively on high value mineral rights in the state of Texas.  Check back often as we are constantly adding new listings.

Questions about mineral rights?

Texas Star Seperator

If you have questions about your mineral rights, contact us using the form below.  Our team will quickly help answer your questions.  There is no obligation and no pressure!

Contact Us