How to Calculate Mineral Rights Value in 2020

If you want to know how to calculate the value of mineral rights you’re in the right place!

Figuring out how to calculate the value of mineral rights can be a challenge.  We will provide you with some mineral rights value rules of thumb that will guide you.  The values we provide will be a good park park estimate of mineral rights value in 2020.

Factors in Calculating Mineral Rights Value

The reason it is impossible to accurately calculate mineral rights value is because there are many factors that play a role in the value.  No two mineral rights properties are ever identical.  This is why it’s impossible to find an average price per acre for mineral rights.  The only exception is if you own an identical interest to a family member and that family member has an identical lease.

Many mineral owners attempt to search for “comps” to understand whether they have a fair offer to sell mineral rights.   There is no such thing as comps in mineral rights due of the factors below.  In a single county, the average price per acre for mineral rights could be anywhere from $250 to $10,000+/acre depending on all these factors.

Each factor can play a significant role in calculating mineral rights royalties value.  This is why it’s impossible to figure out how to calculate the value of mineral rights accurately.   Here are just some of the factors that play a role in the value:

  • Operator

  • How many wells have been drilled

  • How many wells are left to be drilled

  • Current production

  • Surrounding production

  • Decline curve for existing wells

  • Pipeline Infrastructure

  • Royalty Rate

  • Pugh Clause

  • No Deductions Clause

  • Active Permits

  • Expired Permits

  • Surrounding Permit Activity

  • Surrounding Rig Activity

  • + MANY MORE!!

With all of these factors above and many more, accurately calculating royalties value for your specific mineral rights is nearly impossible.  This is why mineral rights appraisal services do not work.

The Best Way to Estimate Mineral Right Value

Mineral owners come to us all the time and ask us, how much are mineral rights worth per acre?

The best way to estimate mineral rights value is through existing offers.  Existing offers are truly the best way to get a ball park feel for mineral rights value.  Every mineral buyer is different.  Some mineral buyers will send you a low ball offer.  Others will send you a teaser offer and then reduce the price when you contact them.   However, if you get multiple offers in the mail to sell mineral rights you can get a general feel for the market value through these offers.

Mineral buyers take all of the factors above into account when making offers.  A real legitimate offer from a qualified buyer is the best estimate of the market value of mineral rights.

If you have an offer to sell that you are strongly considering, we recommend listing your mineral rights at US Mineral Exchange.  We can quickly get your mineral rights in front of thousands of qualified buyers and get competitive bids.  Over 95% of the time we can find you a higher offer.

How to Calculate Value of Mineral Rights

When mineral owners are trying to understand how to calculate the value of mineral rights, they often want the “Zillow” for mineral rights.  This does not exist and any company claiming they are the Zillow for mineral rights can’t provide accurate information.

The reason is that it’s simply not possible to accurately calculate the value of mineral rights.  Some mineral appraisal type services will claim to give you an accurate calculation of mineral rights value.  These services are always wrong.  We have checked their estimate vs. sales in an open competitive market and they are always wrong.  Don’t waste your money!

Every property is unique.  As we mention above, there are a large number of factors that affect value.  You simply can’t calculate mineral rights value with any accuracy.  With that said, further below we’ll provide you with some mineral rights value rules of thumb that will help.

Average Price Per Acre for Mineral Rights

We are frequently asked about the average price per acre for mineral rights in a given county.  There is no average price per acre for mineral rights!

The reason is that your mineral rights ownership is different than anyone else’s.

Assume that you have mineral rights with a 12.5% lease and all 6 wells that will fit on your acreage have already been drilled.  These wells have been producing for years.   Your neighbor next door has a 25% lease and they had 1 old vertical well from 1950 that just got shut in.  The operator has a drilling pad set up and is drilling 6 new horizontal wells on his acreage.

Your acreage could be right next door to someone and the value could be completely different.   Your mineral rights could be worth $1,000/acre because there isn’t much oil left while your neighbor could be getting an offer for $10,000/acre based upon an active rig and a 25% lease.

This why there is no average price per acre for mineral rights.  Every owner (even in the same wells) is unique.  Your lease agreement terms, your lease royalty percentage, your ownership type, etc all play a role in the average price per acre for mineral rights.

Gross Acres vs Net Acres

One thing that confuses a lot of mineral owners is the difference between gross acres and net acres.  If you want to know how to calculate the value of mineral rights you need to know the difference.

The gross mineral acres describe where your ownership is located.  On your mineral deed and on your lease agreement, they will typically list the gross mineral acres.  This leads a lot of mineral owners to believe they have a lot more acreage than they really have.  The gross mineral acres is usually a nice clean number like 40 acres, 80 acres, or 160 acres.  If you think you have a nice large round number of acres, you are probably looking at the gross acres.

When you calculate the value of mineral rights you need to use your net mineral acres.  This number is more difficult to calculate.  You need copies of your check stubs OR you need an order for payment document that will show you how many net acre you leased.  If you send US Mineral Exchange a copy of your check stubs we can help you calculate how many net mineral acres are owned.

Mineral Acre vs Royalty Acre

If you have heard the term “royalty acre” or “net royalty acre” this may be confusing.  Mineral buyers will use the term net royalty acre as a way to compare two different properties apples to apples.

It all boils down to your lease rate.

The most simple explanation is that a net royalty acre is a net mineral acre leased at 12.5%.   Let’s look at two examples:

1 net mineral acre leased at 12.5% = 1 net royalty acre

1 net mineral acre leased at 25% = 2 net royalty acres

A 25% lease is double 12.5%.  This means you have double the number of net royalty acres.  Mineral buyers can compare two different owners in the same tract and calculate how much they are buying by looking at the net royalty acres.

Mineral Rights Value Rules of Thumb

As we discussed above, the best way to calculate mineral rights value is with an existing offer.   However, there are some mineral rights value rules of thumb we can use to help you get a rough idea of the value.   While these estimates will not be perfect, they will help you get a rough ball park estimate of the value.

If you have an offer in hand, and the estimate we show is lower than your offer, DO NOT accept the offer simply because it is higher than our estimate.

The estimated value of mineral rights is just that, an estimate! We can nearly always find you a higher price when selling mineral rights by getting you competitive bids.  Contact US Mineral Exchange and get a free consultation before you accept an offer.

Below are some good mineral rights value rules of thumb.  These rules of thumb can frequently be wrong due to all the factors listed up above.   To estimate mineral rights value using a rule of thumb it depends on what phase of ownership your property is in.  See our property types page for a more thorough description of each type.

Here are the different phases of mineral rights ownership:

Mineral Rights Ownership Phases

Non-Leased Mineral Rights

If you have a property that does not currently produce royalty income and you do not have an active lease, the value is nearly always under $1,000/acre.  The average price per acre for mineral rights that are not leased is between $0 and $250/acre.  Unless you have a substantial amount of acreage (250+) we generally do not list non-leased non-producing mineral rights.  The only exception is if you have a current offer to sell or you have a recently expired lease that would indicate a higher value.

Leased Mineral Rights

If you do not receive a royalty check but you have an active lease agreement, the rule of thumb is 2x to 3x your lease bonus.   For example, if you leased mineral rights for $2,000/net mineral acre, you could expect to an average price per acre for mineral rights between $4,000/net mineral acre to $6,000/net acre.   How much you can sell leased mineral rights for depends a lot on your royalty percentage, the lease terms, and how good or bad the deal was you got when you leased.

Producing Mineral Rights

If you get a royalty check you have producing mineral rights.

The mineral rights value rule of thumb for producing properties is a little bit different.  There are two factors that affect producing mineral rights value.

  1. Cash Flow:  The cash flow value of mineral rights is based upon what the current royalty income.  You can use the mineral rights royalty calculator below to estimate the cash flow value of your mineral rights.
  2. Future Upside:  The future upside value is based upon what might happen in the future.   Some mineral buyers will place a value on the future upside when a new well is drilled and you get additional royalty income.   This is virtually impossible to estimate as every buyer analyzes it differently.   There is no mineral rights royalties calculator that will give you this value.

To estimate mineral rights value for producing properties, take the average of your last 3 months of royalty income.   Once you have a monthly average, plug it into the mineral rights calculator below.

You can expect to sell mineral rights for around 4 years to 6 years times the average monthly income you receive.  The mineral rights value calculator below is a good estimate of the cash flow value of your mineral rights, but does not account for the future upside value of your mineral rights.

Mineral Rights Royalty Calculator

Keep in mind that you could be getting $10/month in royalty income and the calculator above would show a value of $480 to $720 for your mineral rights.  You could be getting $10/month and have an offer for $1,000,000 on the table.  This happens all the time.

How is that possible?  The mineral rights calculator above only takes into account the cash flow value and does not account for future upside.

Accepting Offers for a Fair Price

While a legitimate offer is the best way to estimate mineral rights value, accepting one of these offers is not the best way to get a fair price.   The only way to ensure the best price is to get your property in front of thousands of qualified buyers.   Your goal is to put the most cash possible in your pocket.

When you accept an unsolicited offer to sell mineral rights you will nearly always sell below market value!

When you list mineral rights at US Mineral Exchange, you will quickly get the property in front of thousands of qualified buyers.  These buyers will compete to pay you the highest price.  This competition among buyers drives the price higher.

While the offers you get in the mail are a good estimate of mineral rights value, they do not indicate the true highest market value possible.   If you want to sell mineral, rights, listing them at US Mineral Exchange will make sure you sell for the best price possible.

Check out our standard listings and auction listings to learn more about listing at US Mineral Exchange.   You might also be interested to learn more about how the process works or the required documents to list.

Questions about Estimating Mineral Rights Value?

If you have any questions about how to estimate mineral rights value or wish to sell mineral rights, please let us know using the contact form at the bottom of this page.  We will quickly respond to your inquiry!

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Free Consultation

    Your Name

    Your Email

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    Average amount you receive each month:

    Is the property leased?:

    Do you have any offers?:

    How did you hear about us?:

    If you have check stubs, lease agreements, or offers, please upload those documents here(max 20 Mb):

    Tell us a little about your property and what you hope to accomplish? Please include state and county of property.

    Common Questions

    The more information you can provide about your property the better!  We can give you a better idea about the value of selling mineral rights if you provide more information.  The most important thing we need is for you to answer the questions and provide your state and county.

    If you have the required documents to list, providing those is extremely helpful!

    Absolutely not!  When you inquire at US Mineral Exchange we will not be putting any pressure on you to sell.  We will help answer any questions you have whether you are interested in selling or not.

    We typically respond to inquiries in less than 12 hours and usually within hours of submitting the contact form. At US Mineral Exchange our goal is to be available to mineral owners as a resource so we pride ourselves on quickly replying and communicating with mineral owners.

    At US Mineral Exchange, we take privacy very seriously. We will NEVER sell your information or use it without your consent. When you send us documentation or tell us about your property, that information does not go outside our company without your consent. Even when you list a property for sale on our website, we strictly control who has access to the information about your listing so that only legitimate buyers will be able to see property details.

    Many mineral owners make the mistake of getting an offer and quickly selling.   They then accept an offer far below market value because they felt pressure to sell.   There is nearly always a better price available.

    We have two types of listings available to help you sell mineral rights for the best price:

    Auction Listing – Our auction listings are for just 7 to 14 days.  If you have an offer in hand you are seriously considering, an auction listing is a quick way to get a better offer and ensure a smooth closing process.  Learn more about our auction listings.

    Standard Listing – Our standard listings run for 30 days.  These listings are ideal if you don’t have an offer in hand or you are not in a rush to sell.  Learn more about our standard listings.

    The reason that so many mineral owners decide to sell mineral rights at US Mineral Exchange is access to our large network of mineral rights buyers. Our goal is to help you get top dollar for selling mineral rights by getting your property in front of a huge audience of buyers. This allows buyers to compete against one another which ensures you get fair market value for selling mineral rights.

    There are absolutely no cost to list your property.  When you locate a buyer by listing your property with us, we are paid a commission directly by the buyers closing agent. This means you never have any out of pocket expenses ever.  We only get paid if we can get you a better price than the current offer you have in hand.

    FREE GUIDE

    Download our free mineral rights guide now!  Learn more about your mineral rights.

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    Client Reviews

    Robert Broome
    20:30 26 Nov 20
    We had a super experience working with Terra on the sale of our mineral rights. She was very patient with us and explained everything very clearly, which was helpful since we had no experience in this area, and she never talked down to us depite our ignorance. She was also professional in that she paid attention to every detail, down to indicating the paper size that was required for printing our documents! She kept us informed at every step of the process. She clearly knows her field well and made suggestions that allowed us to receive an excellent price for our rights. I would highly recommend using USME for any sale you are considering.read more
    Wayne Copes
    17:23 11 Nov 20
    My aging mother-in-law needed to sell some mineral rights in Oklahoma and Kansas. I was the family member "appointed" to find a buyer(s). I knew NOTHING about energy or mineral rights. However, I "stumbled" onto the US Mineral Exchange website and connected with their rep Terra Castagna. Terra patiently explained their process for getting rights evaluated and sold. The value of our rights did not meet the threshold for their usual sales, but Terra offered to make our rights known to potential buyers of smaller positions. In a very short time several buyers expressed interest and we quickly reached an agreement with one who was willing to buy both rights. We could not be happier with the service provided by US Mineral Exchange, and in particular, with Terra Costagna, and would unreservedly endorse their services.read more
    David Tusa
    17:38 23 Oct 20
    Overall excellent experience. Very professional and responsive staff. They are experts at the minerals business and the process reflected such. The transaction was completed in less than a week and we netted much higher proceeds than we expected. Highly recommended.read more
    Linda Baldwin
    15:04 17 Jul 20
    Selling oil and mineral rights is not a common practice, or at least not for us. We went from "how on earth will we do this and do it right" to a very successful sale in record time. I am so happy that we found US Mineral Exchange. From the first phone call they were professional, answered all of my questions, and walked me through every step of the process with calm professionalism, and brought a price exceeding our expectations. From a seller's perspective, it could not have gone better! I wholeheartedly recommend US Mineral Exchange and gladly serve as a reference.read more
    Beau Bostick
    19:07 15 Jul 20
    Great company just be careful who you sell to Iron Horse royalty out of Austin Texas and Garrett Merket very dishonest company. But after learning he was connected with a politician . I am not surprised
    Bryan Austin
    18:13 13 Jul 20
    Terra was amazing in assisting me in selling my late fathers royalties. She answered all of my questions and made the process smooth as butter! Thank you!
    Nicole Garcia
    20:48 12 Jun 20
    I contacted US Mineral Exchange in hopes to sell my families old mineral rights. Though the claims were too small for their business to sell they had great information for me and my situation. Highly recommend this company!
    David Johnsen
    18:06 08 May 20
    US Mineral has been very helpful, leading us through all the steps in selling two different royalties. We gave them plenty of problems to work us through and they were always more than helpful and kind.
    Donna Ware
    18:02 23 Apr 20
    My husband William Ware acquired Mineral Rights through his late Grandmother. We worked with Terra at US Mineral Exchange to begin the decisions to sell our rights. She responded to every question, even ones that to her were probably silly, she did it professionally and with kindness. When it came time to decide if we wanted to take the offer we received from a buyer, she didn't pressure us but gave us educated advise. I can't recommend this company enough!read more
    Charles Clark
    17:49 18 Mar 20
    To Tara Castagna: Thank you very much for helping me thru the selling process of my mineral rights. Your excellent customer service and attention to detail made the process very easy. Your research of the history and records of my rights was extremely helpful in completing this project. Again, thank you for the very professional service. Conley Lawread more
    John Parkhurst
    20:01 16 Mar 20
    I used US Mineral Exchange to sell my mineral rights in Colorado. I dealt with Terra and she was a real champ at follow-up and advise. She was extremely friendly and responsive to any questions I had. I highly recommend any individual that is considering selling their rights would be well satisfied for their customer service, experience, and guidance. My experience was totally hassle free. I highly recommend their service!read more
    John Parkhurst
    20:01 16 Mar 20
    I used US Mineral Exchange to sell my mineral rights in Colorado. I dealt with Terra and she was a real champ at follow-up and advise. She was extremely friendly and responsive to any questions I had. I highly recommend any individual that is considering selling their rights would be well satisfied for their customer service, experience, and guidance. My experience was totally hassle free. I highly recommend their service!read more
    Kenneth Wick
    18:34 16 Mar 20
    I obtained minerals through an inheritance and I knew they were in a area of interest. I contacted and listed with US Mineral Exchange. The good folks at USME found a buyer and the process of selling my minerals was done professionally and without a hitch. The support from Terra and Garrett was most kind and helpful throughout the entire process. I will gladly recommend their services.read more
    Pearson Ferguson
    16:58 03 Mar 20
    Great people. Smooth process. Quick closing. Highly recommend. US Mineral Exchange also got me a fair value when other companies were trying to lowball me. I will use them again if the need ever arises.
    Jack Roberts
    16:49 21 Dec 19
    I inherited mineral rights that have been in the family for decades. I enjoyed the monthly income but remained mostly ignorant of the whole oil/gas industry. Out of the blue I got an unsolicited offer to buy them which seemed an attractive option I had never looked into. I immediately ended up "down the rabbit hole" of how confusing this would be. In my on-line search for information I found US Mineral Exchange. After careful evaluation of the whole situation I engaged them as my broker, to list my minerals for sale. They helped me settle on a buyer, and they negotiated a purchase agreement that protected my interests better than I ever could have done on my own. During all the complicated and uncertain parts of closing the deal, I felt assured that Garrett and Eric and Terra were looking out for me and keeping me informed of the progress. The deal is now closed, the money is in the bank! I'm confident I got top dollar for my minerals, and having experienced industry professionals on my side kept me from worrying through the entire process. I am so glad I hired US Mineral Exchange.read more
    Duane Cole
    22:00 20 Dec 19
    After some research on how to sell the family mineral rights in North Dakota I was impressed with the US Mineral Exchange website. An initial contact with Terra got me started gathering documents to use to post the sale on the website. About one week after posting, Garrett suggested we request a best and final offer. Within a couple of days I had a final offer and we completed the deal, after exchanging paperwork, which took a couple more days. The service was fast, excellent and beyond my expectations. We received more for the rights than an offer I had received and more than I had expected. Terra and Garrett at the US Mineral Exchange were great at walking me through the process, answering my questions, and guiding me through the paperwork. I would recommend the US Mineral Exchange to anyone who is interested in selling their mineral rights.read more
    Darrin Turpin
    02:50 29 Sep 19
    Eric and Garrett were phenomenal in walking my family and I through the process of selling our mineral rights and essentially made it an effortless and painless experience. Whenever I had a question, they were quick to respond, very informative, and were both well above expectations in regard to their professionalism.I walked in to this process (even after extensive research) with an unsettling feeling not knowing much about how mineral rights were valued, how complicated or not the process of selling was from start to finish, and whether or not I was taking the right approach. Needless to say, my experience with them and the US Mineral Exchange before, during, and after the process alleviated that unsettling feeling swiftly.To anyone who is uncertain about this process as I was, rest assured that there are great safeguards in place through the US Mineral Exchange to protect you, your mineral rights, and is completely risk, and obligation free to pursue. This process is much easier and efficient in comparison to dealing with letters and phone calls from buyers on a case by case basis which can be tedious, stressful, and raises too many questions. The first obviously was "Is this the most I can get for my mineral rights?". This process through the US Mineral Exchange drives competition from many potential buyers which will maximize and define true value. I ended up selling my rights for 163% more than the highest offer letter I received over the course of the last 10 years.In conclusion, any potentiial seller who is even a tad curious, you have nothing to lose and everything to gain, and the best part is, it didn't cost one cent out of my pocket to sell or inquire about selling. Thank you Eric and Garrett for making this experience great, and effortless.read more
    Jarrod Turpin
    01:00 28 Sep 19
    The process for selling my mineral rights through US Mineral Exchange was quick and easy. My representative Garrett Phelan guided me throughout the whole process and kept me well informed all the way until closing. He got me a better price than initially thought I would get on the exchange. I would highly recommend this company for anyone looking to sell their mineral rights at the best price.read more
    Matthew Rigdon
    18:08 02 Aug 19
    US Mineral was able to get a better offer for my mineral rights and took care of all the paperwork. I appreciated their detailed instructions along the way and going above and beyond to get the deal closed on time.
    Jessica Parker Valentine
    20:38 24 Jul 19
    Terra and her colleagues walked me through the process to sell my mineral rights, so that I was completely understanding of every step and very comfortable with my decision to put my rights into auction. We fetched a much higher amount than my highest previous offer, so I was thrilled I made the decision to work with them.read more
    Sherry Nylander
    18:34 18 Jul 19
    After receiving an unsolicited offer to buy our inherited mineral rights in North Dakota, we turned to US Mineral Exchange for help. Garrett and Terra provided professional and helpful advice. After we listed we received an offer greater than we expected. Garrett walked us through the process to accept the offer and finalize/close the sale, which went without a hitch and quicker than we expected. We highly recommend US Mineral Exchange for selling mineral rights.read more
    Mary Gray
    20:12 14 Jun 19
    My husband and I have had many purchases of mineral from U.S. Mineral Exchange. We have had many transactions with Garret and he has always been very professional. We have never had an issue with U.S. Mineral Exchange. They are very trustworthy and always above board. Their staff is always professional and they give excellent customer service. Our most recent business deal was in selling some mineral rights and had the pleasure of working with Terra. Terra was every bit as professional as Garret and followed through with great integrity. We highly recommend U.S. Mineral Exchange to anyone looking to buy or sell minerals for any dollar amount. We are looking forward to doing more business in the future with U.S. Mineral Exchange. They truly are the best in this business.. Very pleased clients, Dan & Mary Grayread more
    Melody Ilk
    14:05 09 Jun 19
    Garrett was wonderful to work with over the course of our sale. He communicated clearly and consistently with us through every step of the way. Because of this, it was a simple process and easy to complete.
    Jeff Youtz
    13:33 06 Jun 19
    U.S. Mineral Exchange was a terrific team to work with in selling our mineral rights. Garrett Phelan was very professional, kept us informed every step of the way and made the whole process run quickly and smoothly. I would highly recommend U.S. Mineral Exchange for anyone contemplating the sales of their mineral rights.read more
    ROBERT WEBB
    02:22 05 Jun 19
    I was treated very well . It was a long drawn out process because of probate issues and they helped me through the process . They found a buyer who stuck with me for a year while we went through all the probate issues. I got the price I wanted. I highly recommend Garrett, he is a no nonsense professional.read more
    Lois Steinberg
    15:45 01 Jun 19
    I contacted US Mineral Exchange to help me sell mineral rights that I inherited. Their team was very professional and expedited completion of the transaction. If you are interested in selling your mineral rights, I highly recommend US Mineral Exchange.read more
    Richard Colegrove
    17:49 17 May 19
    We tried selling our mineral rights on our own had nothing but empty promises. Contacted US Mineral Exchange and a month later we sold for more than what was offered before and closed quickly. I can't say enough good things about our experience and we are completely satisfied. Don't learn the hard way, use US MIneral Exchange first!read more
    Nancy Hakemack
    18:36 10 Apr 19
    I loved the constant contact throughout. They explain the whole process of selling minerals and help you with every step along the way. Very knowledgeable of their job. Worked with us to get a fair price for our minerals. Would not go any where else.read more
    Matt Howard
    03:08 02 Apr 19
    I was referred to them by my father. They were very helpful, as I don't know a lot about mineral rights and that sort of thing, but they were patient, answered all of my questions, and helped me get a great value. I was impressed by how well everything went. They broke everything down for me and I am very happy I chose to use them to sell my mineral rights.read more
    James Grandon
    23:11 21 Mar 19
    USME was just wonderful to work with. They were honest, forthright, and the consummate professionals. They helped me to get a great price and kept me updated through the whole process of selling my oil interests. They were very patient with me and my many phone calls and other communications. Good and pleasant folks at USME, and I had the feeling all along the way that they really cared and worked hard for me. To say I am happy with them is an understatement.read more
    Randy Boaz
    16:37 06 Mar 19
    USME orchestrated the sale of our family mineral rights. We already had a pretty high offer, but they were able to find us a buyer willing to pay even more, after a short auction (less than a week). That buyer also uses their business to help military veterans. So, it was a good deal for both sides.read more
    Chris Hauge
    20:42 21 Feb 19
    Garrett and everyone at US Minerals is the only place to go. They explain the whole process of selling minerals and help you with every step along the way. Very kind, caring and knowledgeable of their job. Got us a very good price for our minerals. Would not go any where else. If you are thinking about selling give them a call!!!!read more
    Vickie Spradlin
    17:26 03 Dec 18
    I had mineral rights in Oklahoma but live in Texas and had no idea how to go about selling them. I came across US Mineral Exchange and haven't looked back. The two gentleman I worked with Eric and Garrett were great! They were professional, personable and guided me through the entire process and got me a really good prices. Can't thank the enough!!read more
    Tania Williams
    19:55 29 Nov 18
    Terra & Garrett were great. I mostly worked with Terra via e-mail. I did talk to both of them once on the phone but our transaction was a little trail tracking with the property going back to 1925 it was a lot of connecting the dots. We worked together to get the deal done & fairly quickly even with a few extra steps. Thank you again Terra & Garrett.read more
    showsie
    19:24 06 Nov 18
    This was my first time using us mineral exchange and I highly recommend their services! They are attentive, always return phone calls & emails and are most definitely professionals in their field! Plus you get a fair market price for your acres.read more
    Robert Hill
    00:34 27 Oct 18
    Garrett and Eric were great to work with and found a buyer above my asking price. They made the sales transaction very smooth and easy. Their instructions for the closing process were very detailed and easy to follow. I would certainly recomend their services,to anyone.read more
    Alyce Nunn
    03:18 24 Oct 18
    This process was so easy. The gentlemen at US Mineral Exchange were very helpful. If something came up, they were knowledgeable and quick to respond. From beginning to end all my questions were answered and my mind set at ease. I couldn't be happier with the entire experience. Thank you US Mineral Exchange!read more
    Janet Opitz
    18:22 01 Oct 18
    My experience with U.S. Mineral Exchange was excellent. Garrett was wonderful to work with. He was very professional and answered any questions that I had. I inherited some mineral rights and was not sure what to expect, but the bidding process went smooth on my end and I feel that Garrett did an excellent job making sure that I got a good price. I highly recommend anyone thinking or wanting to sell their mineral rights to get in contact with U.S. Mineral Exchange.Janet Opitzread more
    honey keyes
    23:05 14 Aug 18
    Years ago I inherited Mineral Rights---but that's all I knew! Had NO idea what they really were or how to determine their value! I'd received lots of unsolicited offers with a variety of purchase amounts over the years. When I finally decided to sell my Rights, I had NO CLUE how best to help myself in this process! Research kept pointing me to US Mineral Exchange---and it was the smartest call I could have made!! Garrett, my agent, was professional, patient, informative, prompt, insisted I feel No Pressure and that I understood all Final Decisions with regard to their sale were mine alone. He "walked next to me" from Start to Sale! If you, too, don't know what your Oil, Gas or Mineral rights can mean for you in that market place, contact USME and get educated! Guaranteed---you won't regret it!! I had an all-around EXCELLENT experience! Thanks, Garrett.read more
    Jackie Hinerman
    18:50 20 Jul 18
    Had a great experience with US Mineral. Listed the mineral rights and received an offer within a week. Offer was higher than previous offers from other companies. Closing transaction went smoothly and was fast. Rep was very knowledgeable and responded to my questions promptly.read more
    Christy Thompson
    16:49 14 Jun 18
    We had inherited property when my Mom passed and honestly we didn't know what to do with it. We were getting paid $17.00 in royalties a year and paying $398. in taxes. So my brothers and I decided to sell. So I did a lot of Googling and found US Mineral Exchange, I liked that they were local, same state as me. I filled out their questionnaire and sent it off and in less than 45 minutes I got a phone call from a person not some computer and such. Now I have to say that the people at US Mineral Exchange were so helpful and patient with explaining what paperwork I needed to find and how to get titles straightened out, and when there was a blip they were very nice on helping me learn what was needed to be done to smooth things out. So in my opinion if you have some mineral rights and would like to sell them contact Jeff at the US Mineral Exchange . Like I said very knowledgeable, helpful, quick in returning emails or phone calls and worked hard to get us the best price. All around a very good experience I would highly recommend them.read more
    Lula West
    01:24 08 Jun 18
    Eric and Garrett were very professional and answered all my questions along the way, even on a holiday weekend, which made it very smooth and stress free for us.They not only got us more than we expected for our mineral rights, but they also understood that we were hoping to get the transaction completed in a short amount of time. They not only did this, but got it done even sooner than we had hoped, and the funds into our account in a very quick manner. We are nearing retirement and I have had health issues recently, so decided to move forward on buying the travel trailer we dreamed of having when we retired. Selling our mineral rights made that dream come true for us, and Eric and Garrett helped us achieve that goal without worry. The trailer we had our eye on, the Airstream Nest, just came out last month and we had a vacation planned at the end of this month. By getting the funds from our sale in a timely manner, we were able to get the one the dealer had coming off the assembly line in time to take on vacation with us! Otherwise it would have been at least a 6 week wait. Our dream of owning an Airstream is coming true! We are so grateful to Eric and Garrett for their superb service! I highly recommend using US Mineral Exchange!read more
    Gary Knowls
    20:56 04 May 18
    We had been considering selling a portion of our gas royalties and after several offers (and they were all over the place) I knew I needed help to make a good decision. After a good deal of research, I found US Mineral Exchange. Eric provided detailed information about what to expect and Garrett led me through the whole process keeping informed and addressing any concerns I had as they popped up. I could not imagine that I there is a better outfit and a more customer focused group in the business. THANK YOUread more
    Patrice B
    23:24 01 May 18
    It was a pleasant experience doing business with US Exchange.Both Eric Winegar and later, Garrett Phelan were patient with me and my questions. They are truly professional, and knowledgeable.I am from California and I had some mineral acreage in Texas I wanted to sell. But I had zero experience in this sort of thing, i.e how to advertise, how to approach my target audience; I didn't even know what the true value of my property was. Through the years of my owning the property, I had offers to buy it, ranging from $300 to $1400 per acre. I found US Mineral Exchange from my google search. I was impressed with the positive reviews, and was greatly reassured after talking with Eric.It took less than 4 months for my property to get sold. The Company did all the leg work for me, including screening for the best offers.Because the commission the Company gets comes from the buyer, not the seller, people like me are assured that whatever final figures that are arrived at, are the best.read more
    Donna MscDonald
    14:57 26 Apr 18
    My sister and I recently inherited mineral rights. Frankly, we had no idea what they were or where to go for help if we wanted to sell them. I was very worried our ignorance on the subject would put us at a real disadvantage.I found information about the US Mineral Exchange on a royalty owners website. Jeff educated, counseled and guided us through every step. He was always responsive within 24 hours, taking the time to explain current market trends that might affect our decisions. I asked a million questions and got detailed responses - sometimes more than once...or twice...or as many times as I needed in order to understand. Jeff was patient and thorough. At every turn I felt confident we knew our options. We could not have asked for better representation and guidance. I always felt we were as much a priority as their biggest client.In the end, we sold 35 of our 100+ mineral acres, and I am convinced that there was no other place we could have received the kind of comprehensive, expert service we did at the Mineral Exchange. It is with absolutely no reservation that I recommend them to everyone - knowledgeable or not - who is looking for help selling minerals. And, the best part is...we did not pay anything out of pocket for their expert attention. We kept 100% of the selling price!I am convinced my sister and I received the best possible representation, plus…we had the bonus of working with the most knowledgeable and pleasant people on the planet - my "friends" at the US Mineral Exchange.read more
    Scott Westover
    18:42 23 Mar 18
    Eric and Garrett were both a pleasure to work with and very responsive. They were not pushy and in my experience were truly working in everyone's best interest. They made the process of selling my parents oil and gas interest an easy and painless process. I would highly recommend working with them.read more
    Suzanne Magee
    21:45 02 Mar 18
    They made selling a portion of my mineral interests easy, and got me more money than I was offered on my own. Very responsive to my questions.
    deanna gay
    07:31 27 Dec 17
    My aunt and myself owned mineral shares on adjacent parcels of land in Eddy county, New Mexico. We both received offers in the mail to purchase those rights. After contacting one of those companies, my aunt and I both experienced high pressure sales pitches. My aunt ended up selling her mineral rights to one of these companies. I did some research on the internet, and contacted the US Mineral Exchange. I received more than 6 times the amount per acre my aunt received. She was bullied and harassed and intimidated into selling her rights. My experience with the mineral exchange could not have been more different. After listing, offers came in quickly, and were relayed to me without any high pressure sales or suggestion that I must act quickly or lose the opportunity. Contact with Eric from the US Mineral Exchange was always pleasant, he was polite and supportive, and provided information which helped me make my decision to sell without feeling pressured. I could not be more pleased, and only wish my aunt had known about it in time to benefit. I highly, highly recommend the service. Once the sale was complete and documents filed, payment was promptly and securely relayed to my bank. There was no cost to me, no high pressure sales, and I received so much more money for my mineral rights. Thank you, thank you, thank you. sincerely, Deanna Brown of Utah.read more
    Theresa Phillips
    15:42 01 Dec 17
    Had a wonderful selling experience! Eric Winegar was Professional, knowledgeable and courteous. Kept me updated throughout the process. Would recommend mineral interest owners/buyers to choose U S Mineral Exchange. Five Stars!!!
    Scott P'Pool
    15:38 01 Nov 17
    Eric with US Mineral Exchange was exceptional to work with during my transaction. He was knowledgeable, helpful, and patient with my questions. The resulting payout I received was more than double of what I was able to find on my own. I am extremely glad that I reached out to the US Mineral Exchange. Scottread more
    Oneta Hammans
    14:41 26 Oct 17
    Our experience with US Mineral Exchange was very positive. Eric W. worked with us from start to finish and was always available to us to explain the process and answer questions.The process for selling my mineral rights took a little longer than some, but Eric was always available to explain the glitches to me. Eric always conducted the business affairs with the greatest professionalism and integrity. I would highly recommend US Mineral Exchange to anyone wanting to sell their minerals.read more
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