Common Mineral Owner Mistakes

There are a lot of ways to be taken advantage of when selling mineral rights.  The reality is the most mineral owners get taken advantage of in some way.  Unfortunately, most of them don’t ever realize they were taken advantage or figure it out too late.

Over the years we have seen this first hand.  A lot of mineral owners fall into the same traps over and over again.  You can avoid all of the issues below by listing at US Mineral Exchange.  We are the industry experts when it comes to selling mineral rights.   We can help you avoid these common issues, sell for the best price, and ensure a smooth closing process.

Before you sell, consider the following common mineral owner mistakes below.  Some of these you can easily avoid on your own, others are nearly impossible to detect or avoid unless you work with an industry expert.

For Sale By Owner

We are biased.  Let’s get that out of the way up front.

We help people sell mineral rights and we are biased to persuade mineral owners to utilize our service rather than sell on their own.

Despite the fact that we are biased, selling mineral rights on your own is the single biggest mistake that you can make as a mineral owner.

Why?  You will make less money.

A lot of mineral owners believe they can sell mineral rights on their own.    They are right!  Selling mineral rights on your own is honestly not that hard.  If your mineral rights are remotely decent, you will be getting offers in the mail.  You can quickly get online and find mineral buyers who will make you additional offers.

You simply select the highest offer and get the best price right? Wrong! 

What most mineral owners do not realize is that there are thousands of mineral buyers out there.  When you sell minerals on your own, you will almost never get a fair market value.   The reason is that you simply cannot contact enough mineral buyers to get a good deal.  The price that each mineral buyer is willing to offer will vary dramatically.

Here is where most mineral owners get confused and accept a below market value offer.

They gather a handful of offers, compare those offers, negotiate the highest offer up a bit more, and then accept the offer.   You are convinced you got a good deal because you got the best price among the offers you found.  What you didn’t realize is that there were literally thousands of other mineral buyers out there who would have paid a better price.

The picture below illustrates our point.  Most mineral owners compare just a handful of offers and select the best.  It seems like a great deal when you compare the lowest offer to the highest offer.

Market Value of Mineral Rights

Unfortunately this is a trap that most mineral owners fall into.  It’s easy to convince yourself that you can do this on you own.  It’s easy to convince yourself that you are “happy with the offer” you found.  The reality is that you are leaving thousands of dollars on the table.

The only way to ensure you get the highest price is through competition.  When you sell mineral rights on your own, you are virtually guaranteed to sell below market value.

Accepting the first offer to sell mineral rights

One of the most common mineral owner mistakes we see is accepting the first offer you receive.   When you receive an offer to sell mineral rights, it’s tempting to quickly accept it.    We see many mineral owners accept the very first offer presented and walk away from a substantial amount of money.

Imagine that you were selling your home and only one buyer ever came to see the property.   Do you think you would get the highest value?  No way!

Now imagine you listed your home on the MLS so that it can be seen by thousands of buyers.   When thousands of buyers know your property is available these buyers must compete against one another.  This forces buyers to make their best possible offer which ensures you get top dollar when selling mineral rights.

A lot of mineral owners fell rushed into a decision.  They quickly sell to the first offer they get and end up leaving substantial money on the table.  Don’t let that be you!

Mineral Rights Flippers

A mineral rights flipper is someone who puts your property under contract at an agreed upon price.  They then turn around and sell the contract to another buyer at a higher price.  This is extremely common with mineral rights.

The mineral rights flipper will try and put you under contract for the lowest amount possible.  Once you agree to a price they find someone else to pay a higher price.  In this industry, it is not uncommon for there to be multiple flippers involved in a single transaction.

Mineral Rights Flipper

The worst part about a mineral rights flipper is that they pretend to be a mineral buyer!  A mineral rights flipper will not tell you they are flipping.  They will say they are “buying” your mineral rights.  Then, their “partner” will come in at the last minute and purchase the property.

It is nearly impossible for most mineral owners to determine whether a mineral buyer is legitimate, or whether they are flipping.  At US Mineral Exchange, we have processes in place to weed out mineral rights flippers.   Our goal is to connect you to an end buyer so that you pocket the maximum amount possible from the sale of mineral rights.

Mineral Rights Brokers

There are a number of mineral rights brokers to pick from when selling mineral rights.  As we mentioned above, we do not recommend selling mineral rights on your own.  There are simply too many ways to be taken advantage of and you will never get a fair price.

However, you need to be cautious about selecting the right broker.

Did you know that a lot of mineral rights brokers are actually just mineral buyers?  Some mineral buyers set up websites that appear to be a marketplace.  When you inquire they bring you “offers” that are really just them making you an offer.

If you believe you are getting competitive bids, but in reality you are just getting a single offer, you are going to sell below market value.

Here are some additional red flags to look out for when selecting a mineral rights broker:

Listings: This may seem obvious, but if you visit a mineral rights broker’s website and they don’t have any listings, they are likely a mineral buyer.

Information: Does the mineral broker have an easy to navigate website, full of valuable information to help you understand the process?

Mineral Rights Focused:  Some mineral rights brokers do it all.  They will handle wind, solar, timber, music, or any other type of ownership that generates royalty income.  The problem is that a buyer who purchases wind rights is not the same buyer who purchases mineral rights.  If your broker doesn’t have a strong network of oil and gas mineral buyers, they will not get you the best price.

Value Estimate: Any broker who claims they can tell you an exact market value for your mineral rights is likely a buyer.

Proven Experience: It’s now extremely easy to set up a basic website and appear legitimate.  Find out how long the company has been in business.  US Mineral Exchange has been exclusively focused on maximizing value for mineral owners since 2012.  During that time we have seen a lot of mineral brokers come and go.

Selecting the right mineral rights broker is a very important step.  Take your time and carefully consider your options to ensure you get the best market price.

Purchase and Sale Agreements

The purchase and sale agreement (PSA) is an important step when selling mineral rights.  A lot of mineral owners get taken advantage of when they sign a PSA.

Are you familiar with the difference between a net mineral acre and a net royalty acre?  If the PSA is based on NDI instead of NMA, how does that affect the adjustments allowed at closing?  Is the due diligence period being requested reasonable?  What recourse do you have if the buyer doesn’t close?

At US Mineral Exchange a large part of the value we provide is helping you navigate the purchase and sale agreement.  We know the red flags to look for.  We understand how buyers typically take advantage of sellers.   Attorney’s who do not specialize in mineral rights transactions frequently miss important items on the PSA.  It’s important to have a trusted advisor to help you navigate the process and ensure you get a fair deal.

Not Understanding Market Value

Most mineral owners do not understand what market value is.  The market value for mineral rights is what a buyer is willing to pay today for your mineral rights.  You cannot expect a mineral buyer to pay for what might happen in the future.

A lot of mineral owners will say things like, “we all know the price of oil will be higher in the future” or “when they drill a new well” or “when that new pipeline is finished” to justify their asking price.  This is not reality.  You cannot sell mineral rights above market value simply because they might be worth more in the future.

Oil and gas is boom or bust!  We have seen areas explode in value within just a couple years, only to implode in value just a few years later.

What matters is what your mineral rights are worth today.  A mineral buyer will take a long term approach to investing in mineral rights, but they do not ignore the current price of oil, current royalty income, and other factors that determine the value of mineral rights.

Flush Production and Decline Curves

If you recently started receiving oil and gas royalty income from new production, you need to understand what a decline curve is.  Depending on your location within the United States, the steep portion of the decline curve varies from 3 years to 5 years.

When an oil and gas well is first drilled, there will be an extremely large amount of oil and gas production at the beginning due to fracking.  Fracking enables us to quickly extract a large amount of oil and gas during the first few years.  After the first 3 to 5 years have passed, the income will start to level out over time at a much lower level than it was in the previous years.  From there, it will slowly decline over the next several decades.

Flush Production
Yearly Royalty Income from New Well

If you decide you want to sell mineral rights while your well is in “flush” production during the first few years, you need to understand that the offers will appear to be low.  The reason is that you may have received $25K the first year, but that number is going to rapidly decline over the next few years.

Another common mistake we see related to this is when a mineral owner decides to sell in year 3 to 5.  After the first few years of very high check stubs, a mineral owner will look back at some of the offers they got.   If you got an offer for $100,000, and then collected another $75,000 in royalty income, a mineral buyer is not going to pay the $100,000 they originally offered.   Once the oil comes out of the ground it is gone forever!

Remember, the value of your mineral rights is based on what a buyer is willing to pay today for your mineral rights.

Avoid Common Mistakes by Listing at US Mineral Exchange

When you list your property at US Mineral Exchange, we help you avoid common mineral owner mistakes.   We guide you through the entire process and ensure that you get maximum value when you sell.   We are industry experts who can help get your property in front of the right audience.  These buyers will compete against one another to pay you the highest value for your property.    If you are interested in moving forward with a standard listing or auction listing, please fill out the form below.

Contact US Mineral Exchange:

If you have questions about your mineral rights, we’re here to help!  We speak with mineral owners every day and we look forward to hearing from you.  Please don’t hesitate to fill out the form below with any questions and our friendly team will respond quickly.

Free Consultation

Free Consultation

    Your Name

    Your Email

    Phone

    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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