Guide to Mineral Rights Ownership in 2020

What a crazy year 2020 has been so far!  If you own mineral rights you need to check this article out.  In it, we’ll break down everything you need to know about mineral rights ownership in 2020.

Our company has been helping mineral owners since 2012.   We understand the mineral rights marketplace better than anyone.  We will share insider knowledge of what the industry expects and how that will impact you as a mineral owner.

If you still have questions after reading, fill out the contact form at the bottom of this page.  We respond to nearly all inquiries within just an hour or two so we can quickly get you an answer to your question.

Whether you want to sell mineral rights, obtain a value for mineral rights, are curious about the tax impacts of mineral rights ownership, or simply want to stay up to speed, we can help you navigate mineral rights ownership in 2020.

This guide will cover the following topics related to mineral rights ownership.  If you want to skip ahead, just click on the links below to skip to that section:

By the end of the article, you’ll have a clear understanding of the mineral rights market today!

Oil and Gas Market Update for Mineral Owners

To say the oil and gas market this year has been extremely volatile would be an understatement.   We have seen oil prices briefly trade negative.  Demand for oil has plummeted.  Mineral owners have been left wondering what all of this means for their mineral rights.

Why oil prices went down in 2020

The price of oil is all about supply and demand.  This is economics 101!   In 2020 we saw a massive decline for oil.  This was caused by Coronavirus which killed air travel.  Did you know the air travel accounts for 44% of oil demand?  This means that for every barrel of oil we produce, nearly half of that barrel will turn into fuel for a plane.  Air travel has plummeted dramatically in 2020.  Air travel alone would cause a major problem for oil demand, but there are also a large number of people working from home.  People are skipping family vacations as well.  This further reduces the demand for oil.

At the same time that demand for oil is going down, OPEC has largely disagreed on cutting oil production.  Each member of OPEC wants to retain their market share so they do not want to cut.   This means we are still producing a large amount of oil globally.

The supply of oil is higher than the demand, so prices crashed.

Where will oil prices go from here?

No one can predict where oil prices will go from here, but it’s safe to assume that oil prices will move up to $40+ at some point.

Why? For most oil and gas operators they simply don’t make money at anything less than $40/barrel.  This varies largely by operator, but with oil prices under $40/barrel it is only a matter of time before they go bankrupt unless prices recover quickly.

Long term, we believe oil will be range bound in the $40 to $60 range.  The reason is very simple.  If oil drops below $40, many oil and gas operators won’t be profitable and will fold.  This decreases supply and prices will move up.   As we move above $60, many locations in the US are profitable.  Companies will produce more about $60 since it’s more profitable.  This will lead to increased supply which will eventually drive prices back down.

No one knows where the market will go, but long term we believe oil will hover in the $40 to $60 range, with dips below $40 and surges above $60 before falling back into this range.

Insider Knowledge: Notification Letters, Shut in Wells, & Bankruptcy

We have heard from a large number of mineral owners that they have been getting notifications regarding shut in wells.  Many operators are using the force majeure clause to shut in the wells.  The force majeure clause allows operators to shut in wells due to circumstances beyond their control.  As a mineral owner, there is nothing you can do about this situation.  This is why it’s risky to own mineral rights.  You have no control over what happens.

What many mineral owners don’t realize is that by shutting in the well, the production may be negatively impacted in the future.   If your well was producing 1,000 barrels a month, it may only produce 750 barrels a month after it’s been shut in.   A lot of mineral owners were caught off guard when they stopped getting royalty checks.  What’s worse is that when their checks resume they likely will be much lower than they were before.

We have also been hearing from a number of sources that more bankruptcies are coming soon.  This may seem obvious, but after speaking with many in the industry we believe a wave of bankruptcies will occur in the near future unless oil prices rise dramatically.   This may seem like a big problem, but for mineral owners the impact is minor.  Companies continue to operate wells through bankruptcy.

What about Gas Prices?

Let’s take a look at the 5 year chart for natural gas prices.  While gas prices have taken a hit in 2020, they are not down nearly as much as oil prices have been down.

Natural Gas Prices - 5 Year Chart

Impact on Mineral Owners

What does all of this mean for mineral owners in 2020?

We have seen a huge rush in mineral buyers looking to buy mineral rights.  However, most of these mineral buyers are looking for a deal due to low prices.    We’ll dig further into what mineral buyers are doing in 2020 below.

If you currently receive oil and gas royalty checks, it’s possible that you may get a notice soon that they will be shutting in your well.  If they do, this could lead to lower royalty income in the future when they turn it back on.

If you own mineral rights that produce oil royalties, it’s likely that mineral rights offers you were seeing just 6 months ago will have gone down substantially.  Mineral buyers are adjusting quickly to the new lower oil price environment.   We recommend waiting to sell mineral rights until we see oil back above $40/barrel.   However, if you are in a situation where you need to sell mineral rights, getting the best price is now more important than ever and our company can ensure you get the best price.

If you own mineral rights that produce gas royalties, there is actually more demand and better pricing. Mineral buyers are making a push toward gas royalties.  If you have gas royalties now may be a good opportunity to sell your royalties and realize a better price than you would have before.

Types of Mineral Rights Ownership

Before we dive in, it’s important to define what types of mineral rights ownership you could have.  Mineral rights ownership can be complex.  There are a number of different ways to own mineral rights.

At the most basic level, mineral rights ownership is simply owning oil and gas that is beneath the surface.  This ownership is generally measured on a mineral acre basis.  A mineral acre roughly aligns to a surface acre.   For example, if you owned 1 acre of surface rights that included mineral rights, your ownership in the oil and gas would be measured as 1 mineral acre.

Where things get confusing is when ownership gets split up.  Typically the mineral rights are not owned by the same person as the surface owner.   In addition, you have the ability to sell different depths, overrides, non-participating interests, etc which makes mineral rights ownership much more confusing.   The value of mineral rights depends on many factors and the type of ownership you have is one of them.

Tip:  On your check stub, your interest type should be defined.  Typically by an RI, NPRI, ORRI/OR, etc so you can quickly determine what type of ownership you have.

Mineral Rights Ownership Types Explained

RI – Royalty Interest

The most basic type of mineral rights ownership is a royalty interest (RI on check stubs).  A royalty interest owner has all rights and authority to the mineral ownership they have.

NPRI – Non-participating Royalty Interest

An NPRI is when you own the mineral rights, but you do not have a right to lease the mineral rights or collect a lease bonus payment when the mineral rights are leased.  You also do not collect rental payments.  With an NPRI interest, you effectively have the same ownership as a royalty interest but you don’t get to negotiate your own lease or collect lease bonuses.   See executive rights below for more information.

Executive Rights

The executive rights are the rights to negotiate a lease.  With an NPRI interest, you don’t have the rights to lease as those rights are owned by the person who has the executive rights.   The person with the executive rights will negotiate the lease and collect the lease bonus.   If you own the executive rights, you have an incentive to negotiate the worst lease terms possible for mineral owner.  The reasons is that you will get a higher lease bonus.  For example, if a company approaches you to lease and offer $1,000/acre for a 25% lease or a $2,500/acre for a 12.5% lease, you would take the $2,500/acre lease bonus with a 12.5% royalty.  Since the NPRI owner will collect the royalties, you don’t care if it’s a 25% lease because you won’t get the royalty income.

ORRI – Overriding Royalty Interest

An overriding royalty interest (ORRI or OR on check stubs) means that you have a right to the royalty income, but you have no mineral rights ownership.  An ORRI is created when a lease is signed.  For example, let’s say ABC Lease approaches you and you agree to lease your mineral rights at 20%.  ABC Lease then approaches XYZ Operating and leases your mineral rights to them for 22%.   ABC lease has just created a 2% ORRI for themselves based on any production from the lease.  If XYZ Opearting drills a well, the mineral owner will get 20% of the royalty income and ABC Lease will get 2%, while the operator takes the remaining 78%.  When the lease expires, so does the ORRI.

WI – Working Interest

If you own a working interest, you are participating with the operator as a partner in drilling the well.  Think of Working Interest as being an owner in a company, but instead of a company, you own an oil and gas well.  As an owner of the company, you are responsible for all the drilling, completion, and operational costs.  Each month you will be entitled to your share of the income from operations, but also your share of the expenses.  A working interest is substantially more risk.  At some point, the revenue being generated by the wells is less than the expenses.  In this case, you actually owe money each month to keep the well operating even though it’s operating at a loss.

Status of Mineral Rights Ownership

Above we have explained the different types of mineral ownership you can have.  Regardless of what type of mineral rights ownership you have, the status of your mineral rights can be different.  Mineral rights fall into one of three categories.

Non-Producing Mineral Rights

Everyone starts out with non-producing mineral rights that are not actively leased.  These types of mineral rights have very little to no value at all.  Until you are approached by an operating to lease the mineral rights, it would be very difficult to find a mineral buyer.

Leased Mineral Rights

Before a well can be drilled on your mineral rights, they must first be leased.  A mineral lease gives a company the right to drill for oil and gas.  You will be approached to lease your mineral rights before drilling occurs.  Typically a company will offer a 3 or 5 year lease.  The lease will also include a royalty percentage which is your share of the oil and gas income.  The higher your royalty percentage, the more money you will make as oil and gas is produced.  The company who leases your property will also pay you a lease bonus for signing this agreement.  A lease bonus could be anywhere from $50/acre to $7,500+/acre.

Producing Mineral Rights

After your mineral rights are leased, the company has the right to drill and start producing oil and gas.  If this occurs, you now have producing mineral rights.  Each month you will get a check for your share of the production.  The amount you get will be based on the price of oil or gas, your royalty percentage, taxes, expenses, etc..

Mineral Rights Value in 2020

One of the most challenging things about mineral rights ownership is understanding value.  The market value of mineral rights changes constantly.  In addition, there is no clear way to determine the value of mineral rights.

Many mineral owners believe that mineral rights are like a home. You can quickly check some type of service like Zillow or Redfin, and determine mineral rights value.  It’s simply not possible.

If you want to learn about mineral rights value, carefully read the sections below.  We will explain everything you need to know about how to value mineral rights.

Factors Affecting Mineral Rights Value

The first thing to understand is that mineral rights value is determined based on many factors.  In addition, each individual factor can swing the value of mineral rights by 10%, 20%, or even 30%+ very quickly.

Imagine there was only one factor that affected mineral rights value.  Let’s take oil prices as a good example.

As the price of oil swings up and down, the underlying value of your mineral rights also swings up and down.  Your mineral rights are generally valued based on the number of barrels of oil underground times the current price.   We recently saw oil prices drop substantially to below $20/barrel and then recover to around $35/barrel as of this writing.  For the last few years, oil prices have been in the range of $40 to $60 barrel pretty consistently.

With just this one factor, the value of your mineral rights can swing by well over 30%!

In addition to oil prices, here are some other factors that can easily swing the value of your mineral rights:

  • Nearby Production

  • Remaining Wells to be Drilled

  • Active Permits

  • Mineral Buyers

  • Politics

  • Royalty Percentage

  • Price of Gas

  • Operator

  • Lease Terms

  • Age of Existing Wells

Any one of the factors above could swing the value of your mineral right substantially.  This is why you need competitive bids for your mineral rights.   Your goal is simple, to get the highest price today based on all of these current factors.   When you sell mineral rights at US Mineral Exchange, we can help you get the property in front of thousands of mineral buyers to ensure the best price.

Market Value of Mineral Rights

While there are many factors that affect mineral rights value, what ultimately matters is the market value of mineral rights.  Market value is what a mineral buyer is willing to pay TODAY for your mineral rights.  

We talk to a lot of mineral owners.  One of the most common things we hear mineral owner say is, “oil prices will eventually go up, so I want a premium price”.   That’s not how market value works!

Imagine owning a home.  The home is in a bad neighborhood, and needs major rehab to get that home back into good shape.  If you were selling the home, would you expect to get the same price for your house as a house that was recently renovated that’s in an A+ neighborhood?  Of course not!  Imagine trying to convince a buyer that the home will be worth more in the future when the neighborhood gets better and they drop $100K into a rehab.  They would laugh at you!

Mineral owners do this all the time.   They expect to receive a value today based on what the mineral rights might be worth years from now.

The most important thing to understand about mineral rights value is that your mineral rights are worth what a buyer is willing to pay today.  Period.  Rumors about more wells being drilled, oil prices heading higher, new pipelines, or anything else is simply speculation.

If you want to sell mineral rights you need to be willing to accept the best market price available.  At US Mineral Exchange that is exactly what we do. We get your mineral rights in front of thousands of mineral buyers to ensure the best price.  If you sell mineral rights on your own by taking the shotgun approach, you’re almost always going to sell below market value.

How to Estimate Mineral Rights Value

Another common question we get from mineral owners is how to estimate mineral rights value.  It’s important to understand that the best indicator of market value is an offer.  An offer from a legitimate mineral buyer will always be a better estimate of mineral rights value.

We see a lot of mineral owners get 2 or 3 offers and then assume the highest one is fair market value.  Don’t fall into that trap!  While offers are a good estimate of mineral rights value, it doesn’t mean the highest offer is really the best price available.

With that in mind, below is a good rule of thumb for mineral rights value.  Keep in mind that the status of your mineral rights we described above will play a role in value.

  • Non-Producing Mineral Rights:  If you have mineral rights that are not currently leased or producing royalty income, you have non-producing mineral rights.  Unless you have had a recent offer, the value of these mineral rights is likely very low.  Typically in the range of $0 to $100/acre for non-producing mineral rights.
  • Leased Mineral Rights:  In the past, mineral rights value for leased mineral rights has fallen in the range of 2x to 3x lease bonus.   With Coronavirus causing the oil market to go crazy, this range may be on the high side.  The reason is that leased properties will likely not be drilled on due to Coronavirus which hurts the value.
  • Producing Mineral Rights:  While there are many factors that play a role in producing mineral rights value, you can expect to get about 4 years to 6 years times your average income.   Take your last 3 royalty checks and find the total, then divide that number by 3 to get your average monthly royalty over the last 3 months.  You can expect to get 4 years to 6 years times this amount.  There are many factors that will cause you to get more or less than this range.

Received an offer?  If you received an offer to sell mineral rights and it falls in the range (or even above!) what we are showing, do not accept the offer.  The estimates above are just a general rule of thumb for mineral rights value.   The only way to get the best price is through competition.

To learn more about what your mineral rights might be worth, check out our estimate mineral rights value page.

Maximizing Mineral Rights Value

We have talked a bit about market value and estimating value, but how do you actually sell mineral rights for maximum value?  The key is competition!

A lot of mineral owners take the shotgun approach to selling mineral rights.   They reach out to a few buyers online, receive a few offers in the mail, negotiate a deal, and assume they got a fair price.  This is not the way to get the best price.

Mineral buyers all evaluate your property differently.  Each buyer has a unique formula they use to come up with value.  Remember the factors we mentioned above?  All of these + many more are used to come up with an offer.  With all these factors coming into play, the offers will vary widely.  You may have noticed that yourself based on offers you have received in the mail.

The key to getting maximum value when selling mineral rights is competition.  You need to get your mineral rights in front of thousands of buyers.  This is the only way to ensure you sell for the best price.  You may be happy with a $250,000 because that’s a lot of money, but what if it was worth $300,000.  When you accepted that $250,000 offer you may have been happy with it, but you left $50,000 on the table.

To ensure you sell mineral rights for the best price possible, you need multiple buyers bidding on your mineral rights.  By forcing these mineral buyers to compete for your mineral rights you gain the upper hand.  When you list at US Mineral Exchange, we get your mineral rights in front of thousands of buyers to ensure you sell for the best price.  Already have an offer?  No problem.  If we can’t get you a higher price we don’t make a dime.

Mineral Rights Appraisals

A lot of mineral owners are looking for a mineral rights appraisal.  You may be trying to determine your tax basis for inherited mineral rights or figuring out if you qualify for medicaid, but whatever the reason you should be cautious.

Mineral rights appraisals are virtually worthless in our opinion.  Why?  A mineral rights appraisal will almost never match up to the reality of the market.  These estimates of value look at the EUR or estimated useful reserves.  Then they estimate oil prices and all the other factors listed above.  Then they try and tell you what the market value of these mineral rights might be.  They are always wrong and nearly always too high!

Paying for a mineral rights appraisal is a waste of money in most cases.  Only a true offer from a mineral buyer can give you a good idea of what the property might be worth.  Only listing at US Mineral Exchange will show you the absolute market value of mineral rights.

Understanding Mineral Buyers

Who are Mineral Rights Buyers

Mineral buyers come in many shapes and sizes.  It depends a lot on the value of your mineral rights.   If you are selling a $25,000 property, the buyer might just be a wealthy individual with some mineral rights ownership experience.  If you are selling a $500,000+ property, the mineral buyer will typically be private equity backed.

Private equity backed mineral buyers typically get a lump sum of money to invest each year.  These mineral buyers are very sophisticated and thoroughly understand the investments.  Even still, private equity backed mineral buyers will have a wide range in what they are willing to offer.  Some mineral buyers take on more risk and pay higher prices.  Some are very focused on buying mineral rights in a certain area and will pay a high price if you fall within their area.

A lot of mineral owners think that the operator, who pays you royalties, would be a potential mineral buyer.  While operators do sometimes buy mineral rights they often do not pay fair market value.

Why Mineral Buyers Buy Mineral Rights

There are three types of mineral buyers.   A lot of mineral owners end up working with a flipper or sell for profit mineral buyer.   Doing so will cost you thousands of dollars or waste significant time.   There are obvious signs you are working with the wrong type of mineral buyer if you know what to look for.

Flippers – We hesitate to call flippers mineral rights buyers.  Flippers typically have no money.  A flipper will make you an offer for mineral rights but they have no intention of actually buying your mineral rights.  They also likely can’t afford to buy them.  Instead, these “mineral buyers” will claim to be buying your mineral rights and get you to sign a contract agreeing to a certain price point.

Let’s assume a flipper got you to agree to $2,500/acre.  That flipper will then go out to other actual mineral buyers and then try and ‘flip’ the contract.  They will find a real buyer who wants to buy your mineral rights for $3,500/acre.  If they are successful, you just paid a 40% commission rate!

Would you sell your home if the broker wanted 40% to list the property?  Heck no!  If they aren’t successful, they wasted your time and set the expectation that your mineral rights are worth more than the market was willing to pay.

Sell for Profit – There are a large number of mineral buyers who do have the funds to actually purchase your mineral rights.  However, they still turn around and sell quickly for a profit. A lot of mineral owners make the mistakes of thinking, “Well I don’t care what they do with it after I sell”.   You should care because you might be leaving a huge amount of money on the table!

Consider this.  We have a number of mineral buyers who buy mineral rights from you and then come list with us.

We have literally talked to mineral owners in the past who wouldn’t list because they want to take the shotgun approach.  A short time later, a mineral buyer approaches us and wants to sell the exact property of the mineral owner we just talked.  We end up selling the property and the mineral buyers makes a hefty profit.

Why does this happen?  The mineral buyer can buy from you at a lower price (with no competition), then come list the mineral rights with us and get a better price and make a quick profit.

Why shouldn’t that be you getting the higher price?  When you sell mineral rights on your own, you risk leaving a lot of cash on the table.

Long Term Hold – As a mineral owner, your goal is to find a true end buyer.  A mineral buyer who does not want to turn around and sell the mineral rights. They want to own the mineral rights for the long term, and therefore, will pay the best pricing.

A lot of these private equity backed mineral buyers do not market! They rely on services like ours to bring them deals.  Some of them don’t even have a website!

Can you tell the difference?  Mineral buyers are experts at convincing you they have the best deal.  A lot of mineral owners go under contract with a flipper or sell for profit mineral buyer and never realize they were taken advantage of.  To get maximum value, you need to work with a true end buyer.  At US Mineral Exchange, our process is designed to ensure you only work with long term hold mineral buyers.

Mineral Buyer Red Flags

We don’t recommend taking the shotgun approach to selling mineral rights, but if you do here are just a few of the red flags to look out for:

  • Short Deadlines:  Any buyer who wants you to make a decision within a few days should be concerning.
  • Long Closing:  If a mineral buyer needs more than 30 days to close, this is a red flag.  There are some cases where it is warranted.
  • Insane Values:  Did you get an offer far above any offer you have ever seen?  This could be a flipper just trying to get you to pick up the phone.
  • High Pressure:  If the mineral buyer a high pressure sales person?  Legit mineral buyers will not put a lot of pressure on you.
  • No Basis:  Did you get an offer in the mail with no basis for the offer?  IE just a number with no indication of how many acres you own, your royalty income, etc?

These are just a few of the many red flags to look out for with mineral buyers.  Mineral buyers have a lot of tricks up their sleeve to convince you to sell.  It’s easy to fall into their trap if you don’t know what you’re doing.

At US Mineral Exchange we can help you navigate around the bad mineral buyers and find the legitimate mineral buyers.

How to Find Mineral Buyers

If you want to find mineral buyers there are a lot of ways to do it.  Once again, we don’t recommend selling mineral rights on your own.  You will nearly always sell far below market value.

  • Letters in the Mail –  A lot of mineral buyers will send you letters in the mail.  Some of these companies are legitimate.  Many of them are not.  Keep in mind that a lot of mineral buyers don’t advertise.  They rely on US Mineral Exchange to bring them deals.

  • Online Mineral Buyers –  A lot of mineral owners will try and find mineral buyers online.  If you go this route, it’s important to understand that anyone can set up a good looking website.  Figuring out which mineral buyers are legitimate is not easy.  In addition, there are thousands of mineral buyers.  You could spend days going through Google trying to find mineral buyers.  The problem is that you would see less than 1% of the mineral buyers out there, would need to navigate around the bad mineral buyers, and then need to understand how to close the transaction without being taken advantage of.

  • Attorney – Many people look at attorney’s as a trusted avenue to sell mineral rights.  Do not sell mineral rights with an attorney.  Why? Simply put, they will not get you the best price.  An attorney may have a few mineral buyers they work with, but they simply don’t have the connections to help you sell mineral rights for the best price.  With that said, having an attorney review closing documents is perfectly fine and we would never recommend against having an attorney review legal documents.  Just keep in mind that many attorneys have not closed many (if any) mineral rights transactions.  There are a lot of tricks that your attorney may not fully understand.

  • Direct Phone Calls –  Some mineral buyers will call you directly.  Be cautious.  Many of these mineral buyers will put a lot of pressure on you to sell.  If they can convince you to sell via a phone call, they know that you likely have no competitive offers. Mineral buyers who purchase through phone calls usually get excellent deals, but you end up getting a lot less money.

  • Mineral Rights Broker-  The absolute best way to find mineral buyers is through a mineral rights broker.  Why?  A mineral rights broker can quickly connect you to thousands of mineral buyers.  There is no way to get your mineral rights in front of some buyers unless you go through a broker.  A mineral rights broker knows how to weed out bad mineral buyers.  A good mineral rights broker will also help you through the closing process.  However, use caution when selecting a mineral rights broker.  More on that below.

How to Choose a Mineral Rights Broker

The best way to sell mineral rights is through a mineral rights broker.  There are two simple reasons for this:

  1.  Price:  You will get a higher price due to exposure to thousands of mineral buyers.
  2.  Closing:  A good mineral broker knows the tricks that mineral buyers play.  A good mineral broker will navigate those pitfalls saving you thousands of dollars.  In addition, a good mineral broker will have an escrow process in place to protect you.

Find out how to select the best mineral rights broker using the information below.

Mineral Buyers Disguised as Brokers

For obvious reasons, we can’t put down the names of any specific companies.  However, there are a lot of “mineral brokers” who are actually mineral buyers.  Some of these companies do not appear to be mineral buyers at all so it is very difficult to tell.  These mineral brokers will get you to list with them and then sell to a company they have an interest in.

If the broker has an interest in the company that is buying your mineral rights, do they have an incentive to get you the best price or the lowest price?  Obviously, they want to put you under contract at the lowest price point possible.

Understanding Commission Rates

At US Mineral Exchange we charge a flat 6% commission rate similar to a real estate transaction.   Mineral buyers will pay us this commission rate so there is no direct cost to you for listing.  In addition, we don’t get paid unless we can find you a higher price than an existing mineral rights offer you have in hand.

It’s important to understand commission rates before you sell mineral rights.  If your broker is not charging you a commission rate this means one of two things:

  1. They are the buyer
  2. They are getting a lot more than 6% by flipping your property to an end buyer

Both of these are bad for you.  You want a mineral rights broker who has a clearly defined commission rate.  There is nothing wrong with a mineral broker getting paid by helping you get a higher price.  You just want to ensure that they aren’t getting a crazy 40% commission rate like the example we used above when we talked about flippers.

We have heard from a number of mineral buyers who pick a broker based on commission.  We set the industry standard at 6%.  Some mineral brokers undercut us by a percentage.  You may save 1% on commission, but if you get a price that is 10% worse you actually lost 9% instead of saving 1%.  The mineral broker you select makes a big difference in the value you will get.  Lower offers or a mistake at closing will cost you far more than 1%!

Mineral Rights Broker Red Flags

There are a number of red flags to look out for when selecting a mineral rights broker.

As you consider your options, take a look at the list of red flags below.  Carefully evaluate the website of the mineral rights broker you are considering.  If you see any of these red flags proceed with caution:

No Listings

The most obvious red flag for a mineral rights broker is that they don’t have any actual listings.

This seems obvious, but many mineral owners fall into this trap.  How can a mineral buyer be effectively marketing your mineral rights if they don’t have listings?  How can potential mineral buyers view your property?  If there are no listings publicly available on the website, the mineral broker is not going to be effective.  Without exposure to buyers you will get lower offers.

False Claims

At this point every mineral broker claims to have thousands of mineral buyers.  Some claim to have tens of thousands of mineral buyers.  Did you know that you can buy a list of oil and gas industry professionals that has over 100,000 emails on it for just a few bucks?  You can then claim that you have thousands of mineral buyers.

US Mineral Exchange has been in business since 2012, which is far longer than most mineral brokers.   Over that time, we have attracted thousands of mineral buyers to our website.

What sets US Mineral Exchange apart is that we have thousands of registered mineral buyers who have an account with us that are currently active.  Having an email list of oil and gas industry professionals does not mean a mineral broker has thousands of legitimate end buyers.

Information / Education

Another obvious sign to look for is the amount of information and education provided.  If you take a look around at most mineral rights brokers, they have very little information.  A few pages on their blog that go over the basics, but no real in depth content that really helps mineral owners.

Whether you sell mineral rights at US Mineral Exchange or not, we provide information that will help you.   Spend some time evaluating a mineral rights brokers website and look for signs they have put significant time and effort into helping mineral owners.

Exclusive Mineral Rights Focus

Some mineral rights brokers are not focused exclusively on mineral rights. They handle other types of mineral rights such as coal, wind, solar, cell phones, music rights, etc..  A broker who is specialized in mineral rights will get you a better price.

Why?  A buyer who purchases wind rights is not going to be the same buyer who purchases oil and gas mineral rights.  A mineral rights broker that isn’t focused exclusively on mineral rights is highly unlikely to realize the best price.   They will have a smaller pool of buyers.  They will not understand the pitfalls specific to oil and gas.  They may not have a robust closing process based on years of experience closing.

At US Mineral Exchange we are focused exclusively on oil and gas mineral rights and exclusively on helping mineral owners get the best deal.

Value Estimates

Be wary of any mineral rights broker who claims they can provide you with a value for your mineral rights.  It can’t be done.  We’ve taken deals to a number of appraisal services to have them evaluate deals we already completed.  They were wrong, by a lot.

The only way to determine mineral rights value is to sell.  When you sell mineral rights in an open marketplace with competition, you’ll determine the true market value and sell.  Any estimate prior to getting competitive bids is an educated guess.

If a mineral rights broker gives you an estimate with a huge range it provides no value.  Imagine your real estate agent told you that your home is worth between $250,000 and $750,000.  How is that estimate useful?  It’s not!   While we can use some general rule of thumb estimates in mineral rights value, anything beyond that is just pure speculation.

Proven Experience

As quality websites become easier to set up quickly, a large number of mineral rights brokers have shown up.   Since 2012, US Mineral Exchange has seen a lot of mineral rights brokers come and go.  Many set up shop with a decent looking website, convince a few unsuspecting mineral owners to list, and then close up shop after a few bad deals.

It takes years of experience to build a buyer network, understand how mineral buyers operate, and how to successfully protect mineral owners through the process.

At US Mineral Exchange we have been helping mineral owners sell mineral rights since 2012.  We started for one simple reason.  Mineral owners were being taken advantage of and we wanted to level the playing field.   We know exactly how to help you sell mineral rights for maximum value and ensure a smooth closing process.

Before listing anywhere else, ask them how long they have been selling mineral rights.  When selling mineral right, experience matters.  You need an experienced broker who knows how to get you the best deal.

How to Pick a Mineral Rights Broker

When selecting a mineral rights broker pick one with the following qualities:

  • Listings –  Pick a mineral rights broker who clearly displays their listings.  A dedicated listing platform to market your properties online is necessary to get competitive bids.  This is the only way to ensure the best price.
  • Buyer Network –  A quality broker has connections with thousands of mineral buyers.  However, the best broker will also know how to weed out the flippers so you end up with true end buyers.   At US Mineral Exchange, we know how to properly qualify buyers.  This ensures you only work with legitimate high quality mineral buyers.  In addition, we work with thousands of buyers to ensure the best possible price.
  • Communication –  A mineral broker should be easy to get a hold of quickly.  When you send an email do they respond quickly?  At US Mineral Exchange we respond within hours to inquiries and phone calls, and immediately to our listed clients.
  • Experience – Take the time to figure out how long a mineral broker has been in business.  In just the last few years there has been a surge of mineral brokers offering to help you sell mineral rights.  As setting up a decent looking website has become much easier, a lot of mineral brokers with no experience, no buyers, and no ability to ensure the best deal for you have jumped in.  US Mineral Exchange has been in business since 2012.
  • Closing Process –  Does your mineral rights broker have a clearly defined closing process?  We do.  A good mineral rights broker knows to walk you through the transaction from start to finish.

How to Sell Mineral Rights in 2020

If you want to sell mineral rights US Mineral Exchange can help.  Our company is dedicated to protecting mineral owners.  We want to help you sell mineral rights for the highest price possible.   A lot of mineral owners end up selling far below market value.  Don’t let that be you!

How to Sell Mineral Rights for Maximum Value

The only way to get maximum value when selling mineral rights is to create competition.  Without competition, you will always sell mineral rights below market value.  This is true whether you sell them yourself or partner with US Mineral Exchange.

You need mineral buyers competing to pay you the highest price for your mineral rights.   You basically have two options when selling mineral rights:

1. Sell Mineral Rights yourself by taking the shotgun approach.  The shot gun approach is when you reach out to a few buyers and hope you get a fair price.

When you sell mineral rights on your own, you will end up selling below market value.  The reason is that you simply can’t connect with enough mineral buyers.  There are thousands of mineral buyers.  Getting in front of the right buyers without a marketplace like US Mineral Exchange simply isn’t possible.  There is nearly always a mineral buyer who will pay a higher price.  When you find buyers on your own you miss 99% of the mineral buyers.

After you find a buyer, you will then need to navigate the closing process alone.  Most mineral owners end up being taken advantage of in the closing process.  If you don’t understand the contract your offer can be adjusted at closing.

Selling mineral rights using the shotgun approach is literally shooting yourself in the foot!

2. Selling mineral rights at US Mineral Exchange.  When you sell mineral rights at US Mineral Exchange you get access to thousands of mineral buyers.  More importantly, you’ll be working with experts who know how to identify shady mineral buyers.

We can help you quickly get your mineral rights in front of the right mineral buyers which creates competition and ensures the best price.  Our closing process will ensure you are protected every step of the way.

If you need to sell quickly and you have an offer to sell mineral rights in hand, consider a mineral rights auction.  We can auction your mineral rights in just 7 to 14 days.

If you decide to sell mineral rights yourself, please understand that you are extremely likely to sell below market value.

We understand that you don’t want to lose the offer in hand.  We understand that listing mineral rights is an extra hoop to jump through.  It will be worth it!  We will help you maximize the value of your mineral rights and get the best deal possible.

Set Realistic Expectations when Selling Mineral Rights

When selling mineral rights it’s very important to set realistic expectations.  A lot of mineral owners are not realistic about market value.  Your mineral rights are worth what a mineral buyer is willing to pay TODAY.

When you are willing to accept fair market value for your mineral rights we can help you sell quickly and get the best price.  You simply need to be willing to accept what the market is willing to pay.  We’ll find you the best price, but it’s up to you to accept the best market price available.

Gather Documentation to Sell Mineral Rights

Before you sell mineral rights at US Mineral Exchange we need some documentation.   We get it.  Pulling together documentation is not fun!   However, if you want to get maximum value when you sell mineral rights it is necessary.

Imagine selling a home.   The buyer can’t come visit the home in person so you need to present your home in the best way possible.  You pull together some professional photos.  You walk around the house and take a video.  You pull together some facts about the house to help the potential buyer see the value in your home.  This would provide the potential home buyer what they need to determine if they want to buy your house.

It works the same way with mineral rights.  We need certain information to properly market your mineral rights to ensure the best price.   If you want to get the best price, pulling together the documentation is important.

See what documents we need to market your mineral rights effectively at our required documents to list page.

Sell Mineral Rights at US Mineral Exchange

Selling mineral rights is overwhelming.  This is a subject that most people simply aren’t familiar with.  It’s not your fault!

At US Mineral Exchange, we can help you navigate the process.  We’ll stand beside you each step of the way to ensure your interests are protected.  We’ll make sure you get the best price and also make sure the closing process goes smoothly.

If you are interested in selling mineral rights fill out the form below.  We’ll help answer any questions you have and help you get the process started.

Free Consultation – Mineral Rights Guide

Phew! That was a lot of information!

If you still have questions about mineral rights value, how to sell mineral rights, how to find mineral buyers, or anything else at all please don’t hesitate to reach out to us.

We enjoy hearing from mineral owners and we are happy to answer your questions.   We typically respond within just a few hours and look forward to hearing from you!

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.

    DOWNLOAD

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    Client Reviews

    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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