What to expect after listing mineral rights

Many mineral owners are curious about what to expect after listing mineral rights for sale.   Our goal is to make the process of selling mineral rights extremely transparent.

Here is what the process looks like from start to finish:

Sell Mineral Rights Process

How Long Does it Take?

One of the most common questions we get is about timing.  How long will it take to sell my mineral rights?

Once we list your mineral rights for sale, we will typically have offers on your property within 1 to 3 weeks.   Most mineral owner are under contract (PSA) within just a few weeks.

Offer in hand?  Does your current offer have a short deadline to accept?   This is a common trick mineral buyers will play.  Mineral buyers DO NOT want you to get competitive bids.  Why?  They know that their offer is likely not going to be the best in a competitive market.  Mineral buyers put short deadlines on offers in an attempt to buy mineral rights below market value.   Don’t fall into this trap!

We understanding that listing is an extra step in the process.  However, over 95% of mineral owners who list with us walk away with more money.

PSA – Purchase and Sale Agreement

Once a price has been agreed upon with a standard listing or an auction ends with a winning bidder, the next step is a PSA.  The mineral buyer will provide the PSA.  The PSA, or purchase and sale agreement, specifies all the terms of the deal.  The amount to be paid at closing, terms for adjusting the price, time allotted for due diligence, and other key details about the transaction will be included in the PSA.

At US Mineral Exchange, we specialize in closing mineral rights transactions.  We know the red flags to look for on a mineral rights PSA.  When we see an issue, we will point it out to you and make a recommendation on how to address it.  We will be there to stand beside you and help you understand all the terms of the PSA to ensure a smooth closing process.

Over 90% of our clients do not hire an attorney.   However, we would never tell you not to have an attorney review the PSA if that would make you more comfortable.  Ultimately, this is a legal agreement between you and the mineral buyer so you are responsible for getting comfortable with the agreement you are signing.  If you do hire an attorney to review the PSA, we will provide our feedback on the PSA and then pass it along to your attorney to make further adjustments and give the final approval.

Once the mineral deed has been signed by both you and the mineral buyer the due diligence period will begin.

Due Diligence

The amount of time given to a buyer for due diligence is typically 30 days after the Purchase and Sale Agreement is signed.   In some places like Texas and Oklahoma due diligence can be completed in as little as 20 days but this is rare.   In other places such as West Virginia it might take 90 days to close a transaction due to complex title requirements in that area.  Before signing anything you will know exactly how long this due diligence period will take.   We push for the shortest possible due diligence period while giving the buyer an appropriate amount of time.  Mineral rights auctions require a 30 day close maximum unless specifically agreed upon between US Mineral Exchange and the mineral owner.

Closing / Escrow

When the mineral buyer has completed their due diligence period, we will move to closing.  The closing process works like this:

  1.  A mineral buyer will provide the mineral deed for signature.  This mineral deed is the document that will actually transfer the ownership from you to the buyer.
  2.  US Mineral Exchange and/or your attorney will review the mineral deed and make any necessary adjustments or changes.
  3.  You will sign and notarize an original copy of the deed.   This mineral deed will then be sent to US Mineral Exchange.
  4.  US Mineral Exchange will hold the deed until the mineral buyer pays the agreed upon price for your mineral rights.

If the mineral buyer never sends the funds, US Mineral Exchange will send the deed back to you and no transaction will have occurred.  If the mineral buyer does send the funds, we have the deed in hand so the mineral buyer is comfortable that they will get the deed after payment has been made.

This process protects both the mineral owner and the mineral buyer.

Questions about listing mineral rights?

If you have questions about listing 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

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    Average amount you receive each month:

    Is the property leased?:

    Do you have any offers?:

    How did you hear about us?:

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

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

    Common Questions

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

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

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

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

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

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

    Imagine you were selling a home.  Would you get the best price from a random person who walks up and makes you an offer?  No way!  Now imagine you list the home on the MLS where thousands of potential buyers know your house is for sale.   The key to getting the best price is competition.  Our guide to selling mineral rights explains everything.

    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

    Marc Payne
    21:00 19 Feb 21
    I needed to sell my mineral rights to pay off a debt, and the people at US Mineral Exchange made that possible. Everyone I spoke with and emailed was very knowledgeable and professional, and they helped me every step of the way. They were also very patient with me, which I appreciate. The final sale price seemed fair, and was certainly more than I could have gotten if I had tried to do this myself.read more
    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