If you are in Texas, before you attempt to sell mineral rights, confirm that you own the mineral rights to begin with. In some cases the surface rights have been severed from the mineral rights. This severance could be by a mineral deed or by reservation deed. Check your deed or go to your courthouse to ascertain your right of ownership. Mineral rights in Texas sometimes go back to the 17th century. A right buyer will approach you only when they have satisfied themselves of your mineral rights. Accept offers only when only the same is offered in writing.
Negotiations for the lease of mineral rights in Texas involve bonus amount, oil and gas royalties - besides the use of water and indemnity against damages. The initial term and renewal are also negotiated. There is a marked difference between leasing and selling of your mineral rights. You must exercise caution and consult an attorney prior to signing the document.
Negotiations for the lease of mineral rights in Texas involve bonus amount, oil and gas royalties - besides the use of water and indemnity against damages. The initial term and renewal are also negotiated. There is a marked difference between leasing and selling of your mineral rights. You must exercise caution and consult an attorney prior to signing the document.
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