If you are thinking about selling your oil and gas mineral rights, there are a few things you need to know about the process. You need to know your legal rights, and you need to know what minerals you are selling. If you have any questions, you should contact an attorney before you sign any paperwork. Here are a few more important things you should know about the process.
The buyer will want to know more about the minerals that are underneath your property. Minerals are more than precious metals. Owning Texas mineral rights can include oil and gas production. Some minerals are only found in certain regions. You could have several minerals beneath your property. Research the area to find out what minerals are common in your town.
You need to know if you own the land before you start looking for a buyer. If your deed has exclusions and limitations, you need to speak with a title examiner. The title examiner can verify your mineral ownership rights. Unfortunately, not all buyers are honest. If the offer sounds too good to be true, it might be a scam. Read the contract several times. If you have any questions, contact an attorney before signing any documents or cashing any checks.