Mineral And Leasehold Acquisition
A lot of the largest oil fields in the US and offshore are already tapped to their potential, and so exploration companies are turning their attention to small to large landowners for the opportunity of gaining exploration rights to their lands. Individuals living in Kentucky, Louisiana, Ohio, Pennsylvania, Texas, West Virginia, Oklahoma, Kansas, Texas, New Mexico, Colorado or Wyoming may benefit from the truth their states happen to be listed as having the highest amount of active mineral production in the united states based on the states Minerals Management Service. Lots of people in these states are currently gaining from an oil and gas royalty. You can be one, too.
Smaller fields will be the future of oil production within the US and exploration companies know this. They can be willing to make deals of oil and gas royalties to individuals ready to sell the rights, lease the rights, or sell working interests to their lands. Exploration companies are prepared to take on all the risk for the opportunity of having a producing well or pipeline. Their risk is minimized with a lease and as a consequence selling oil and gas royalties for land lease is a win-win for both parties.
The price of oil has gone steadily upwards. In 2009 $137,000,000.00 worth of gas was produced in the country. The oil and gas royalty rate averages at 12%, meaning that individuals letting their land earned together close to eleven as well as a half billion dollars. That's a whole lot of cash! Selling oil and gas leases also allows the owner to retain their property for the future. Any "loss" so to speak would potentially be on the a part of the Mineral Acquisition exploration company.
Individuals considering selling and oil or gas lease can do research on the web, but ultimately if this is their first time negotiating they're going to desire to have an attorney or broker present to get the most from these potentially profitable deals. For the cost of just a little bit of time you could be among the lucky few making millions off the oil within your own backyard. Isn't that worth a little more research?
Contact the local USGS representatives to view just what the geological surveys within your region point to as far as oil, gas, or minerals. If you are within an area of dense oil, gas, or mineral deposits you may wish to take advantage of this lucrative option.
Do you own property in Colorado, Kansas, Kentucky, Louisiana, New Mexico, Ohio, Oklahoma, Pennsylvania, Texas, West Virginia or Wyoming? Based on the country Minerals Management Service and the USA Department of Energy, these states have the highest quantity of actively producing gas and oil wells. If you are living in one of these or every other state, you may be able benefit financially from an oil and gas royalty. With most if not all of the large oil fields within the continental USA and offshore having been located and utilized, energy companies are increasingly relying on smaller production wells creating the chance that you can benefit financially from an oil and gas royalty. Oil and gas royalties are payments made from an oil exploration company to someone property owner or group of investors who are compensated because of the extraction of oil and/or gas from their land(s). This leaves the risky burden to the energy companies to explore for and extract oil and/or gas from the land without requiring them to purchase the land outright, similar to a lease.
The energy sector is increasingly turning to private property owners to help assist in domestic energy production. In 2009 1,938,128 barrels of oil worth approximately $137,000,000.00 were produced inside america. If each and every barrel of oil produced in 2009 was assumed to have an oil and gas royalty rate of a normal of %12, the area average - private individuals leasing the production of oil on private lands might have earned approximately $11,400,000.00, more than 11 million dollars (approximately the GDP of Jamaica). The benefit of this arrangement is the fact that the oil and gas royalty transfers the risk of oil and gas location and extraction from the land owner of nominal means to the larger oil and gas location and extraction company which is much better equipped to handle the bigger risks affiliated with such a venture.
When it comes to the potential oil/gas deposit being located on or under government land, an arrangement is typically made whereas the common industry-standard amount will be paid to a government agency acting on behalf of the taxpayer though the rate falls under Federal jurisdiction under this circumstance. If you believe that your property is a potential oil/gas source, it's recommended that you seek legal counsel immediately in order to safeguard your financial and property interests. While profitable, oil and gas royalties are complex agreements requiring the legal advice and direction that only a trained lawyer can offer.
