Mineral And Leasehold Acquisition
A lot of the largest oil fields within the US and offshore happen to be tapped to their potential, and thus exploration businesses are turning their attention to small to large landowners for the potential 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 fact their states happen to be listed as having the highest quantity of active mineral production inside america as outlined by america Minerals Management Service. Many people in these states are now profiting 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 prepared to make deals of oil and gas royalties to individuals prepared to sell the rights, lease the rights, or sell working interests to their lands. Exploration businesses are ready to take on all of the risk for the potential of having a producing well or pipeline. Their risk is minimized with a lease and so selling oil and gas royalties for land lease is a win-win for both parties.
The cost of oil has gone steadily upwards. In 2009 $137,000,000.00 worth of gas was produced within the united states. The oil and gas royalty rate averages at 12%, meaning that individuals letting their land earned together close to eleven and a half billion dollars. That's a lot of cash! Selling oil and gas leases also allows the owner to retain their property for the future. Any "loss" so to talk would potentially be on the a part of the mineral exploration company.
Individuals considering selling and oil or gas lease can do research on the internet, but ultimately if this is their first time negotiating they will desire to have a lawyer or broker present to obtain the best out of these potentially profitable deals. For the price of just a little bit of time you could be one of the lucky few making millions off the oil in your own backyard. Isn't that worth a bit more research?
Contact the local USGS representatives to view exactly what the geological surveys within your region point to as far as oil, gas, or minerals. In case you are within an area of dense oil, gas, or mineral deposits you might 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? In line with the states Minerals Management Service and get redirected here the United States Of America Department of Energy, these states have the highest amount of actively producing gas and oil wells. If you live in one of these or every other state, you could 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 an opportunity that you can benefit financially from an oil and gas royalty. Oil and gas royalties are payments made from an oil exploration company to a person property owner or group of investors who are compensated due to 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, much like 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 within the usa. If almost every barrel of oil produced in 2009 was assumed to have an oil and gas royalty rate of an average of %12, the sector average - private individuals leasing the production of oil on private lands could have earned approximately $11,400,000.00, more than 11 million dollars (approximately the GDP of Jamaica). The benefit of this arrangement is 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 associated with such a venture.
In the case of the potential oil/gas deposit being located on or under government land, an arrangement will typically made whereas the common industry-standard amount is 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 particular 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 lucrative, oil and gas royalties are complex agreements requiring the legal advice and direction that only a trained lawyer can offer.
