If you want to find oil and gas mineral buyers in North Dakota it’s not hard! There are hundreds of them out there. A quick google search will give you and endless number of talk to. However, not all oil and gas mineral buyers in North Dakota are equal. When you want to sell mineral rights you need to be careful. There are may ways to be taken advantage of. When you sell mineral rights you have a choice. You can search for oil and gas mineral buyers in North Dakota on your own, or you can work with an industry professional. No matter which option you choose, we are going to walk you through your options. We’ll help you avoid the common mistakes mineral owners make when finding an oil and gas mineral buyers in North Dakota.
Do it yourself vs industry professional
A lot of people who own mineral rights are do it yourself type people. They pride themselves on being able to take care of business. Why bother with a mineral rights broker when you can do it yourself? What a lot of mineral owners don’t realize is that doing it yourself is not the best route. There are three main reasons that doing it yourself is not the best option:
- Price: Put simply, you will make less money. This seems impossible when you consider a broker is going to make a 6% commission from the sale. What a lot of mineral owners don’t know is that mineral rights buyers are value property very differently. Two buyers could look at the same property and value it at $2,000/acre and $5,000/acre for the exact same property. The key to getting the best price is property exposure. The more buyers who submit a bid the better chance you have of finding that buyer who can pay substantially more than any other buyer. Mineral owners who sell on their own receive an average of 22% less (after commission!) than those who work with an industry professional.
- Convenience: If you decide to sell on your own it’s going to take a lot of time. You will need to contact oil and gas mineral buyers in North Dakota. You will need to submit your information to multiple buyers. You will then need to compare all the offers you get. If you spent months contacting buyers you would have talked to less than 1% of buyers out there. You would have also missed a large number of the best buyers who don’t have a website and don’t market themselves. You can save a lot of time and energy by working with a professional and get more money.
- Guidance: Mineral owners generally have no idea how much their property is worth. They talk to a few buyers and hope they are getting a fair deal. When you work with an industry professional they will guide you along the way and help you analyze each offer. They will also review all documentation with you and make sure you aren’t getting taken advantage of.
If the reasons above aren’t compelling, doing it yourself is still an option. Just beware that you are going to end up spending significantly more time and make less money. A lot of mineral owners still choose to go this route but often don’t even realize they’ve been taken advantage of by the end.
How to find oil and gas mineral buyers in North Dakota
To locate oil and gas mineral buyers in North Dakota, we recommend listing your property at US Mineral Exchange. They are the go to mineral rights marketplace in the United States. Mineral owners trust US Mineral Exchange to help them get their property sold for the highest price. They will quickly get your property in front of thousands of oil and gas mineral buyers in North Dakota. Doing so creates competition among buyers. These buyers compete to pay the highest price. This causes the oil and gas mineral buyers in North Dakota to drive up prices and puts the most amount of cash in your pocket.
The reason we recommend US Mineral Exchange is that we have heard a lot of success stories of mineral owners. They have tried it on their own, had a few offers, then list the property at US Mineral Exchange and get a substantially better offer. Our own expeirience and the experience of others is why we think they are your best option to list. They are also the largest marketplace for individual mineral owners within the United States.
A list of oil and gas mineral buyers in North Dakota
Lastly, if you are in search of a magical list of oil and gas mineral buyers in North Dakota, you can end the search! A list like this doesn’t exist. The only way to locate buyers is to search google and find each individual buyer on your own or work with an industry professional. Hopefully that helps you avoid wasting a lot of time searching!