Before you sell your minerals, it is critical to understand how the industry works in order to properly evaluate your available options. The process of selling oil and gas royalties can be overwhelming and time consuming. This summary explains where to sell Bakken oil and gas royalties. If you have specific questions about your royalties, please do let us know.
If you are looking to understand the value of your oil and gas royalties, be sure and read our topic on this subject.
Unsolicited Offers
It is common for a mineral owner to receive an unsolicited offer from a mineral broker or mineral rights investor interested in purchasing the owner’s oil and gas royalties. These offers regularly come in the mail and attempt to persuade the landowner the offer is fair and reasonable.
In almost every case, these offers will be priced well below market value. Unsolicited offers show that there is a demand for your oil and gas royalties, but it is important to make sure you receive the highest offer possible before selling them. Be careful not accept the first offer but request additional offers from qualified buyers from across the country.
Web Based Listing Services
Online listing services allow you to list your oil and gas royalties on the web at no cost. However, we have found through research that many of these websites are buyers creating leads for their own investors. This being the case, you can expect them to offer as little as possible for your royalties.
Before listing on these type sites, interview the website owner to determine what type of business they are in and how they get paid. Nothing is free!
Internet Brokers/Buyers
When searching the Internet for information on where to sell Bakken oil and gas royalties, there are a number of independent websites offering to purchase or broker your minerals. As you visit each website, you fill out a form with some information about your minerals and then wait. With few exceptions, these websites all operate in one of two ways.
- The website is owned by a company in the business of purchasing oil and gas minerals. In this case, you are dealing directly with a single buyer who will offer less than market value for your oil and gas royalties.
- The website is owned by an investor who purchases minerals for the lowest possible price and then turns around and sells them for a profit – YOUR PROFIT.
Where to Sell Bakken Oil and Gas Royalties
It is important to pay close attention to the parties you work with when selling oil and gas royalties in the Bakken. If you were interested in selling your home, would you market your property to a single buyer and expect to get the best price? Of course not. Selling royalties should be no different.
When selling your oil and gas royalties, it is critical that you market your minerals directly to a large number of qualified buyers and that you are working with someone whose interests are perfectly aligned with yours.
We recommend you contact US Mineral Exchange. They do not purchase minerals or royalties for their own accounts and they have created a successful marketplace with thousands of pre-qualified buyers. When considering where to sell Bakken oil and gas royalties, they are a great option to consider.
