Texas has come a long way from its agricultural beginnings at the turn of the 20th century and it can credit its progress and prosperity to its oil and gas industry. Current estimates show that Texas has more than one-fourth of the known oil and gas reserves in the United States, with estimated production of around five billion barrels.
Although the Texan economy has diversified over the years to become the center of aerospace, biomedical, shipping, information technology, and even hosts the highest per capita of Fortune 500 companies in posting the second highest gross domestic product in the United States, it still keeps its love affair with oil and gas. So forget the reports that the U.S. oil and gas industry is on the decline, buyers are still on the lookout for possible partnerships.
If you have some oil and gas royalties and mineral rights in the state that you want liquidated, better grab a phone book or browse online for any company that can help you. Look specifically for somebody with a track record of helping royalty owners to convert producing or non-producing minerals into cash, offering best deal possible.
Excellent offers range between 25 to 70 times the monthly income generated by your mineral properties. The bid may vary depending upon certain evaluation parameters and diligence conclusions undertaken by their very own geological team, which evaluates and analyzes the value of your property. It's better if the company makes the assessment free of charge. Your objective is to liquidate your interests and secure a deal anchored on a fair market price and at the same time, you are shielded from the complicated paperwork.
Pick a company that can assure you an easy and fast transaction. That means, they take charge of everything from start to finish; including the preparation of all the deeds to transfer the royalties to the new owners or heirs. Some companies even offer less than 30 days from the time they process your papers to writing you the first check. They assure that a deal will be closed in 72 hours and if you need cash in a flash, they cover 50% of purchase price outright.
You should be very careful when it comes to picking the perfect company to trust your gas and oil properties. In the end, it is still your choice, your mineral rights, your business, and your money.