mineral.land

We buy minerals and royalties for our own account.

Own minerals or royalties and thinking about selling? Tell us where the interest is. We buy mineral, royalty and overriding royalty interests for its own account, producing or not. If we can make an offer, it comes in writing.

We're the buyer across the table. We don't represent you, and nothing on this site is advice on whether to sell. Want an independent opinion first? Show our offer to an oil and gas attorney, your CPA or another buyer before you sign anything.

Ask for an offer Figure your net royalty acres

Or call (307) 263-8515.

Three tracts side by side, with the middle one marked as your tract. Above the ground line are a fence on your tract and a wellhead on the tract to the left. Below it are six rock layers. The well goes straight down on the left tract, turns, and runs sideways through the pay zone under your tract and the tract to the right. A bracket under all three tracts marks them as one unit. Tract A Your tract Tract C PAY ZONE One unit 1 2 3
  1. The surface. Not part of a mineral sale. The land, the fences and the grazing stay with the surface owner. Whoever owns the minerals can still use the surface reasonably to reach them.
  2. Your minerals. The oil, gas and other minerals under your tract. This is what a mineral deed conveys.
  3. The well. A horizontal well can run under several tracts. The operator pools them into a unit and pays each tract its share. Your share is the decimal on your check stub.

Illustration, not to scale.

What we buy, and what we'll ask you for

Whole interests or part of one. To price an interest we have to find it at the courthouse and on the operator's pay records, so the first thing we ask for is paper you likely already have. Not sure what you own, or where the paper is? Here is where the Texas records are.

  • Producing minerals and royalty

    You're getting checks from a well.

    We'll ask for a recent check stub or the division order (DO): the operator, your owner number and your decimal.

  • Leased, no well yet

    There's an oil and gas lease (OGL) on record but nothing producing.

    We'll ask for the lease or its memorandum, and the county it's recorded in.

  • Unleased minerals

    No lease on record. Nobody's paying you anything for them.

    We'll ask for the deed you hold by, or the legal description.

  • Non-participating royalty NPRI

    A share of the royalty with no right to sign a lease or take a bonus. Often created by a deed.

    We'll ask for the deed that created it.

  • Overriding royalty ORRI

    A share carved out of a lease, not out of the minerals. It carries no drilling cost and usually ends when the lease does.

    We'll ask for the assignment that created it and the lease it sits on.

  • Still in a relative's name

    The owner of record has died, and the estate was never probated or was probated in another state.

    We'll ask for what you know about the family and any will. We check the probate and deed records at the courthouse.

How we figure net royalty acres

Buyers price minerals per net royalty acre (NRA) so tracts with different lease royalties compare on one basis. One NRA is one net mineral acre (NMA) under a 1/8 royalty. Holding a check stub? What Texas law says has to be on it, with a decimal you can check by hand.

From your deed or lease

NRA = NMA × (royalty ÷ 1/8)

10 NMA leased at 1/4 is 10 × (.25 ÷ .125) = 20 NRA.

From your check stub

NRA = decimal × unit acres × 8

A .00390625 decimal in a 640-acre unit is .00390625 × 640 × 8 = 20 NRA. The 8 is the 1/8 again.

NRA worksheet

An estimate from your numbers, not an offer

Start from

Not leased? Use the royalty you'd expect in a new lease.

Put in a range you're testing, such as an offer you hold. We don't fill these in for you. Nothing here is a recent sale or our bid.

Net royalty acres 40.00 20 NMA × (.25 ÷ .125)

Per NRAEnter a range
Estimated rangeEnter a range
In months of your checkEnter a range

Arithmetic on the numbers you entered. It isn't an offer or an appraisal. A real price depends on title, the wells on the unit and the operator's plans.

If it's producing: what the checks may be worth today

Discounted cash flow, a scenario only

Put in a typical month from your last twelve checks. Your ownership share is already in that number, so don't multiply it by acres or your royalty again.

Present value

The math: each month's check shrinks by the yearly decline and is discounted back to today at the discount rate. It adds no new wells, no undeveloped acreage, no lease expiring and no income tax. A 10 percent discount rate doesn't make it a reserve report. It isn't an appraisal and it isn't an offer. It is a different method from the per-acre worksheet above, so the two numbers won't match.

What our offer letter says

If we want to buy, the offer comes in writing. Here's the letter with the blanks left in, and what each part means for you.

mineral.land

mineral.land
1501 S. Greeley Hwy, Ste C #1363
Cheyenne, WY 82007
(307) 263-8515

[Date]

[Owner name]
[Mailing address]

Re: Offer to buy your mineral interest
[County] County, [State]
[Section, block, survey, abstract]

Dear [Owner name]:

mineral.land offers to buy, for its own account, all of your [mineral / royalty] interest in the land described above: [__] net mineral acres, which we figure as [__] net royalty acres under your [__] lease royalty.1

Price: $[______] cash, which is $[____] per net royalty acre.2

Effective date: [first of the month]. Production before that date is yours, even if the check comes after closing. Production after it is ours.3

The offer depends on our review of title, which we will finish by [date]. If we find a gap, such as an estate that was never probated, we will tell you what it is and what it takes to fix.4

Closing and payment: [how and when you are paid, and who records the deed]. You sign a [mineral deed] that conveys what this letter describes and nothing else.5

We are the buyer. We are not your advisor, and this letter is not advice on whether to sell. Show it to an attorney, a CPA or another buyer if you want to. This offer is open until [date].6

Sincerely,
mineral.land

  1. The interest. Named by legal description, in NMA and in NRA. If our numbers don't match yours, ask us to show the math.
  2. The price. A lump sum, and per NRA, so you can hold it against any other offer on the same basis.
  3. The effective date. The line between the checks you keep and the ones that come to us. Every offer should have one.
  4. Title. We run the chain at the courthouse before closing. Curative, like an affidavit of heirship (AOH), gets named here, not sprung on you after you sign.
  5. Closing. How and when you are paid, and who records the deed, are written in the letter before you sign. Ask any buyer, us included, whether that's cash at signing or a sight draft.
  6. Who we are. A direct buyer. We want to buy at a price that works for us. Read the letter knowing that.

Ask for an offer Or call (307) 263-8515.

What closing looks like

Five steps from a signed letter to the operator paying the new owner. Most of the time goes to title: a clear chain closes faster than an estate that needs curative.

  1. You sign the offer letter

    Nothing transfers yet. The letter sets the price, the effective date and the date we'll finish our title review. The offer depends on that review, so read the title paragraph, and ask us what happens if a gap turns up before you sign.

  2. We run title

    Deeds, probate, leases and the operator's division order, at the county where the land is. If a relative died owning the interest and there was no probate, an affidavit of heirship (AOH) or other curative may be needed. If title shows a gap, we tell you what it is and what it takes to fix.

  3. You read the deed

    A mineral deed, a royalty deed, or an assignment for an ORRI. It should convey what the letter describes and nothing else. Read it yourself or have your attorney read it before you sign.

  4. Closing

    You sign the deed before a notary. How and when you are paid is written in the offer letter before you sign anything.

  5. Recording and the operator

    The deed is recorded in the county, and the operator is asked to transfer the interest. Who records it, and who gets which checks around the effective date, are written in the deed and the letter.

Ask for an offer Or call (307) 263-8515.

Words you'll see in the paperwork

Net mineral acres NMA
Your share of the minerals, in acres. Own half the minerals under an 80-acre tract and you have 40 NMA.
Net royalty acres NRA
NMA restated at a 1/8 royalty, so tracts with different royalties can be priced on one basis. 40 NMA at 1/4 is 80 NRA.
Decimal interest
Your share of a unit's production, as printed on your check stub. For a royalty owner it's NMA ÷ unit acres × royalty.
Division order DO
The operator's statement of your decimal, which you sign so they can pay you. It doesn't amend your lease. What Texas law lets it contain.
Oil and gas lease OGL
Gives an operator the right to drill in exchange for a bonus up front and a royalty on production.
Non-participating royalty NPRI
A royalty with no right to sign a lease or take a bonus. Often created by a deed.
Overriding royalty ORRI
A share of production carved out of a lease. It carries no drilling cost and usually ends when the lease ends.
Pooled unit
Tracts combined for a well. Production is shared among them, usually by acreage.
Effective date
The date that splits production between seller and buyer in a sale.
Sight draft
A draft you deposit after signing the deed. The buyer's bank pays it only if the buyer approves title within a set time. Until then the deed is out of your hands and the money isn't in them.
Affidavit of heirship AOH
A recorded sworn statement, made by someone with personal knowledge of the family, of who the heirs are when an estate was never probated.
Curative
Filling gaps in the chain of title before closing: an AOH, a release, a corrected deed.

Questions owners ask

Can I sell part and keep part?
Yes. A share of an interest, or one tract out of several. The deed says exactly what moves.
Does a sale touch my surface?
A mineral deed conveys the minerals, not the surface. The land and the house stay with whoever owns the surface, and if that's you, with you. Whoever owns the minerals can still use the surface reasonably to reach them.
How is a sale taxed?
Royalty checks are usually ordinary income. A sale of minerals held more than a year is usually a long-term capital gain, and inherited minerals usually take a stepped-up basis (IRC § 1014). That's general information, not tax advice. Ask your CPA before you sell.
The minerals are still in my parent's name.
That's common. We check the probate and deed records at the courthouse. Where there was no probate, the fix is usually an affidavit of heirship or a court proceeding. An attorney or a title company can tell you what your state requires. Where the Texas probate trail starts.
Should I get other offers?
That's your call. We're one buyer. A competing bid, or an attorney reading our letter, is a normal step before you sign with anybody, us included.
Are you attorneys?
No. We're landmen and a mineral buyer, not a law firm. We don't give legal opinions, tax advice or investment advice.

Read the records yourself

Three guides, each with every source listed and the date it was opened. They're general information, and using them doesn't need us.

Ask for an offer

Tell us where the interest is and what paper you have. We don't make an offer on every request. If we can, it comes in writing, like the letter above.

Who's on the other side: mineral.land, buying for our own account. Sending this form doesn't commit you to anything.

Rather talk? (307) 263-8515 or hello@mineral.land.

We use what you send to research the interest and to contact you about it. We use your phone number only to reach you about this request, by call or text. We don't sell it. Privacy.