Selling Oil and Gas Rights
Selling your oil and gas rights is not a decision to take lightly. Selling now rather than waiting for royalties could mean the difference of thousands, if not millions of dollars. That does not mean that selling your oil and gas rights now is always the wrong decision—it just means you need to make sure that selling is the right decision for you and your family. The oil and gas lawyers at Gold, Khourey & Turak can help you through this process.
At GKT, every day our oil and gas lawyers talk to mineral owners who are thinking about selling their oil and gas rights. We have counseled countless people, and we can help you too. Our lawyers strive to understand our client’s personal situation and why they are considering a sale of their oil and gas rights. Our oil and gas lawyers want to ensure that you have all the information necessary to make an informed and knowledgeable decision about selling your oil and gas rights. You should feel confident and comfortable in selling your minerals.
So, after talking with a GKT oil and gas lawyer and considering the pros and cons, you’ve determined you want to sell your oil and gas rights. You’ve come to the right place. At GKT, we have access to a network of mineral buyers ready to offer you top dollar for your oil, and gas rights. Don’t settle for less. Protect your mineral rights and receive maximum value for your minerals. Contact our office today at (304) 845-9750 to schedule your free, no-obligation compensation. Home, evening, and weekend appointments are available. You can also Live Chat 24/7 at gkt.com, or complete our online form and someone from our office will contact you to discuss your situation.
Oil and Gas Rights Lawyers Get Results For YOU
Many mineral owners that hire our oil and gas law firm receive significantly more compensation than what they were initially offered. That is no coincidence. Our oil and gas lawyers have the experience to estimate the value of our clients’ minerals before marketing them to different oil and gas purchasers. Based upon the particulars of any mineral rights sale—location of the minerals, whether there is a current lease, what the terms of the lease are, when production is likely to start if it hasn’t already, etc.—our mineral rights lawyers can independently estimate what a mineral rights buyer might reasonably pay.
With that knowledge, our oil and gas attorneys then market our clients’ oil and gas minerals to a roster of legitimate oil and gas mineral purchasers based upon location. Those mineral buyers have a proven track record of paying our clients top dollar for their oil and gas rights. That means we don’t approach fly-by-night mineral buyers who seek to take advantage of unwary sellers. That also means we don’t approach brokers who only seek to purchase your minerals so they can flip it to a legitimate buyer for a higher price. We cut out the middleman to maximize YOUR money! With GKT, you can be assured that your mineral rights deal will provide you with better protection, more compensation, and an agreement on your terms.
You’ve Received an Offer to Purchase Your Oil and Gas Rights. Are You Protected?
Many mineral owners think there’s not much more to selling their oil and gas rights than the price per acre to be paid. While the money is undoubtedly the most important part of a mineral sale, there’s a lot more to consider, such as:
- Will the purchaser be able to back out of a deal even if you sign a document?
- Can a purchaser insist to pay a lower price than the one they promised?
- What happens if there is an issue with your property’s title?
- Can the purchaser seek to reclaim the money they paid you years later if there is a title issue?
Unfortunately, our oil and gas attorneys see these issues and others all too often. The simple truth is, what seems like a straightforward transaction is anything but. Our mineral rights attorneys will make sure you are protected and the documents you will be asked to sign are drafted in a way to protect YOU and your family’s interests. At GKT, we can provide you with peace of mind that your family legacy will be secured for generations.
The Best Oil and Gas Rights Law Firm Near You
At GKT, the first step in selling your oil and gas rights is to learn more about you, your family, and your concerns. Only then can our mineral rights attorneys make sure that any oil and gas sale will fit your specific needs and address your particular concerns. Only at that point do our attorneys begin the process of seeking out qualified mineral buyers and, ultimately, negotiations on your behalf.
Do you have to sell all of your oil and gas mineral rights?
Sometimes it is in a client’s best interests to sell only a portion of their oil and gas rights to get money now while keeping some to receive royalties in the future. We can help you with this process.
Can you sell the right to sign a lease and receive the bonus, but keep some or all of the royalty rights?
Sometimes it is in a client’s best interest to sell only a particular interest in the oil and gas minerals while keeping others. We can help you with this process too.
Our oil and gas lawyers know the lay of the land and what purchasers are paying in different locations throughout the Ohio Valley. Our oil and gas attorneys have the experience to make sure YOUR oil and gas rights and interests are protected, and we have the industry contacts to make sure that YOU receive maximum value for your minerals. Once a client has agreed to a price to sell their minerals, our mineral rights lawyers then negotiate the terms of the purchase and sale agreement, deed, and any other documents to make sure our client is protected.
Importantly, our oil and gas attorneys communicate with clients each step of the way. No decision is made or deal is reached without the express authorization of a client. Timely communication is key!
When Should You Contact an Oil and Gas Rights Attorney?
It is imperative that mineral owners contact an attorney as soon as possible when approached about selling their oil and gas rights. The sooner we are involved, the more likely we are to obtain the best result for you. Moreover, the quicker our mineral rights attorneys are involved, the quicker you are relieved of the stress and headaches of dealing with the landman’s phone calls and knocks at the door. You may find this blog helpful: Oil and Gas Minerals: Should You Sell?
Current Oil and Gas Companies Operating in the Ohio Valley
Below is an abbreviated list of the major oil and gas producers and their primary areas of interest in West Virginia and Ohio.
- SWN Production Company LLC
- Hancock, Brooke, Ohio, Marshall, and Wetzel Counties
- Chevron Appalachia, U.S.A.
- Marshall County
- TH Exploration LLC a/k/a Tug Hill
- Ohio, Marshall, and Wetzel Counties
- American Petroleum Partners Operating, LLC a/k/a APP
- Ohio, Marshall, and Wetzel Counties
- EQT Production Company
- Ohio, Marshall, Wetzel, Tyler, Doddridge, Monongalia, and Marion Counties
- Antero Resources Corporation
- Wetzel, Tyler, Doddridge, Harrison, Ritchie, Monongalia, and Marion Counties
- Triad Hunter, LLC
- Wetzel, Tyler, and Doddridge Counties
- Northeast Natural Energy, LLC
- Monongalia, Marion, and Wetzel Counties
- HG Energy, Inc.
- Marshall, Wetzel, Tyler Counties
- CNX Gas Company LLC
- Marshall, Wetzel, and Tyler Counties
- Gulfport Appalachia, LLC
- Jefferson, Belmont, Monroe, Noble, Guernsey, and Harrison Counties
- XTO Energy
- Belmont and Monroe Counties
- Jefferson, Belmont, Guernsey, Harrison, and Nobles Counties
- Eclipse Resources
- Guernsey, Harrison, Monroe, Noble, Tuscarawas, Muskingum, and Knox Counties