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Question
I am being approached by multiple sources inquiring as to my interest in selling mineral rights to property I have (under lease) in Dewey county, Oklahoma.  In the past I have been leery of giving up my mineral interests.  Should I reconsider in today's marketplace?  And if so, what basic terms/rates should I consider?

Thanks

Answer
"Giving up" your mineral rights might not be the best verb here, as of course you will "get" money for them so will hardly be giving them up, but I get what you're saying.

If you want to sell them check out www.mineralhub.com (my website). You can list them for sale there for free and we'll help you find a suitable buyer. We don't do free evaluations however, so please be sure you're actually wanting to sell them prior to actually listing them because we are not able to "value" them for you unless you actually plan to sell them. You can find out more about how to value them properly (and how buyers likely will) on your own however, by checking out the "Mineral Hub News" page on the website. Should give you a good idea of what affects prices.

Reconsider selling in today's market? Well, no way to tell what tomorrow may bring unless (perhaps) you are God. Contrary to what people say about being able to predict where the market is going I don't buy it at all. If you're happy with today's prices then sell. If not, then don't sell. Marketplace today is as good as it's ever been, just with different prices. A market is a market. Good, or bad, is relative.

Hope this helps you out!
Frederick M. "Mick" Scott CMM, RPL
The Mineral Hub
www.mineralhub.com

Oil/Gas

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Frederick M. Scott

Expertise

Oil and gas leasing, lease negotiations, how to best deal with the oil and gas companies or their representatives, buying/selling mineral rights, forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience

I am a Certified Professional Mineral Manager (CMM) certified by the National Association of Royalty Owners (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations
National Association of Royalty Owners (NARO); American Association of Professional Landmen (AAPL)

Publications
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials
Certified Mineral Manager (CMM), Registered Professional Landman (RPL)

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