Category: Mineral Owners

Mineral Owners Understanding Your Oil and Gas Royalty Statement

Understanding Your Oil and Gas Royalty Statement

LandGate is a marketplace for mineral, solar, wind and other property rights. And as such, we spend a lot of time assisting property owners. Last week we worked with a mineral owner who just started receiving royalty checks from her property in West Virginia. She was not interested in selling her mineral rights, she just …

Read Article Read More

Mineral Owners Oil & Gas Division Orders

Oil & Gas Division Orders

LandGate is a marketplace for mineral, solar, wind, and other property rights. But we also spend a lot of time on the phone answering questions. Last week I spoke to Gerald from Houston, TX. Gerald received a Division Order in the mail. It was sent from an oil and gas company that operates gas wells …

Read Article Read More

Mineral Owners Selling Minerals and Retaining Surface Rights

Selling Minerals and Retaining Surface Rights

In 2019, most all of our Wyoming clients wanted to lease their oil and gas mineral rights. In 2020, perhaps due to financial hardships across the country associated with the pandemic, many of them changed their mind and asked LandGate to market their oil and gas mineral rights for sale. Roughly 95% of our Wyoming …

Read Article Read More

Mineral Owners How a Major Railroad Company Became a Big Player in the Oil Business

How a Major Railroad Company Became a Big Player in the Oil Business

Adam Smith is credited with the quote “Land is the Basis of all Wealth”. And we know a few railroad companies that would agree. In a recent oil and gas leasing class, we discussed different types of oil and gas mineral ownership in the United States, such as Federal, State, Tribal, and private ownership. And …

Read Article Read More

Mineral Owners Oil and Gas Lease Provisions Explained

Oil and Gas Lease Provisions Explained

Historically, mineral owners (“lessors”) and landmen/oil companies (“lessees”) spend most of their time focusing and negotiating the bonus payment, primary term and royalty provisions of an oil and gas lease. These provisions are important, but they represent only a small number of the important elements of the lease.  The following is a list and general …

Read Article Read More

Mineral Owners Understanding Oil & Gas Mineral Royalties

Understanding Oil & Gas Mineral Royalties

At LandGate, our clients often ask if they should demand a higher oil and gas lease bonus payment or a higher oil and gas royalty when negotiating an oil and gas lease. That’s a great question. Not all mineral rights owners are in the same financial situation. Although this is a royalty discussion, lets first …

Read Article Read More

Mineral Owners IRS 1031 Property Exchange- Consider Deferring Your Tax Bill By Selling Your Minerals

IRS 1031 Property Exchange- Consider Deferring Your Tax Bill By Selling Your Minerals

At LandGate, we have clients constantly asking if they should lease their minerals or sell them. That’s a tough question, as not all mineral rights owners are in the same financial situation. And with the price of oil at $39 per barrel, oil companies are not actively leasing. Mineral buyers, however, are definitely spending a …

Read Article Read More

Mineral Owners Forced Pooling

Forced Pooling

Has a Landman Contacted You? Has a landman contacted you and is now threatening to force pool your minerals if you don’t sign his lease? What are your options? Is he offering you a fair deal for your mineral rights? What does a fair deal look like? Who can you talk to? First, let’s talk …

Read Article Read More

Mineral Owners Unsolicited Offers for Oil and Gas Mineral Rights

Unsolicited Offers for Oil and Gas Mineral Rights

Did you get a letter in the mail offering to buy your minerals? It happens all the time…unsolicited offer letters somehow make their way to a mineral owner’s mailbox.  How did they know you owned minerals?  Do you really own minerals?  If you do, what are your minerals worth?   At LandGate, we can tell …

Read Article Read More

Industry PetroValues is Now LandGate

PetroValues is Now LandGate

We’ve changed our name to LandGate and added new resources. Our mineral rights work has given us the chance to talk with thousands of landowners around the country, and we’ve heard from many who are looking for more ways to prosper through their property. The marketplace we’ve built has put us in a unique position …

Read Article Read More