There are several things you must consider before deciding to sell the mineral rights on your land. If you are selling a mineral such as coal, these deals will often be of a once off variety, and you will be paid a lump sum before any work commences. You would not always receive a mineral royalty unless this is stated in your deal, getting a reliable lawyer to look over any paperwork will be a great help in securing any extra payouts you expect to receive. Sell Mineral Rights
Though this may seem like an easy option, selling mineral rights without breaking them down can leave you open to losses in the long run. Rather have a geologist inspect your property and find out exactly what minerals you have below the surface.Sell Oil and Gas Rights
Most minerals other than coal are bought on a lease hold deal and as such the buyer has a certain time to begin harvesting the minerals in the ground. Some companies deal solely as a middle man and will buy lease holds from land owners so they can resell them to mining companies in the future. When a mining company buys your mineral rights from you in a leasehold scenario, you can expect a smaller payment upfront but once production has started your oil or gas royalty will begin to pay out.
If a leasehold deal is structured correctly, you can stand to make large sums of money if the well or seam below your land is producing high quantities of gas or oil. This is where having a good attorney will come in handy. In any deal, you will want to protect both parties correctly, especially if that other party is going to be paying you something like an oil royalty for example. Sell Gas Rights
The key is to remember that the royalties you are being paid on production can also be sold at a later stage. Imagine it as selling a stake of the mines production value and you will quickly understand why people will pay good money to buy mineral royalties from already established mines and wells. Sell Oil and Gas Rights