FAQ
Frequently Asked Questions
Everything you need to know about selling your mineral rights.
What do I need to get started?
Just your most recent royalty check stub or statement. Ideally two or three recent ones, as that gives a clearer picture of your production trend. Upload them on our website or email them to us. Learn why we ask for it →
What's the difference between a check stub and a statement?
For your purposes, they're the same thing. A check stub is the detail attached to a physical royalty check. A statement is what you receive if your royalties are direct-deposited or if your operator sends a separate document showing production details and payment amounts. Either one works, but make sure it's the production detail, not the check itself. A copy of the check alone doesn't have the data needed to evaluate your interest.
Where do I find my royalty statement?
It depends on how your operator sends payments. If you receive a physical check, the statement is usually attached or included in the same envelope sent to you in the mail. If you're on direct deposit, log in to your operator's online owner portal and download the PDF. Some operators also email statements directly. If you're not sure, contact your operator's owner relations department. They can help.
How is the offer price determined?
Your offer is based on the production data from your check stub, including volumes, commodity prices, operator, and decline rates. That data is what allows for a fair, informed valuation rather than a rough guess. See how minerals are valued →
How long does it take to get an offer?
You'll typically receive a cash offer within 48 hours of submitting your statement.
Is there any cost or obligation?
None. There's no cost to you, no obligation to accept, and no fees or commissions. Even if you're not sure you want to sell, there's no downside to knowing what your minerals are worth today.
What types of interests do you buy?
Royalty interests, mineral rights, overriding royalty interests (ORRI), and non-participating royalty interests (NPRI) across multiple states.
Do you buy non-producing mineral rights?
Occasionally, but the focus is on producing mineral rights, meaning interests currently generating royalty income. Your production data is what drives the valuation, so an active check stub or statement is needed to make an offer. If your minerals are not currently producing, an offer may not be possible at this time.
Do you buy working interests?
No. Operated and non-operated working interests carry ongoing costs and liabilities that fall outside of our focus and investment criteria.
Where do you buy?
Across 20 states and over 276 counties since 2008. Submit your statements, and we'll let you know if we can make an offer on your specific interest.
What if I own minerals in multiple states or with multiple operators?
Even better. Multi-state and multi-operator portfolios are handled routinely. Submit your statements for each operator, and everything gets evaluated together: one offer, one transaction, one closing, one check. No need to track down separate buyers for each interest.
Can I sell just a portion of my mineral rights?
Yes. You don't have to sell everything. If you want to sell a portion and keep the rest, the transaction can be structured accordingly. The property description in the contract and deed just needs to be clear and precise.
Is there a minimum size or value you'll buy?
There's no strict minimum. We'll consider interests of any size. However, every transaction carries fixed costs (title work, deed preparation, notarization, filing fees, and mailing), which are the same whether the interest is worth $500 or $50,000. On smaller interests, those costs take a larger bite, which means the offer will reflect that. If your monthly royalty is very small, it may not make financial sense for either party, but you're welcome to submit your statements and find out.
What if the minerals are still in a deceased relative's name?
That's common, and it doesn't have to stop the sale. In many cases, the title issue can be resolved with a simple affidavit of heirship, which we can help you prepare. More complex title situations may require additional work, but we deal with these kinds of issues regularly. Submit your statements and let us know the situation. We'll review the title and let you know what's needed to move forward.
How long does closing take?
Most transactions close within 30 days. You sign the contract electronically, and everything else is handled for you: title work, deed preparation, recording the deed with the county, sending transfer notices to the operators, and notifying the county tax assessor. In counties that accept it, electronic notarization can be arranged as well. With clean title, some transactions close in a matter of days.
Do I need a lawyer?
You're welcome to have an attorney review any documents, but it's not required. All legal paperwork and filings are handled on our end.
How will I sign the documents?
Everything is signed electronically through DropboxSign. You'll receive an email with a secure link. Click it and sign from any device, 24/7. No printing, scanning, or mailing. For transactions that require notarization, Proof allows you to complete it online via video from your phone or computer, also available 24/7, in counties that accept it.
What if the deed needs to be notarized in person?
Some counties require an original deed and do not accept electronically notarized documents. In those cases, you'll need to sign the deed in front of a notary. Most banks, law offices, title companies, and UPS Store locations offer notary services. For larger transactions, a notary or landman can be arranged to come to you.
How will I receive my payment?
Your choice: wire transfer or check. Wire transfers settle in a matter of hours or overnight, depending on your bank. Checks are mailed the same day. Your preference is confirmed before closing.
How is the sale taxed?
This isn't tax advice, but generally the sale of long-held mineral rights is taxed at long-term capital gains rates, typically lower than the ordinary income rate applied to your monthly royalty checks. Your basis and situation will vary, so consult your tax advisor. Try our hold vs. sell calculator →
Will I still receive royalty checks after selling?
You may receive one or two more checks during the transition period after closing. That's normal. Once the deed is recorded and the operator processes the transfer, future payments are redirected. If you do receive a check after closing, please forward it to us.
What if I receive a tax statement after the sale?
Don't worry. The obligation to pay property taxes transfers with the minerals at closing. You're not responsible for taxes on interests you've already sold. Counties can take time to update their records (in some cases, years), so if a tax statement shows up, simply forward it and it'll be taken care of.
Can I call to discuss my minerals?
You can reach us at (855) 559-7277. The fastest way to get an offer, though, is to submit your statements through the website or email them to robert@buymyminerals.com. Your interest can't be evaluated without seeing the statements. They're the starting point for every transaction. Robert personally reviews every submission and responds within 48 hours. For larger or more complex transactions, a call can be scheduled after the initial review.
Still Have Questions?
Submit your check stub to get a no-obligation offer, or reach out to us directly.