Can You Sell Minerals Rights?

When you own land, you are able to do whatever you want on your own property. If you want to build a house, you are free to do so. If you want to farm on the land, you may go ahead and do that too. Or you could start a business there. The options are endless. But another thing that you could do is try to see if there may be some precious or valuable minerals on your land. And in some cases, you may not even have to do much work to find these things out.

If you live in an area where some company finds minerals nearby on a neighbor’s property, they would be curious to see whether your land has similar minerals or not. And what they would want is for you to sell mineral rights Texas for your land over to them. Now we are not saying you would sell the land itself, because that would continue to belong to you. But the right to drill or mine on the land to find minerals, and then keep said minerals, would belong to whoever buys the rights from you. And you would be heavily compensated.

The reason why many prefer doing this over trying to find the minerals themselves is because it costs them nothing, and they are guaranteed to get the money for turning over the rights. And the company may find that there were no minerals on your land, or very few minerals. But in these cases, it does not matter to you. Your deal stands and you still keep your money, because the deal was not contingent on them finding anything on your land. It is why many say that if you are ever offered the chance to sell mineral rights on your land, you should go ahead and do so.