Learn to Sell Oil And Gas Leases To Earn Extra Income
It appears that evidently everyone is either experiencing or knows someone whose experiencing financial difficulty. Many are have taken the barter-trade route of Craigslist to offer the extras for his or her family and others have decided to lease rooms or sell items of property.
An often overlooked and lesser-known source of revenue is the option to sell oil and gas leases or a mineral rights lease to generate income from deep-pocketed petroleum and mining companies with whom you may enter into “working interest” agreements. Many individuals choose to sell oil and gas leases on their property as a straightforward option to generate extra income from land that they’ve already invested in. Working interests are beneficial to the waxy crude oil definition property owner as the burden of exploration costs and mineral production or petroleum extraction are placed upon the corporate and never the individual. Individuals may decide to sell oil and gas leases to oil and gas exploration companies in exchange for a portion of the proceeds of the land on which exploration firms have agreed to invest in.
If you have ever driven down a highway and seen a lone pump jack, common in areas similar to West Texas, then you’ve got seen a land owner who has let his land to an oil company. In areas where oil isn’t waxy crude oil definition common or in mountainous areas where useful materials may be located, an option for many is to sell mineral rights to extract: copper, gold, quartz, topaz or amethyst, all of which are lucrative commodities. As a result of high degree of geological diversity across the United States there’s an excellent chance that no matter where you own land you can sell oil and gas leases to working interests – effectively generating revenue with little to no initial investment. Some property owners have received payouts within the millions of dollars for a 100 acre oil rights lease!
With a growing need for energy production domestically many land owners, especially in the Southern United States, choose to sell oil and gas leases. The typical royalty is approximately 1/8th of the production – meaning that roughly $125,000 per $1,000,000 per working interest is generated for oil and gas royalty. This is quite the hefty profit for little-to-no upfront investment. Typically the exploration/extraction company shoulders the logistical burden of processing the site, which could require specialized equipment and expertise that is usually not possessed by the typical landowner.
When you own land it may be in your interest to consult with a mineral or oil and gas exploration service near you. You could even wish to contact and conduct your individual geological survey. Many people aren’t even aware of the composition of their land and for little-to-no cost you would end up literally sitting upon a waxy crude oil definition gold mine. You never know. Your lifetime financial security could be just across the corner.