subject: What Are Your Options Regarding Your Mineral Rights? [print this page] Many Americans might not even know they have wealth beneath their feet. Minerals in the ground on your property can bring you either small or large wealth depending on what lies beneath the surface. If you own the mineral right you could sell them to a company that will capture the minerals but you still own the property. Do you have any of the following financial situations?
Outstanding college loans of you or your child
Second mortgage on your home
Considering early retirement
Lost a majority of your investments
Deep in debt and can't see the light of day
Whatever the reason remember to consider your options and become educated so you know you are making the right decision. You might want to talk to family members since the long term will affect them as well.
How will selling your mineral rights affect the land you own?
State laws vary regarding mineral rights. If you are considering selling or leasing your mineral rights you should understand the end results. You can sell all or part of your rights. You should contact an attorney to know the laws prior to selling and to review any contract that you are taking into consideration.
You have been approached by a company to purchase your mineral rights in Louisiana. In Louisiana mineral rights are treated differently than other states by the fact that if after ten years of the sale date or date of last production it will go back to original owner. As a landowner in Louisiana you are not owner of the minerals in the ground but you have the sole right to generate them. Understanding the laws of mineral rights might be confusing so it is best to contact a professional in this field.
Minerals rights are bringing big money in the Haynesville Shale play area. Contemplating the idea you should look at your long term effects to make sure you are making the right decision. Companies that are paying now might not be paying in the future. So you are taking a chance if you pass up an opportunity to sell your rights.
Think of your mineral rights as investment.
Just like stocks, 401K or IRA funds, mineral rights should be considered as an investment. With the economy in the state it is in you could be taking a risky chance if you hold out and not sell. Most of the time when sold or cashed in you get a return on your investment. So why not sell and get an immediate return on your investment. Enjoy the money now rather than later. Contact a professional company such as Caddo Minerals to get advice regarding your mineral rights.
