If you are considering whether or not to sell some of your mineral royalties in California, chances are you are going to want to find a buyer who will respect the value of your assets. At Erhlich Pledger Law, LLP, we have considerable experience helping people to make strategic decisions when they are working with oil and gas transactions.
As with anything, there are more appropriate times than others to consider selling your royalties to someone else. Deciding when to begin soliciting your royalties is a matter of how much you wish to get for them, the condition of the market, the appeal of the royalties you are selling and how willing you are to spend time finding an ideal buyer.
According to ILOS Resources, if you are approached about selling your royalties and the discussion is contingent on your willingness to deposit a bank draft, take a step back and reassess. Before you agree to anything, make sure you understand the value of your royalties, as well as how much you are willing to negotiate. Once these decisions have been made, a bank draft can be created. Otherwise, you will compromise your option to negotiate at all. You may also consider getting a few quotes about how much your royalties are worth so you can begin to create boundaries for your selling experience.
When you are equipped with strategic methods for selling your royalties, you may be more confident as you prepare to sell your assets. For more information about transactions involving gas and oil, visit our web page.