Tyler, TX 75703, USA
Toll free: 800-950-6954
info@legacyroyalties.com

Author: Steve Smith

Oil Royalties, Oil Gas Minerals, Purchase Gas Interests

Unsolicited Offers to Purchase Minerals and Royalties

If you own oil and gas minerals, you have received an offer in the mail to purchase them. Most letter offers don’t list an offer price, but some do. So what about those that do list a value? Are those numbers a good market value for your oil and gas royalties? A reputable company may…
Read more

Lea County royalties, sell oil royalties, sell gas royalties, sell mineral rights

WHAT ARE OIL & GAS MINERAL, ROYALTY & OVERRIDING ROYALTY INTERESTS?

WHAT ARE OIL & GAS MINERAL, ROYALTY & OVERRIDING ROYALTY INTERESTS? Oil and gas minerals, royalties and overriding royalties are similar in that they all receive revenues from the production of oil and gas from a well, and they do not pay for the drilling or monthly operating expenses of the well. Often you will…
Read more

Mineral Rights, Oil, Gas, Minerals, Sell Oil, Sell Gas

I Own the Surface. Do I Own the Mineral Rights?

Mineral rights (subsurface rights) generally transfer with the surface unless there is a reservation. What is a reservation? …Grantor does hereby grant, sell and convey unto Grantee all interest in and to that certain property, described as [legal description]. Grantor reserving, however, all oil, gas and other minerals… This clause can be stated a number…
Read more

Sell Mineral rights, mineral rights buyer

Mineral and Royalty Estates: 4 Ways to Avoid Probate

Why avoid probate? Well, it’s long, it’s costly, and mineral and royalty estates can add some additional challenges, especially if the properties are located in a different state than where the decedent was domiciled. Probate is typically administered where the decedent established their home. The estate is subject to the requirements of that particular jurisdiction.…
Read more

Oil, Gas, Energy, Sell Minerals, Buy Minerals

The Future of Oil & Gas

I’m often asked my opinion about anything energy-related. Where are oil prices headed? What about the natural gas glut? How about corn, solar and wind? And the list goes on … The truth is that these are interesting times. Technology has and will continue to give us new oil and gas resources as we get…
Read more

sell mineral rights, sell gas oil

Will You Walk Me Thru the Typical Oil Royalty Sales Process?

At Legacy Royalties, the process typically goes like this … An oil and gas mineral owner calls or emails and expresses a desire to sell. If the owner is receiving oil royalty checks, we ask for copies of the last 3 check stubs (the attachment to the check listing well names, county, state, oil and…
Read more

Royalty Oil Lease, Oil Gas Royalties

How Long Will I Receive Royalty Income From My Oil Lease?

Royalty income from an oil and gas lease will be paid so long as a product is produced from the lease. Royalties are a proportionate part of the revenue received from the sale of oil, gas or other materials from a well or lease and paid to the royalty owners based on a lease agreement…
Read more

Something Old, Something New

My oldest daughter was engaged this weekend. Apparently she was surprised as her nails weren’t done the day of … the tell tale sign I’m told! Two years ago I reminisced about my youngest of four leaving for college. It felt hollow. An event forced not chosen. It marked the end of an era, and…
Read more

sell oil royalties, sell gas royalties, sell mineral rights

Sell or Keep Your Oil & Gas Royalties?

You may have wondering when you should sell your oil & gas royalties? This is not a simple question. We spend a good amount of time answering simple questions … Why did my payments go down? How do I transfer my interests to a trust? What’s the difference in a royalty versus an overriding royalty?…
Read more

Oil wells for sale, producing oil wells for sale, Producing oil properties for sale

Local Couple Sponsors Students

Steve Smith, and his wife, Susan, are fairly new to the Chandler area. Though they have a residence in Tyler, the couple spend a lot of time on their farm in Chandler. While in Chandler, they do shop in the area, and are regulars at Wade’s for seafood. As members of Grace Community Church in…
Read more