Mineral rights are the right of the owner to utilize any or all of the minerals below the surface of their property.

According to Geology.com, the following are some important notes when dealing with selling or leasing your mineral rights:

• Seek professional help – The complicated process and transaction that is enveloped in mineral rights involve a large sum of money. If someone has tapped you about selling your mineral rights, you must seek legal help at once. Mineral rights-knowledgeable lawyers will be able to carry your transaction and build your case.
• Surface owner has rights – The state law provides basic rights for surface owners, although, owners may decide on needing stronger protections for their own discretion.
• Buyers and sellers must be alert – The owner’s own knowledge of the subject will greatly determine the transaction’s success.

If you are looking to sell or lease your mineral rights, please consult first with our team of attorneys at The Mineral Auction to further understand all aspects of mineral rights process. Call us today at (512) 698-2802.

Edward Bass, an oil and gas investor from Texas, and Barnett Shale mineral rights owners settled with Chesapeake Operating, Inc., a natural gas production company.

Almost 4,000 acres in Tarrant County and Johnson County are owned by Bass and the other landowners. Chesapeake has been handling some of those properties since 2007. The lawsuit was based on alleged underpaying of gas and oil royalties and a breaching of contract with the owners.

In the lawsuit filed in 2013, Chesapeake Operating Inc. allegedly violated the agreement to sell, from one company to another, natural gas production. The company also allegedly made wrong deductions from royalty payments to hide expenses for production.

Daniel Charest, who represents the landowner plaintiffs, said, “We’re very pleased that this matter has been resolved… We believe the evidence was compelling on behalf of the property owners”.

If you are a mineral rights owner and aim to settle your property or sell your rights, consult with our team of mineral rights brokers at The Mineral Auction. Call (512) 698-2802 for a more in-depth discussion.

The month of September would be a good month to invest in natural gas, as the U.S. Environmental Impact Assessment (EIA) sees a dramatic plunge in the production of natural gas from seven major shale basins across the country after an all-time high several months ago, Business Insider reported on Wednesday, September 2.

In May, the seven major shale basins produced a total of 45.6 billion cubic feet per day. This September, however, the production is projected to drop 1.5%. The decline is partly due to the depletion from existing wells, as well as the lack of new wells being drilled. This decrease in the supply could raise the prices quite a bit, making it possible for the producers to gain profit and drill new wells.

The volatility of the oil and natural gas market makes it more appealing for mineral rights owners to sell their mineral rights rather than lease them. We at The Mineral Auction are here to help you get the best value out of your mineral rights. Get professional advice on selling your mineral rights by calling (512) 698-2802 today.

In a report published by Bloomberg Business late last month, Danish business conglomerate A.P. Moeller-Maersk A/S is eyeing for acquisitions in the North Sea to expand reserves, given that mergers and acquisitions are more cost-efficient nowadays than exploration.

Fluctuating oil prices is the primary reason why oil and natural gas players see takeovers as a better option than expensive explorations. Among the first to bulk up in the U.S. are Houston-based Noble Energy and Rosetta Resources in a buyout worth $2.1 billion. At the start of this year, Hillcrest Resources Ltd. has announced its purchase of Texas-based Gulfsands Petroleum USA. Late last year, Encana Corp. has announced its intent to purchase Athlon Energy in a multi-billion dollar deal.

In today’s volatile energy market, it would be a wise move for mineral rights owners to sell their mineral rights upfront to free themselves from the risks caused by the sector’s ever-changing landscape. To know more about getting the best value out of your mineral rights, seek the help of our team of mineral rights brokers at The Mineral Auction by calling (512) 698-2802 today.

An online report by Energy Global on Monday, June 23, revealed a multi-billion dollar acquisition has been concluded by Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of North American energy producer Encana.

Encana Oil & Gas (USA) Inc. recently sealed a $3.1 billion buyout of 45,000 net acres of the Eagle Ford Shale from mineral producer Freeport-McMoRan. The property, which is situated in the southern counties of Wilson, Karnes, and Atascosa in Texas, produced approximately 53,000 barrels of oil equivalent per day (boe/d) during the first quarter of this year.

Encana CEO Doug Suttles stated that with the property’s current production and drilling inventory, the company is positive in generating bigger cash flows and creating a wider portfolio of oil resources.

When it comes to shale gas exploration and production, Texas is indeed the ideal place to be. If you want to make the most out of this flourishing industry by selling your mineral rights, our team at The Mineral Auction is willing to guide you in finding the best value for your property. Call us at (512) 698-2802 to learn more about how we can help you.

By the end of 2014, Texas could outrank all OPEC member countries, other than Saudi Arabia, in terms of oil production, the Houston Chronicle reported Wednesday, April 23.

Greg Leveille from ConocoPhillips said that by the end of this year, Texas could produce 3.4 million barrels of oil each day, out performing every OPEC member-country except Saudi Arabia. The state’s oil output is also expected to top that of several leading oil-producing non-OPEC countries, except Russia, the United States, China, and Canada, which could make Texas the sixth largest oil producer globally.

The future of energy-rich Texas in the global energy market is indeed bright, and we at The Mineral Auction invite you to take part in this boom. If you are planning to sell your mineral rights, contact us at (512) 698-2802 to sell your rights at the best possible price.