An oil and gas royalty is essentially a right to oil and gas or other minerals. It gives the royalty owner the right to a specific share of oil and gas produced from a property without the responsibility of sharing in the costs of the development of the property.
The oil and gas royalty owner does pay production or operating expenses, however they are responsible for paying the Federal income tax related to their portion of the royalty. This tax is also known as a severance tax. In addition and depending on the terms of the lease, some oil and gas royalty owners also pay what is known as a handling cost. The handling cost is directly related to the royalty owners percentage interest and covers the expenses related to getting the oil or gas from the wellhead to a pipeline or refinery.
Submit Your Bid Request Online Today
If you are interested in selling your oil and gas royalty, lease or overriding royalty interest, you can submit your bid request directly through our website. You have no obligation to accept our bid, so there is no risk involved in finding out what your oil and gas royalties are worth.
Alternatively, you can call and speak with us directly by dialing (214) 453-3524.
Our Guarantee: Please remember, we believe in making every transaction personal, professional and confidential. We will never disclose our clients personal information and will treat any information provided to us by telephone or through our website confidentially. Submitting information to us does not obligate you to sell your oil and gas royalty.
