4 Questions to Ask Before Selling Oil and Gas Royalties
Sometimes selling your oil and gas royalties is the right choice, but that doesn’t mean it won’t come with questions. Clear Fork Royalty wants to keep our clients informed, and help you make the right choice for your oil and gas rights.
Here are four of the most common questions we get regarding selling oil and gas royalties. Don’t see your question answered below? Contact us to learn more, have all of your questions answered, or to simply discover your options.
How Do I Know Who to Trust When Selling Oil and Gas Royalties or Mineral Rights?
This is a common question, and can be tricky to know, as every company says they can be trusted. So then how do you truly know how to separate the good from the bad?
You check their history, reviews, and testimonials.
Like us, for example – we have press, awards, and testimonials showcased on our homepage right here so you can be sure we have the history, experience, and reviews necessary to do the job quickly, correctly, and with your best interests in mind.
How Much Will It Cost Me to Sell My Oil and Gas Royalties?
With Clear Fork Royalty? Absolutely nothing.
We don’t ask you to pay any charges, fees, or dues, because we work for you, not the other way around.
Clear Fork Royalty covers all administrative and paperwork costs, to ensure you have a streamlined, seamless experience if and when you decide to sell your oil and gas royalties.
Beware of companies that try to have you pay out-of-pocket fees, as they’re supposed to be paying you for your oil and gas royalties, not having you pay them just to buy it.
Will I Have to Pay Taxes on This Sale?
Only two things are certain – death and taxes, and unfortunately this is true in selling your oil and gas royalties too. Not the death part, but definitely the taxes.
You will have to pay federal and potentially state taxes when you sell your oil and gas royalties. However, most likely this income will be taxed as capital gains, which means you pay a lower rate than you have throughout the history of your royalty monthly or quarterly payouts.
If you have additional tax questions you should ask your tax professional. Our team can inform you of our experience in this area, however, a professional tax accountant will be able to deliver legal advice and potentially find you lower owed-taxes!
What’s Your Process and How Would I Start?
Our process is simple: first, confirm your ownership either with a deed or chain of title. Next, simply ask us for your free, no-obligation quote. If you choose to accept, we’ll do the rest!
We’ll get the paperwork all set up and sent out, so you don’t have to worry about which forms for which counties or any paperwork confusion or mistakes. After you receive the paperwork, just sign it in front of a notary and have them send a copy of the paperwork back to us – you can keep the other for your records.
Then you’ll get your quoted payment lump sum, and you're done! It’s as simple as confirming your mineral rights, signing the deed and getting paid!
Contact Clear Fork Royalty
If you are considering selling some or all of your oil and gas royalties, then contact Clear Fork Royalty, as we have the experience, reviews, knowledge, and simply the process you’ve been looking for.
We’re happy to answer any and all of your questions, as well as walk you through our process step-by-step so you have all the information, all the time!
We don’t pressure you to sell, and instead give you a completely free, no-obligation offer so you’ll know what your mineral rights are worth right from the beginning of your selling process.
Sound better than the other guys? Good! Let us know and contact us today.