The following are some of the more common reasons why people sell their oil and gas properties.
Cash Flow Needs: Rather than waiting for monthly, quarterly, or annual checks to arrive, selling provides a lump sum cash-out opportunity.
Elimination of Paperwork: Selling oil and gas properties can help eliminate the necessary maintenance of depletion schedules and property tax records. In addition, selling simplifies a federal income tax return.
Elimination of Trusts, Estates and Partnerships: Selling properties held in a trust or estate helps eliminate associated expenses as well as the need to maintain separate bank accounts. It also allows for the elimination of monthly distributions and their associated tracking, as well as simplifying tax returns.
Fractionalization: As minerals and royalties are handed down through various generations, they become increasingly fragmented. Because of this, the economic benefit to each generation declines exponentially. They also become more expensive and complicated to manage and pass down.
To request an offer on your mineral or royalty interest, please click on the “Make Me an Offer!” link to the left.
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