How do I get oil and gas royalties?
Buying minerals occurs in clear phases:
- Phase 1 — Find potential royalty owner sellers.
- Phase 2 — Solicit sellers with an offer to purchase their royalty.
- Phase 3 — Receive incoming calls from sellers with questions.
- Phase 4 — Quickly perform due diligence on sellers who think they wish to sell.
What is standard royalty on oil and gas lease?
For many years, almost all oil and gas leases reserved a 1/8th royalty. Today, the royalty fraction is negotiable, and is usually between 1/8th and 1/4th. Bonus. The bonus is the amount paid to the Lessor as consideration for his/her execution of the lease.
How do I get oil to lease in Texas?
The indexes for prior months are available on microfiche in Central Records. Contact Central Records at [email protected] or 512-463-6882.
How do I invest in oil leases?
If you choose to buy futures or options directly in oil, you will need to trade them on a commodities exchange. The more common way to invest in oil for the average investor is to buy shares of an oil ETF. Finally, you can also invest in oil through indirect exposure by owning various oil companies.
Who owns Texas oil?
Chevron Corporation
Texaco
| Formerly | The Texas Company (1902–1959) Texaco (1959–2001) ChevronTexaco (2001–2005) |
|---|---|
| Brands | Havoline (1931–2001) |
| Owner | Chevron Corporation (2001–pres.) |
| Subsidiaries | Indian Oil Co. (1931–1943) |
| Website | texaco.com |
How do I value my oil and gas lease?
The convention is to simply multiply the trailing 12-month cash flow figure generated by the subject property or collection of properties by three (3) and the result presumably represents the market value of such properties.
How do I research an oil and gas lease?
How do you determine if your property is already subject to a recorded oil and gas lease? A search of the public records at the county register of deeds office is necessary. For example, in Oceana County, the public records are available online, or you can go to their office.