Frequently Asked Questions
Have questions about selling your mineral rights?
Mineral rights can be confusing, and we want you to be comfortable with your decision to sell. Here are answers to some of the questions you may have.
We need a copy of your most recent royalty statement sent to you from the operator. This statement provides important information, such as production volumes, local commodity prices, and any deductions. This information is only available on the royalty statement.
In order to accurately underwrite an offer for your interests, we need key information found only in royalty statements, such as local commodity prices, ownership interests, and deductions taken by the operator from your royalties. This information is then combined with our engineering forecast of future production and royalties for all current and potential future wells associated with your interests.
We research and identify prospective customers from publicly available records found in County Courthouses. These public records include oil and gas leases, deeds, and other relevant filings that include information that we use to reach out to our potential customers.
We evaluate your mineral rights based on several factors, such as the type of interest you own, current and future production, current and future commodity prices, remaining inventory of wells to be drilled, permitted wells, and deductions taken from your royalties by the operator. Our thorough underwriting generated an offer that incorporates all of these factors and more.
We do not make a per-acre offer on mineral rights. We generate our offer based on forecasted royalties and other critical information only found in your royalty statements.
We are very interested in acquiring all producing mineral rights. We intend to provide you with a fair and competitive offer for part or all of your mineral rights.
At this time, our focus is to purchase producing or permitted-to-drill mineral rights. We encourage and appreciate you keeping us in mind if your non-producing mineral rights are leased by an operator, permitted to be drilled, and start generating royalties. We would be delighted to provide you with an offer should your mineral rights begin generating royalties.
We may be able to acquire your mineral rights, depending on the level of title complexity your property may have. Our dedicated title team will conduct thorough title due diligence to determine whether we’re able to acquire your mineral rights.
Selling your mineral rights now can prove to be a strategic and financially sound decision. By taking action at this time, you can secure a guaranteed payment for your assets before their market value potentially declines. Opting to liquidate your mineral rights enables you to access immediate funds that can be utilized to invest in more profitable opportunities.
We are actively acquiring mineral rights in North Central West Virginia
Applewood Land is a reputable and legitimate company.
The answer to this question is different for everybody. Read more about the different factors you may want to consider when weighing this decision.
Applewood Land is committed to doing business the right way. We are building a business based on honesty, fairness and respect. In buying a balanced portfolio
There’s no obligation. When you give us a call, we’ll help you explore your options with your oil and gas royalty. You’re under no obligation to sell, and all conversations are kept confidential.
No. We are locally owned compay …..
It depends. We can often provide an offer within a few days and close in a week, but that depends where the minerals are located and how easy it is to verify a clean title. In some areas, records are online and we can move quickly. Other areas require that title records be sent via mail. In some cases there is a title defect that must be corrected before we can close. — The bottom line is that we try our best to close within a week or two. It rarely takes longer and sometimes, we can close in a matter of days
Absolutely. You can sell any percentage of your mineral rights (it is common to sell 50%). You can even sell the royalty interest and keep your mineral interest. Selling only the royalty interest is a way to get a lump sum of money now and still keep the mineral interest in your family.
Yes. Oil and gas are finite resources, and all petroleum reservoirs will eventually be depleted, some faster than others. Additional wells can temporarily increase royalty income. However, as technology advances and operators pull oil and gas from the ground faster, decline curves accelerate, shortening the productive life of a well. Many mineral owners choose to sell their minerals while the value is still high. That money can be invested in other ways, used to improve your lifestyle (new car, new house, remodel, vacation, wedding, solar panels, or any number of other options).
Still have a question?
If you’d like to know more before about selling mineral rights before requesting an offer, check our FAQs page or ask your question here.