A short story…. Two men were at the hardware store and in walks a guy who asks… “Have you leased your mineral rights yet? I’ll pay you $500 an acre – and write your check this morning.” One man grabbed the check and ran straight to the bar. The other man grabbed the lease and ran straight to his attorney. One of these men had a million friends that night. The other had a million dollars in the bank.

Three things are required to make a successful mineral rights deal: 1) knowledge, 2) skill, and 3) patience. If your abilities fail in any one of the three, you can lose a lot of money. In a mineral rights transaction you will be dealing with a professional negotiatior with deep knowledge. If you don’t have all three of the required abilities, then find a good attorney or other mineral property professional. Their assistance usually doesn’t cost a lot, but the difference that they can make in the transaction can be enormous.