Benefits of Selling Your Mineral Rights

Enfield Minerals holds mineral rights in various mineral-rich states, including Texas, Pennsylvania, and Oklahoma, among others. If you currently hold mineral rights, you may want to consider selling them. While that suggestion may surprise you, it’s offered with your best interests in mind as selling your mineral rights can yield significant benefits in both the short and long term. Read below to find out why the answer to the question, “should I sell my mineral rights?” is a resounding “YES!”

Diversification

Selling your mineral rights to Enfield Minerals can enable you to diversify your investment portfolio. In general, mineral rights are what open the door to their owners receiving bankable royalties from operators contracted to extract minerals from the related ground. If those operators underperform, your royalties and thus the potential value of your mineral rights will suffer.

Quite often, people who own mineral rights have them in just one location. That lack of diversification can work against you if you end up with a bad operator.

To protect your interests, it’s advisable to sell your mineral rights if they account for more than five to 10 percent of your overall net worth. Doing so will free up cash that you can use to diversify your portfolio. It will also spare you any financial risk affiliated with an operator that underperforms.

Lower Taxes

When you contact our mineral extraction company, we’ll explain that the royalties you receive as a result of owning mineral rights is subject to various federal, state, and local taxes. By selling your mineral rights, you won’t have to worry about tracking your royalties, completing difficult tax returns, and paying hefty taxes that might be higher than expected depending on your operator’s production.

Easier Estate Liquidation

Transitioning mineral rights to heirs can be a hectic, costly, and time-consuming process. Depending on the laws in your state and how your estate is set up, your heirs may have to spend thousands of dollars to get the mineral rights you left them and spend years dealing with probate court.

By selling your mineral rights to our mineral rights firm now, you can convert their value into cash. Gifting cash to your heirs at the time of your death is significantly easier and less costly than leaving them your mineral rights directly.

Pay for Other Things

Do you want to fund your retirement, settle debt, or pay for your children’s education? You might be able to do any one or all of those things by selling your mineral rights depending on their market value. Request a quote for your mineral rights from Enfield Minerals now!