There are many reasons why you might sell your minerals. For many people these assets may carry some sentimental value because they were inherited from a parent or grandparent. It is important to think through the practical elements of mineral ownership and the benefits of a sale.

Minerals can be a complicated asset to own. Some of those complications include:

• Tax reporting from operators in order to properly reflect the income in your tax filings. Keeping track of these documents and ensuring that operators provide them on a timely basis can be very time consuming.
• Payment of property taxes related to mineral properties can be cumbersome. Many of the taxing authorities in these counties can be difficult to deal with.
• It is important to have the leases that govern the relationship between the mineral owner and the operator to ensure that the operator is in compliance with those documents. Most mineral owners do not have these documents or an ability to easily access them.

Selling minerals can unlock value and provide liquidity. Many owners have elected to sell for the following reasons:

• Pay off a student loan, car or truck loan or a mortgage
• Buy a new car or truck
• Buy a new home or ranch property
• Provide cash to settle an estate