Benefits of Selling Your Pennsylvania Mineral Rights
Posted by Phineas Gray , on Jan, 2015
If you have Pennsylvania mineral rights, or any type of gas and oil royalties, then you have the potential to obtain a huge amount of money. However, this is only if you decide to sell the rights that you own. A common question for many people in this position is if now is a good time to sell their rights. Here at H&M Land and Mineral, we understand how this can be confusing. However, the information here will help you figure out if you should sell.
Why Sell your Pennsylvania Mineral Rights Now
We understand that each person has a unique situation. However, when you consider the following things, you will be able to determine if now is the right time to sell your Pennsylvania mineral rights, or your gas and oil royalties. H&M Land and Mineral has a number of tips that will help you make this decision as well, which we have outlined here.
Gas and Oil are high
Much like a number of other resources, gas and oil experiences lows and highs on the market. While the gas industry seems to be booming now, things can change extremely quickly, which means that you may stand to get more money if you opt to sell now rather several months, or even several years, down the road. We suggest you look at the current prices in order to determine if now is the right time to sell your Pennsylvania mineral rights.
Risks Associated with Waiting to Develop
We also understand that may people are relying on receiving money from the development of your land. However, you will run the risk of having a non-producing or dry well, which will wind up generating you little to no income. However, if you decide to sell your Pennsylvania mineral rights now, you will be able to get the money that you need for the assets that you have.
Receive Money When You Need It Most
If you make the decision to lease the mineral rights that you have, or to develop the land, you may face a timeline that is somewhat unpredictable. There are some companies that can take a number of years to develop your land, which will leave you waiting around for an indefinite amount of time before you get your money. However, if you sell your Pennsylvania mineral rights now, you will be able to feel confident that you get the money that you need, when you need it.
H&M Land and Mineral understands that it can be difficult to know when it is time to sell. However, when you use the information we have provided here, you will be able to see how beneficial selling now really can be.