We all
might have heard the term “royalty” at more occasions than imagined, but have
we given any serious consideration to the topic.
Do you
remember?
In 2006,
the Beatles, a very popular American band, sued two record companies of the
United States for a heavy amount of 25 million dollars in royalty claims.
Earlier, Universal Records won a case against the widely popular rapper, Eminem
who filed the case for half of the royalties to his songs that were downloaded
online.
What is
royalty?
In its
simplest form, a royalty is a sum of money that is negotiable, constitutes your
share in percentage and gives the gas royalty buyer, the authority to market the commodity or product. In gas and
oil ventures, for example, the landowner allows the machinist to drill the site
for gas and oil. In addition, whatever extracted is to be shared by the parties
involved at a pre-determined rate.
In other
case, if the owner of the land in question is the government, then the terms
are changed a bit. The state has the option to reserve its share until the
operator / driller can yield returns on his investments.
The gas and
oil industry is considered capital-intensive and trading oil and gas royalties
is the next big thing if you are short on cash. Just try serving a notice and
you will definitely be surprised by how many gas and oil management firms will
contact you throughout the day to bid.
If you were
really into it, then you certainly would not mind doing a little legwork. It
will not be that difficult either because the strong competition will force the
gas and oil firms to offer bonuses and incentives just so you will lease or
sell them the royalty interests. If you are completely blank on what to do next
then how about free-of-cost management advise? If you are curious about your
property’s value, then do consider free assessments from a pack of experts and
engineers.
How would it
feel like if you had the opportunity to earn big payoffs on your non-producing
minerals and how about a formal acceptance bonus as well?
Gas royalty buyers generally shoulder any
processing fees and property taxes there are concerning the lease or sale of
your mineral royalties. If there is an ideal time that you could rekindle with
your lawyers then this is it. Even if the company that is dealing with you is
trustworthy and you would even gamble your property, it is still advised to
consult with your own legal counsel. It is just to have a clear perspective on
the contract and whether it will be of any benefit to you.
To be on
the safe side, it is a good idea to collect and preserve the information about
your property like documental proof for the ownership of land, proof of no
litigation cases in any of the courts as well as any previous lease agreements.
Once you are all prepared and ready, you can start the negotiations for your
mineral royalties with a gas royalty
buyer or an oil royalty buyer.
Uni
Royalties Ltd. is a petroleum management firm that has a wealth of experience
in the oil and gas industry. We are oil and gas royalty buyers that carry out free assessments for your land
and help in maximizing the returns on your mineral royalties. If you have any
questions, please do not hesitate to call us on our toll free number (1 888 916
0220).
Alternatively, you can also visit our website, http://www.uniroyalties.com/gas-royalty-buyer for
more information.
