Our Oklahoma communities are very family-focused. We believe in traditional family values where parents take responsibility for their kids by guiding and providing for them. And that’s something many Oklahoma residents take pride in.
Fathers and mothers will work overtime and sacrifice their own comforts to ensure their children have better opportunities. Because Oklahoma is rich in oil and gas, many locals may have family investments in that industry. Those royalties can add up to help cover collage expenses or pay off a mortgage…or both. To be clear, Oklahoma is the nation’s 6th-largest producer of crude oil and ranks 5th in natural gas production. That has a big economic impact on the state’s tax revenue. And for those who own royalties in Oklahoma gas and oil, they are contributors too.
Maybe when the kids were small, it was worth all the paperwork and obligations to get those royalty checks. You had long-term plans for your family, and the extra income helped to cover dental bills and college tuition. Then our kids grow up, priorities change, and we make new goals for our own future. Dealing with the yearly ‘hamster wheel’ of record keeping, lease renewals, deed changes, and trust documents has become tiresome. Maybe the kids graduated from college and are out there adulting. They are responsible for their own lives now, and you can breathe easy because your parenting supported their success.
Now, maybe it’s time to invest in less risky markets as you look toward retirement. You’re thinking of the benefits of having a lump sum in the bank and no mortgage. There’s also a bucket list you expect to begin checking off soon. And you realize it can all happen after you sell gas rights in Oklahoma
The gas industry is a volatile market, and it may be time to say ‘adios’
When people review their investments, it’s important to consider their life stage and goals. Checking risk tolerance is key. Younger investors have more time to invest in a more volatile market, so they tend to have a higher risk tolerance. As we age, we begin to think about saving what we’ve accumulated. Maybe we want to continue investing, but in places where the drops don’t come so fast and don’t destroy our portfolio. Fidelity offers some common-sense advice for handling a volatile market. It includes simple steps for rebalancing your financial portfolio in more stable markets.
If you’re ready to talk to an expert about selling gas rights in Oklahoma, our family-run team is here to help. We will listen to your current situation, do the research, and offer a fair price for your oil and gas royalties. The result can get you off that cumbersome hamster wheel of royalty management and paperwork. We work fast and will have a lump-sum payment in your hands quickly. Then you can focus on investing in what your family needs next.