Who doesn’t love receiving passive income? And for those who own royalties (such as oil and gas royalties in Texas or Oklahoma), it’s a nice boost to their personal finances. There are different kinds of royalties, and they normally fall into five categories:
- Intellectual Property Royalties: These are associated with intellectual property such as: copyright, patent, trademark and licensing for software.
- Natural Resource Royalties: Payments to landowners, governments or businesses for the extraction of natural resources. It includes: mineral royalties, timber, water and land use.
- Business and Franchise Royalties: Trademarked brands receive royalties such as: franchises and commission-based entities.
- Music and Performance Royalties: These are payments to creative artists and include; actors, artists, musicians and writers.
- Specialized Royalties: This covers movies, streaming services, magazines, academic papers and digital content.
Investopia posted an article about understanding royalties. Although it’s great to receive royalties, sometimes you can’t rely on them to keep delivering large sums. For instance, things like popular books, movies, and songs have a ‘shelf life.’ And the royalties may eventually shift from a waterfall to a trickle. The same can be said for technology, clothing brands, and even people. And it can also apply to mineral rights. Maybe the land has stopped producing as much, or it’s gone dormant. Or maybe the driller is not renewing a lease. Maybe you aren’t receiving the ‘royal treatment’ in the form of a check from those mineral royalties anymore. And if you are tired of the legal hassles, paperwork, and so forth, it could be time to consider how to sell your mineral royalties.
State Your Business and Get That Lump Sum
As a local Oklahoma team who buys mineral rights, we understand that sometimes royalties take a nosedive for several reasons. And if the royalty recipient is out of state, they can struggle to pinpoint the best pathway to sell mineral royalties. We’ve created an easy process that can be managed by owners living in any state in America. For instance, if you own natural gas royalties in Texas but live in New York, no problem! We’ve streamlined the process to help provide remote evaluations, clear offers, and easy closings. We are an Oklahoma-based company and have built an expertise in evaluating mineral royalties from any state. We walk out-of-state owners through the process, requesting a few pieces of information to get going on our research. If you are ready to sell your mineral royalties and receive a lump-sum payment, it is recommended that you consult an experienced professional. One that allows you to state your business and get that lump sum easily. Contacting an Oklahoma business who buys mineral rights is the first step to success.