The saying goes, ‘you can choose your friends but not your family.’ Even if most family members get along, some may be quirkier than others. Or very opinionated about what they do and don’t understand.
At family gatherings, it might become passionate when the discussion turns to the best way to barbecue ribs. And what about who is the better football team: Oklahoma State Cowboys or the Tulsa Golden Hurricane? Some family squabbles can all be good fun, while others cause serious tension.
Sharing assets as a family can be tricky. There may be different viewpoints about what to do with a member’s share of their mineral rights. Sister Sarah might wonder, ‘Should I sell my mineral rights in Oklahoma?’ While Uncle Don goes a step further, asking, ‘Who buys mineral rights?’ Individual knowledge about the value of Oklahoma mineral rights can add to the confusion too. Some families may have no idea about the oil and gas industry, while others claim to know something.
Think of collectively owning mineral rights and royalties like a large animal. The story of ‘The Blind Men and the Elephant’ is a very old and wise parable about how personal experiences do not equate to absolute truth. And this is why a wider perspective from a professional helps the group come to a more informed decision.
Answers become clear when working with an expert who buys mineral rights in Oklahoma
Instead of allowing Uncle Frank to run the show and use his minimal knowledge to manage the family mineral rights, it’s better to contact a real expert. Someone who buys mineral rights every day and offers a depth of knowledge making a positive difference for the entire family.
Our Oklahoma-based team works with family mineral and royalty rights. We are familiar with the complications and possible mistakes family members can make without the right information and guidance. For example, Harbor Energy does a full review of the entire ‘beast.’ After our research, we come back and educate the family on viable options. This includes setting real expectations on the value of the rights and their future potential. Grandparents might be ready to let go and sell their portion. Nieces and nephews could choose to lease their share for royalty payments over time. Once the family understands what it really owns, it’s easier to choose between ‘should I sell my mineral rights?’ and ‘should I keep my mineral rights?’
Family members may choose different options for their share too. Although it’s better to sell them all at once (buyers appreciate an uncomplicated purchase), we can help each family member choose what’s best for them.
Family arguments are common. And there are few hard feelings when it’s over barbecue or football. When it comes to mineral rights in Oklahoma, our team is ready to help families see the bigger picture. And we can buy mineral rights with a professional and fair offer.