These days, working remotely has become a standard option for many professionals. Online video conferences and emails from the ‘home office’ have been normalized. The positives of this approach are cost savings for a company, such as no office space to lease and no driving stipend for commuters.
Employees who don’t practice remote work might think it could be a better answer to work/life balance. But they may be surprised when they find out it’s not. Because working remotely doesn’t always have an ‘off switch.’ Many business leaders believe employees who have this privilege are obligated to be available after regular business hours.
In general, when you are physically at a job, once you clock out and leave, your time is your own (yes, we know there are exceptions, but that’s why we say ‘in general’). When your personal schedule involves after-hours family time, there are no distractions. You don’t have to walk away from a special moment to speak to a business colleague.
The University of Scranton posted an article about the pros and cons of remote work. If you’re thinking about selling your mineral royalties, you might be able to relate to the cons. Not everyone lives in the state where they own mineral rights. Many royalty owners in Texas and Oklahoma live in other states. But they still have to manage their responsibilities.
Get your time back and talk to a team that buys mineral rights
One of the biggest challenges you may be experiencing is time management. Owning mineral rights remotely can cause some of the same issues remote workers experience. Here are a few things to consider:
- Time Zone Challenges: If you live in another state or country, conference calls could have you talking business at 11:00 pm to 4:00 am. Even a dedicated night owl might find this a challenge.
- Boundaries Are Blurred: When you’re at your kids’ soccer game, the last thing you need is an emergency call about your oil & gas rights. A lawyer might be calling about a horizontal-drilling problem that’s sucking out your resources.
- No Off Switch: Worrying about the value of your mineral rights can have you checking the market on your phone every day. And put you in a tailspin over the overnight price drop.
- It’s Not Your Wheelhouse: The royalties were a gift; it’s not where your expertise lies. People tell you that you are lucky to have oil & gas royalties, but they don’t manage the paperwork or understand the market.
Constant interruptions and concerns about managing your rights and royalties from afar can lead to burnout. This is when it’s time to think about how to sell your mineral royalties. A lump-sum check gives you more control over where you want your investments to go. And it can alleviate the pressure of continually monitoring and educating yourself about an industry that is complex and volatile. We are a team of experts who buy mineral rights for Texas, Oklahoma, and other states. We also buy royalties! Our process is simple, personable, fair, and quick.