Learn how to Sell Oil And wood and coal gasification boilers Gas Leases To Earn Extra Income
It seems that everyone is either experiencing or knows someone whose experiencing financial difficulty. Many are have taken the barter-trade route of Craigslist to supply the extras for his or her family and others have decided to lease rooms or sell items of property.
An often overlooked and lesser-known source of revenue is the option to sell oil and gas leases or a mineral rights lease to generate income from deep-pocketed petroleum and mining companies with whom you’ll be able to enter into “working interest” agreements. Many individuals choose to sell oil and gas leases on their property as a simple approach to generate extra income from land that they’ve already invested in. Working interests are beneficial to the property owner because the burden of exploration costs and mineral production or petroleum extraction are placed upon the company and never the individual. Individuals may decide to sell oil and gas leases to oil and gas exploration companies in exchange for a portion of the proceeds of the land on which exploration firms have agreed to put money into.
If you’ve got ever driven down a highway and seen a lone pump jack, common in areas resembling West Texas, then you have seen a land owner who has let his land to an oil company. In areas where oil isn’t common or in mountainous areas where useful materials could also be located, an option for a lot of is to sell mineral rights to extract: copper, gold, quartz, topaz or amethyst, all of which are lucrative commodities. Due to the high degree of geological diversity across the United States there’s a very good chance that no matter where you own land you can sell oil and gas leases to working interests – effectively generating revenue with little to no initial investment. Some property owners have received payouts within the millions of dollars for a 100 acre oil rights lease!
With a growing need for energy production domestically many land owners, especially in the Southern United States, choose to sell oil and gas leases. The typical royalty is approximately 1/8th of the production – meaning that roughly $125,000 per $1,000,000 per working interest is generated for oil and gas royalty. This is quite the hefty profit for wood and coal gasification boilers little-to-no upfront investment. Typically the exploration/extraction company shoulders the logistical burden of processing the site, which could require specialized equipment and expertise that is mostly not possessed by the everyday landowner.
For those who own land it could also be in your interest to consult with a mineral or oil and gas exploration service near you. You may even want to contact and conduct your individual geological survey. Many individuals aren’t even aware of the composition of their land and for little-to-no cost you would end up literally sitting upon a gold mine. You never know. Your lifetime financial security could be just around the corner.