Kansas Mineral Exploration License - Option to Lease
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FAQ
As a mineral rights value rule of thumb, the 3X cash flow method is often used. To calculate mineral rights value, multiply the 12-month trailing cash flow by 3. For a property with royalty rights, a 5X multiple provides a more accurate valuation (stout.com).
Investing your money earned from your mineral rights can be endlessly rewarding. When done correctly, the investment will often pay itself off and can provide you another source of income, be used to pay off a mortgage, or be used to start a college fund for your children or grandchildren.
Mineral rights give a property owner the right to keep, sell, mine, produce, or extract the mineral estates. As an owner interested in putting these rights up for sale, oftentimes you will encounter oil and gas companies that favor a lease agreement to the mineral rights.
Mineral Lease a contract between a mineral owner (the lessor) and a company or working interest owner (the lessee) in which the lessor grants the lessee the right to explore, drill, and produce oil, gas, and other minerals for a specified period of time.
In Kansas, the landowner usually owns the subsurface rights, but sometimes these rights have been severed, or separated from the surface ownership. Severance of mineral rights occurs when the owner of both the surface and mineral rights sells or grants by deed the mineral rights underlying their property.
If you have mineral rights, you have several options available to help you profit from them. These include: 1) leasing the minerals; 2) selling all or a portion of the minerals; and 3) participating in development of the minerals.
Mineral rights can be an excellent investment for you and it will become endlessly rewarding provided that it is done in a correct manner. It will be a supplemental source of income that enables you to earn a royalty lifelong by selling your mineral rights.
If you have a property that does not currently produce royalty income and you do not have an active lease, the value is nearly always under $1,000/acre. The average price per acre for mineral rights that are not leased is between $0 and $250/acre.
After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.
