Frequently Asked Questions
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If you own mineral rights, you own the rights to the natural resources found at or below the ground’s surface. Such resources could include natural gas, oil, iron, or other valuable materials. The owner of the mineral rights is able to control what is done with those resources.
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People sell their mineral rights because the sale results in something immediate and sure. When you sell your minerals, you know exactly what you will receive in exchange — a predefined, lump sum cash payment without fees or associated risk. Holding onto your minerals with the hope of one day making money off producing royalties is a much more risky investment because it’s impossible to know what will happen to those assets in the future. By selling your minerals, you receive payment regardless of what happens to the minerals down the road. What you choose to do with the money is entirely up to you. Some people use it to pay off their home, high-interest debt, student loans, or medical bills. Others move, pursue new hobbies, pass the money down to their children or grandchildren, or plan a family vacation.
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There are many factors that determine the value of your minerals including location, acreage, and nearby production activity. Our engineers and geologists will assess your property based on current and future producing value.
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Ten Point Minerals is able to make some of the highest offers in the industry because we are a small company with efficient operations. We don’t have the overhead costs that other “big oil” companies do, such as large offices and hundreds of employees. We take the money we save by operating efficiently and put it right back into our offers. If you received an offer from another company, we highly recommend getting another one for comparison. Contact Ten Point Minerals today to begin the process. It’s quick and easy.
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You will work directly with an employee of Ten Point Minerals. We’ll take the time necessary to answer your questions and guide you through the process. It’s our greatest goal to ensure you feel comfortable and confident throughout the whole experience.
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Many people who work with Ten Point Minerals comment on how quick and easy our sale process is. We generally follow five steps described in greater detail on Our Process page.
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Many people who work with Ten Point Minerals comment on how quick and easy our sale process is. We generally follow five steps described in greater detail on Our Process page.
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From start to finish, the process of selling your minerals usually takes less than four weeks. It’s rare for the process to take longer than eight weeks and your cash payment is sent within a week of closing.
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Purchasing mineral rights is a long-term investment strategy. There is no guarantee or sure way to predict how much value your minerals will produce after the ownership changes. When you sell your mineral rights, you are taking a guaranteed amount of money and forgoing the associated risk of holding onto the minerals. Ten Point Minerals assumes the risk needed to put the minerals into production. Instead of waiting each month for a small royalties check, we offer you a lump sum amount that you can put to use right away.
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Absolutely. If you prefer to sell only a portion of your mineral rights, we can provide you more information about this option.
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You do not. You can own your surface rights without owning your mineral rights and vice versa — this is referred to as “severed rights.”
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You do not. We don’t place any administrative costs or fees on top of your offer value. What we offer is what you’ll get. Even if you don’t sell your minerals to us, we provide the land assessment, information, and support for free. More than anything, we want to be seen as a trustworthy source of information.
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Yes, you will need to pay capital gains tax on the money you receive. Capital gains tax is usually around 20%. In comparison, royalties are taxed as income which can be as high as 37%, depending on your tax bracket. If you choose a lump sum payment, you will likely be taxed less than if you pursue the long-term royalty option. We recommend speaking with a lawyer or accountant to better understand your unique tax scenario.
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Ten Point Minerals operates primarily in the Williston Basin of North Dakota, where we have extensive experience with the land and local people. We also work in neighboring states and are available to work with landowners from across the country.
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Our offers are valid for three weeks. If you choose to accept our offer after the three-week period has passed, we will reassess your land and make a new offer. Remember, even if you’re not ready to sell all of your mineral rights, you can choose to sell a portion. Whatever your needs are, we’re here to meet them.
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This is common and something we can help you work through. We have experts on our team who are able to quickly decipher your unique scenario so you can make an informed decision. Contact us today to request assistance.