Oil Prices Crash to 6 Year Lows

When oil prices crash to 6 year lows the pain is felt across the entire industry.   Ever facet of the industry is affected when oil prices drop over 50% from the previous year.   Just 12 months ago we were hovering around $100 oil prices.    We have recently retreated to around $40/barrel which represents a 60% drop in prices.   As oil prices crash to 6 year lows we are seeing the impact across the board.

Oil Price Crash Affects Mineral Owners

The most immediate impact when oi prices crash to 6 year lows is on the royalty checks mineral owners receive each month.   Mineral owners are starting to notice a sharp decline in their royalty income each month.   Checks that were once $1,000/month are now just half of that.

For many mineral owners this can represent a significant problem.   If you rely on this income each month it can make things difficult.   Some mineral owners have decided to sell oil and gas royalties so they have a known amount of cash.   When you sell mineral rights it gives you the ability to know exactly how much you have.  You aren’t exposed as oil prices crash to 6 year lows because you already have cash in the bank.

Long Term Implications

We’ve been hearing from a number of mineral owners recently.   Many are curious to know how long prices will stay low.  Unfortunately it looks like prices are going to stay low for a very long time.  The reason is that there is a large amount of oil supply in the market.   The ability for companies to frack and extract more oil is now creating a bad situation for owners.  Fracking gives companies lots of extra oil each time they drill.

The long term outlook due to fracking would indicate that we will have an abundant supply for years to come.   For mineral owners this means a reduced amount of royalty income for years to come.   It’s impossible to say when things will change but we estimate the impact will last a minimum of 3 to 5 years.

Many mineral owners we have spoken to have decided to sell oil and gas royalties in Texas.   Rather than wait for prices to go back up, they woulds rather have a fixed amount today.   This prevents them from worrying about further price drops in the market.

Contact Sell Texas Royalties

Whether you need to sell oil and gas royalties in Texas or just have questions, we can help!  Simply fill out the form below and let us know how we can serve you.

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Common questions

The more information you can provide about your property the better! We can give you a better idea about the value of selling royalties if you provide more information. The main thing we need to know is how much your receive each month from your royalties. Any additional documentation you can provide is extremely helpful!
Absolutely not! When you request a quote or provide information about your royalties, you are not obligated to anything. We will simply help answer your questions or provide you with an estimated amount you would receive for selling royalties.At Sell Texas Royalties, we work with a large network of buyers. You can feel confident that the amount you receive for selling royalties will be fair market value.
We usually provide you with a quick quote in as little as 24 hours! You’ll quickly find out how much selling royalties in Texas could be worth.
If you are just looking for information and do not want to sell royalties, fill out the form anyway! We’re here to help answer your questions. If you just want to better understand your royalties, we’re happy to help. We just hope you’ll remember us when you do decide to sell royalties in Texas!
At Sell Texas Royalties, we take privacy very seriously. We will NEVER sell your information or use it without your consent. When you send us documentation or tell us about your property, that information does not go outside our company.
At Sell Texas Royalties, we work with a large network of buyers. You can feel confident that the amount you receive for selling royalties will be fair market value.
When you sell royalties with us, there is no cost to you. When one of the buyers in our network purchases a property, they pay us a small fee. This means there’s zero cost to you when you sell! In addition, we don’t prioritize one buyer over another. We select the buyer that can pay you the highest possible price!
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