Whenever oil or gas production begins, the landowner is entitled to part of the total production. A royalty is agreed upon as a percentage of the lease, minus what was reasonably used in the Lessee's production costs. The royalty is paid by the Lessee to the owner of the mineral rights, the Lessor in the Lease. It is based on a percentage of the gross production from the property and is free and clear of all costs, except for taxes. Traditionally, royalty can be 1/8 of production or 12.8 percent of production; however, it can be any fraction of production, depending on the royalty clause in a lease. The landowner should negotiate for as high a royalty as can be arranged.
The role of Clear Fork Royalty is to connect people looking to sell oil rights with people who are looking to buy them. They have an extensive network of clients based in more than 24 states and they are more than sure to land anyone a deal. No matter where is the oil, be it in Texas or Uzbekistan, the company will make sure both parties are content and that the red tape does not stop the oil extraction process.
In conclusion the company is a great opportunity for anyone who is looking to make an income on oil and gas royalties, it has a great network of clients which makes quick and good deals possible and more so it has great staff whose experience in the business makes everything seamless, the staff proving to be the companies greatest asset. Last but not least, its experience in the business allows it to mitigate potential conflicts between the parties in record time and with optimal consequences for both. This way the company makes sure that both parties make a fortune on oil, be it via oir royalties or by investing and setting up an oil extraction business.
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Clear Fork Royalty is a US-based oil and gas mineral rights and royalty acquisition company with interests in over 250 counties in 24 states in the US. The company is known to be one of the first in the market to help you sell your oil rights for the highest price.
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