WELCOME TO MINERAL ASSIST
Assisting and Consulting on the Sale or Leasing of Your Oil or Gas Minerals
Have you received an offer to lease or sell your minerals lately?
Multiple offers? Contact Mineral Assist before you sign the deal. At no cost, we will analyze your minerals, assess a value, and negotiate the best deal possible with the company making the offer, or a different company if advantageous.
We only make money if you make more money.
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OUR MISSION
To assist and advise mineral owners how to get the most money, highest bonuses,
and best Royalty rates for their oil and gas minerals.
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RATES
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We only get paid if we help you get more for the sale or lease of your minerals than the offer you currently have in hand.
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OUR STORY
Mineral Assist was born out of an obvious need stemming from the experience of our parents. Both sets of parents made terrible mistakes with the minerals they inherited.
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One set of parents inherited 32 acres (surface and minerals) in the panhandle of Texas and sold to a family member for $400/acre ($12,800 total), thinking that an old dried up gas well on the property effectively condemned the mineral value. Within 2 years that family member leased the minerals to a company for $5000/acre in up front bonus and 15% Royalty Interest (the company gets 85%). Those parents lost hundreds of thousands of dollars in bonuses and royalties as well as losing the surface, which has been leased to a farmer for 12 years now.
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The other set of parents (who lived in Oklahoma) also inherited about 50 acres (minerals only) in West Virginia. In 2010 they received an offer to sell their minerals for $1000 ($20/acre) to an attorney in that area. They had signed and notarized the papers and were about to send the contract back to the buyer when we caught wind of the deal and stopped it. Instead, after researching the activity and geology in the area, we negotiated a 5 year lease for $500/acre up front bonus + 15% Royalty with an oil company that was active in the area. The parents made an extra $24,000 up front. At the end of 5 years no wells were drilled and they were free to negotiate their 50 mineral acres with anyone and start the process all over again.
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It became apparent that these scenarios were likely playing out for thousands of people around the country. People with minerals, often through inheritance, that had no idea of the value of those minerals and were receiving offers from mineral buyers and oil companies that were significantly undervalued.
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Having lost our desire to work for an oil company, and with a heart to help people that may not know or understand what to do and how to evaluate their minerals, we've dedicated our 35 years of expertise in analyzing potential oil and gas areas geologically and negotiating deals to help mineral owners better evaluate and negotiate the leasing or sale of their minerals.
Pricing Details
Our services are designed to cost you nothing. We only make money by taking a minority percentage of any increase we make in negotiating a better deal for you.
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Base Fee: We charge 30% of any increase in bonus and royalty we can negotiate on an existing offer to lease or sale your minerals. You, the owner, would retain 70% of any increase we negotiate.
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Lease Example: You receive an offer to lease your 50 mineral acres for 5 years at a bonus (consideration) of $500/acre up front and 85% NRI (Net Revenue Interest), which means you would retain a 15% RI (Royalty Interest) on any producing hydrocarbons.
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Mineral Assist would first analyze your minerals for geological viability and industry activity and then, with an educated knowledge of your mineral acreage potential value, would negotiate with active operators to get the best deal for you. If, say, we negotiated an $800/acre bonus and 82% NRI (18% RI) the pay out would be as follows:
You would now receive a bonus check of $35,500 (.7 x $300 + $500 x 50 acres) instead of the original $25,000. You would also receive a 17.1% Royalty (.7 x 3% increase + 15%) instead of 15%.
Mineral assist would receive $4500 (.3 x $300 x 50 acres) and an RI of .9% (.3 x 3% increase).
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Sale Example: You receive an offer to sell your 50 mineral acres for $1000/acre. Once again, Mineral Assist would analyze your minerals for geological viability and industry activity and then, with an educated knowledge of your mineral acreage potential value, would negotiate with other mineral buyers to get the best deal for you. If, say, we negotiated a $1500/acre sale, you would receive $67,500 (.7 x $500 + $1000 x 50 acres) instead of the original $50,000.
Mineral Assist would receive $ 7500 (.3 x $500 x 50 acres).
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It's a WIN-WIN for everyone except the lawyer or oil company that made the original undervalued offer!
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Consulting: For help negotiating sale or lease of minerals without an initial offer, we charge a variable rate depending on size and location.
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Our Team.
The Mineral Assist Team combines more than 65 years of analyzing, leasing, purchasing and selling oil and gas minerals and properties. We have expertise in all phases of the business, including geological evaluation, land and legal expertise, and engineering analysis.
Bryan Parks
President/CEO
BS - Geology: Texas A&M University
MS - Energy Management: Oklahoma City University
Twenty-five years as exploration geologist
Recently VP - Geology/Geophysics for Wishbone Energy Partners in Houston, TX.
Roxanne Parks
Vice President
BS - Petroleum Engineering: Oklahoma University
Ten+ year Petroleum Engineer.
David Folks
Mineral/Land Consultant
Owner - Folks LLC
BA - Petroleum Land Management: Oklahoma University
Second Generation mineral buyer with over 45 years of experience buying and selling minerals.