OUR STORY

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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.

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. 

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