New website offers place for mineral owners to sell or lease
Blake Thompson, a former contract landman from Norman, has started MineralOwnerMart.com, a website for listing mineral rights for sale or lease.
Mineral rights owners looking to sell or lease have a new avenue other than a landman knocking at their door.
A Norman-based man has started MineralOwnerMart.com, a website that brings sellers and buyers together.
“The main audience is going to be anybody with mineral rights,” said Blake Thompson, who worked for five years as an independent landman in Oklahoma and surrounding states. “Even more, it's to inform people. We just want to help them reach a larger market and hopefully receive a higher price by reaching a wider market.”
The website, which launched in September, so far has about 75 listings from seven states. Thompson is awaiting the site's first deal, a 140-acre mineral rights sale in Garfield County. That transaction is expected to close by the end of the month, he said.
Thompson said his experience as a contract landman allows him to understand the needs of both sides in the sale or lease transaction. Sometimes those transactions can be tilted in favor of the company, which knows exactly how much it's paying each owner for leases. Those with mineral rights have fewer resources and might be relying on coffee-shop chatter or postings on Internet message boards for what companies are paying in their areas.
“They wanted to know what their rights were worth,” Thompson said of mineral rights owners. “They wanted to make sure what they were getting was a fair deal and they were getting top dollar.”
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