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.
by Paul Monies Published: November 2, 2012
Advertisement
;

Thompson said the listing service is free to mineral rights owners. Listings last for 60 days and can be renewed in 60-day increments. Some listings have a specific price, while others ask buyers or lessees to make an offer.

“We charge the buyer or lessee a percentage of the deal,” Thompson said. “If you've got a price in mind per acre, we will add in 1 percent to 10 percent fee on to that and then list it at that price. If you want an offer to be made, we will present the offer to you that was given to us and our percentage would come out of that. Basically, if you're not completely satisfied with the deal, you don't have to accept it.”

Thompson said he encourages owners to do their due diligence on possible deals and involve an attorney if they need to.

Oklahoma attorney Terry Stowers, director of the Coalition of Oklahoma Surface and Mineral Owners, said the website looked like a good way to list mineral rights for sale for owners who might not know where to start.

“Anything that might give you more exposure is a good thing,” Stowers said.

Stowers also advised owners to check out other organizations, such as the National Association of Royalty Owners, for advice and information. The association's website is at naro-us.org.

by Paul Monies
Energy Reporter
Paul Monies is an energy reporter for The Oklahoman. He has worked at newspapers in Texas and Missouri and most recently was a data journalist for USA Today in the Washington D.C. area. Monies also spent nine years as a business reporter and...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Texas QB Ash to end career after tough year
  2. 2
    Where has former OU golfer Anthony Kim gone?
  3. 3
    Kevin Durant opens up to Esquire about his friendship with Karl Malone and more
  4. 4
    Bill Hader Thinks Recent 'SNL' Fan Poll Needed More Women
  5. 5
    It's a '7th Heaven' reunion!
+ show more