Selling Mineral Property Rights in Ohio
Two categories of buyers are seeking to purchase mineral rights. The first is mineral brokerage companies, called “brokers.” These are middlemen who seek to buy low and sell high to an end buyer.
The second is mineral acquisition companies, known as “end buyers.” The end buyers are the companies who will actually drill for oil or gas. .
Sales of mineral rights can be structured in several ways by buyers, some of them directly against owners’ interests, and can enable the leaseholder to assign their interests to another for an overriding royalty interest.