What is the typical process undertaken if I choose to sell my mineral interests?
First decide with your C.P.A. and other advisers if liquidating your mineral portfolio is a good investment at this time. If your goal is to diversify your assets or free up cash to acquire new minerals than it may be wise to liquidate in this market environment. We do not counsel sellers on their investment strategies. Ferrell Oil can maximimize your asset value at the time you wish to sell.
The typical process from decision to close can take about 60 business days. Once we have a signed mineral deed and draft we order the title work and send landman to check records in the corresponding counties for ownership history. If there are no title issues, transactions typically close seven (7) to ten (10) business days after receipt of a clear title opinion.
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