We can help you determine the value of your mineral interest or provide information to ascertain your cost basis. Should you need a valuation compliant with IRS guidelines we can refer you to C .P. Schumann, P.C., an accounting firm with oil and gas expertise. A brief description of the difference between mineral and royalty interests follows:
| RIGHT and/or PRIVILEGE | MINERAL OWNER | ROYALTY OWNER |
|---|---|---|
| Prospect for oil and gas on the land | Yes | No |
| Create a leasehold interest, i.e., execute and deliver an oil and gas lease | Yes | No |
| Possess a possibility of reverter | Yes | No |
| Receive bonus | Yes | No |
| Receive delay rentals | Yes | No |
| Receive royalty (share or proceeds of product) | Yes | Yes |