Mineral Owner Mart is a new online resource aimed at mineral rights owners who are interested in leasing their property or selling their royalties after production is established. Blake Thompson says he launched the project in early September after working about five years as an independent landman in the Barnett Shale and elsewhere. A listing doesn't cost the mineral rights owner anything. Thompson says he typically earns a 10 percent commission on a transaction, sort of like an auction house would do when it adds a "buyer's premium" to the selling price. Sellers can name a price or simply ask for an offer.
Prospective buyers can search Mineral Owner Mart by state and county. For example, the site shows nine active listings in Montague County, reflecting the area's status for oil and "wet" gas production.
A link to the site is here.
-- Jim Fuquay