Leased but Undrilled
Signed a lease, cashed the bonus check, and no rig has shown up? We buy leased-but-undrilled mineral rights based on real activity, rather than hope alone.
If you're the executor, you already have enough people asking you for things. We’re not going to be one more voice pushing you to move faster than the court allows.
Being named executor doesn't hand you the right to sell mineral rights the day the will gets filed. You need letters testamentary or letters of administration in hand, and depending on the county and the size of the estate, you might also need specific court authority to sell real property, which minerals count as in every state we’ve worked in. Skip that step and any buyer's title company will kick the deal back to you at closing, which wastes everyone's time.
We’ve closed mineral purchases out of estates in every stage of that process, from an executor who just got appointed to one wrapping up final distribution. We wait for the paperwork to be right instead of asking you to cut corners to hit our timeline, because a sale that gets unwound six months later isn't a sale, it's a liability with your name on it.
The holdup is almost never the mineral interest itself. It's usually a missing heir, a will that's being contested by one relative, or an executor who's waiting on the court to formally close the estate before distributing assets. None of that is unusual, and none of it means the minerals can't be priced while you wait.
What we can do is get you a real number early, so when the legal side does clear, you're not starting the valuation conversation from zero. Executors who bring us in during probate, rather than after, tend to close faster once letters are issued because we've already done the homework.
Letters testamentary or letters of administration, the recorded deed or prior division order showing the decedent's interest, and if there's court-ordered authority required to sell real property in that county, a copy of that order too. If the estate is still open and you're not sure what's required, tell us the county and we’ll tell you exactly what the courthouse there expects.
We don't need a finished inventory of the whole estate or a copy of the will beyond what establishes your authority. We’re buying one asset, not auditing the estate.
Where an estate leaves the minerals to several beneficiaries outright rather than through a single executor sale, each beneficiary ends up owning an undivided fraction once distribution happens, and we can buy from each of them separately on their own schedule. That means a sibling who wants cash doesn't have to wait on one who wants to hold.
Where the will or the court authorizes the executor to sell on behalf of the estate before distribution, that's usually the cleaner and faster path, one signature, one closing, proceeds divided per the will afterward.
We’ve had executors ask us point blank whether we’re going to push them to rush the paperwork so we can close faster. We’re not. Estates move at the speed of the court, the appraisal district, and sometimes a stubborn co-heir, and none of that is something you can or should force.
What we will do is stay in touch, keep the offer current as production data updates, and be ready to close within days once you actually have authority to sign, instead of making you start the process over with someone new after months of waiting.
Some states offer a simplified small estate procedure for lower-value estates, letting an heir or administrator establish authority without a full probate proceeding, and mineral interests below a certain value can sometimes qualify. If your estate is small enough that a full probate feels like overkill, tell us the state and we’ll tell you whether a simplified route is realistic there.
Yes, we can review the interest and give you a working number so you know what to expect, but the closing itself has to wait until you hold legal authority to sell.
It varies. Some states let an executor with full independent administration sell without further court order, others require a specific order for real property sales. Tell us the county and we’ll tell you what's typical there.
A contested will generally has to be resolved before a sale can close with clear title. We can still price the interest in the meantime so you're prepared once it settles.
Either, depending on how the will and the court order structure the sale. We’ll tell you which applies once we see the paperwork.
Usually within one to two weeks if the title is otherwise clean, since we've typically already done the valuation work while probate was pending.
Not always. Some states allow simplified procedures for smaller estates. Tell us the state and estate size and we’ll tell you what's realistic.
Keep the tract and title questions together
Mineral file
Signed a lease, cashed the bonus check, and no rig has shown up? We buy leased-but-undrilled mineral rights based on real activity, rather than hope alone.
No royalty checks, no active lease, no wells nearby? We buy non-producing mineral acreage priced on real geology and offset activity, not guesswork.
Trustee managing mineral rights held in a family or estate trust? We buy trust-owned minerals and work directly from the trust document's authority.
Tell us the county and state, owner name, whether the interest is producing or leased, and which records you already have.