If you received a letter in the mail from our land department, we believe you may own mineral rights in our buy area, and we would like to talk to you about a possible sale.

It is not uncommon for landowners to be unaware of owning mineral rights they were never told about. In states like Ohio, a mineral reservation could date back several generations (e.g., your great-grandfather reserved a mineral interest; you now own a portion of that reserved interest).

Yes. A landowner could own the oil, the gas, the coal, the right to lease or drill, the right to receive royalties, bonuses, or delay rentals, or a combination of all of these mineral rights. That can sometimes cause confusion. You may own the surface rights and the house you built on that surface, however, someone else may own the oil and gas rights underneath your property.

Mineral rights are property rights, also known as the mineral estate. The owner could lease, sell or donate those mineral rights to any person or company as they see fit.

Royalty rights, also known as royalty-only or a non-participating royalty interest (NPRI), are an interest created from the mineral estate. It is expense-free, bearing no operational or production costs from the energy company exploring the area. A royalty-only owner does not have the right to execute a lease and does not share in any lease bonus payments. The owner of a royalty-only interest or an NPRI interest has fewer rights compared to a mineral owner.

Selling your mineral rights or royalty-only rights means that you will be paid according to the agreed upon value of those rights. You can use that money as you see fit.

We prefer to pay landowners the same day they sign their agreement.

Yes.

The U.S. tax code treats leasing your mineral rights differently compared to selling your mineral rights. Furthermore, everyone's tax situation is different. We encourage our landowners to talk to a certified public accountant or tax professional for advice.

Yes. Oil and gas production is based on commodity prices, and companies are going to drill where they think the best production will take place. The value of mineral and royalty rights can vary between different counties or even townships in the same state or geographic area.

1803 Resources is run by Ohio natives who have been working in the oil and gas industry in the Appalachian Basin since 2012. We know the land, the people, the drillers, and the laws unique to Ohio. This knowledge of our home state allows us to see opportunity where others might not. And as Ohio natives, we are committed to doing business the right way.

No, we do not sell any data we may collect. The only data we may collect is the data we need in order to complete a sale. We are an mineral acquisition-focused company, not a data-focused company. Please see our privacy policy.