If you received an offer from Cobra Petroleum in the mail, you should carefully consider the offer. Companies like Cobra Petroleum send out thousands of letters each month offering to buy mineral rights. These offers will sometimes include a draft check offering to buy your mineral rights. The process seems simple enough. You simply fill out the required documents and send them in and you’ll get paid! While the process is easy, you may be leaving money on the table by not consider all of your available options.
About an Offer from Cobra Petroleum
When companies like Cobra Petroleum send you an offer to sell mineral rights, they get your information from county tax records. This information is either purchased or gathered by them. They will then send out thousands of letters each month trying to find owners who are willing to sell. In most cases, when you get an offer from Cobra Petroleum, they have not taken the time to research your individual property. Their goal is simply to send out a large volume of letters and find owners who wish to sell. There is nothing wrong with this approach, and it’s standard industry practice.
Should you accept an offer from Cobra Petroleum
If you are considering selling mineral rights and you get an offer from Cobra Petroleum, it can be temping to accept the offer. As a mineral owner, you want to get the highest possible value for your mineral rights. While you should absolutely consider the offer from Cobra Petroleum, you should also consider all of your available alternative options.
Let’s pretend you are going to sell your home. If you only told 1 buyer in your city the home was on the market, would you expect to get the best possible price? No way! You want every buyer in your city to know your house is for sale! This allows all the buyers to put in an offer and you can select the best offer. Selling mineral rights is no different! You should get your property in front of a large audience of buyers to ensure every buyer has a chance to bid.
Alternative options to an offer from Cobra Petroleum
To get your property in front of a large audience of buyers, we recommend that you list your property online at US Mineral Exchange. By doing so, you are allowing mineral rights buyers from all over the country to make a bid for your mineral rights. This will ensure that you get the highest value which means more money in your pocket! Before accepting an offer from Cobra Petroleum until you have seen what the market is willing to pay.
Free Consultation
If you own mineral rights and have questions, fill out the free consultation form below. We can help you with the following questions:
- Mineral Rights Value
- Evaluate whether you have a fair offer to sell mineral rights
- Answer questions about selling mineral rights
- Understanding Market Value of Mineral Rights
- + Any other questions related to mineral rights!
No matter what question you have regarding your mineral rights, we can help! We usually respond to your inquiry within 1 to 2 hours!
Whether you want to sell mineral rights, determine mineral rights value, or simply have some basic questions regarding your mineral rights ownership, fill out the form and we will quickly be in touch.
