TRP Minerals strives to empower every mineral owner with the best information so that they can make the best and most informed decision to create value from their minerals. Let us help you create lasting value today!
Most states utilize a land grid that allows for a standard to locate properties. The most common land grids have been created by utilizing Sections - Townships - Range. Below is a quick overview of how a land grid works.
Every minerals location has different variables. One of the most common variables that effect mineral value is the proximity to oil and gas pipelines.
The physical location of minerals effects the future value of minerals based on the cost to access and build the site.
States and local municipalities have different rules and regulations that govern the oil and gas industry. High regulatory environments can effect the value of your minerals.
Township is the largest grouping of land described in the land grid.
Range is assigned to a township by measuring east or west of a Principal Meridian.
The location of a specific Township is determined by the combination of "Township & Range". The Township & Range are reverenced from the State's Principal Meridian and the Base Line. For any given mineral owner, there is no need to know where the Principal Meridian or Baseline is located as any county land map will show the Township & Range.
Townships are divided into 36 sections. Each section is a one mile square containing 640 acres.
When identifying where your minerals are located, we always suggest with starting with the Township and then move to the Section.
For example, the following land description reads: 2-4N-2W
Many land descriptions will need to describe lands that are smaller than a 640 acre Section. To fuller delve into smaller tracts, States utilize Quarter Sections.
Similar to how Townships are broken into 36 sections, Sections can be broken into a number of Quarter Sections. We recommend starting backwards or biggest to smallest.
For Example, the following land description reads: NW1/4 of NE1/4 Sec. 2 T4NR2W
We traditionally pay a lump sum of cash within 10 business days after you sign the purchase and sale agreement.
Every minerals location has different variables. One of the most common variables that effect mineral value is the proximity to oil and gas pipelines.
If the mineral location does not have direct access to pipelines, operators must truck oil to the nearest terminal where the oil can be moved by pipelines or trains. Trucking cost can be expensive and lower the price the operator can sell the oil. the natural gas is flared when it cannot be moved in a pipeline yielding no value.
If the mineral's location has access to pipelines with significant capacity, oil and gas can be sold a premium.
We focus on areas that we know best in order to provide the highest level of expertise.
The physical location of minerals effects future value of minerals.
In many cases, mineral location can create difficult environments to drill. For example, if a mineral is located deep in the mountains with minimal road access, the cost to drill and complete a well goes up significantly. As a result, when oil and gas prices are lower the operator will most likely not drill new wells thus decreasing the value.
If the mineral's location is in an urban area, cost related to drilling and completing wells can increase causing operators to delay drilling new wells till commodity prices increase dramatically.
TRP always hope that the accessibility of your minerals is easy so that you can reach extract highest value possible.
We strive to help facilitate your decisions so that you are empowered with the best information and knowledge so that you can capture the highest value of your minerals.
States and local municipalities have different rules and regulations that govern the oil and gas industry.
In states where there are stringent and/or adverse political pressure, on the oil and gas industry, will negatively effect future mineral value.
Specifically, states and local municipalities that have or are contemplating significant set backs, decreasing flare volume, reduction of truck traffic, and other variables will decrease or eliminate future drilling locations thereby decreasing the potential value of your minerals.
We always encourage mineral owners to understand state and local rules and regulations. Decisions mandated by the governing bodies can drastically impact your mineral's value.
TRP Minerals strives to empower every mineral owner with the best information so that they can make the best and most informed decision to create value from their minerals. Let us help you create lasting value today!
Most states utilize a land grid that allows for a standard to locate properties. The most common land grids have been created by utilizing Sections - Townships - Range. Below is a quick overview of how a land grid works.
Every minerals location has different variables. One of the most common variables that effect mineral value is the proximity to oil and gas pipelines.
The physical location of minerals effects the future value of minerals based on the cost to access and build the site.
States and local municipalities have different rules and regulations that govern the oil and gas industry. High regulatory environments can effect the value of your minerals.
Township is the largest grouping of land described in the land grid.
Range is assigned to a township by measuring east or west of a Principal Meridian.
The location of a specific Township is determined by the combination of "Township & Range". The Township & Range are reverenced from the State's Principal Meridian and the Base Line. For any given mineral owner, there is no need to know where the Principal Meridian or Baseline is located as any county land map will show the Township & Range.
Townships are divided into 36 sections. Each section is a one mile square containing 640 acres.
When identifying where your minerals are located, we always suggest with starting with the Township and then move to the Section.
For example, the following land description reads: 2-4N-2W
Many land descriptions will need to describe lands that are smaller than a 640 acre Section. To fuller delve into smaller tracts, States utilize Quarter Sections.
Similar to how Townships are broken into 36 sections, Sections can be broken into a number of Quarter Sections. We recommend starting backwards or biggest to smallest.
For Example, the following land description reads: NW1/4 of NE1/4 Sec. 2 T4NR2W
We traditionally pay a lump sum of cash within 10 business days after you sign the purchase and sale agreement.
Every minerals location has different variables. One of the most common variables that effect mineral value is the proximity to oil and gas pipelines.
If the mineral location does not have direct access to pipelines, operators must truck oil to the nearest terminal where the oil can be moved by pipelines or trains. Trucking cost can be expensive and lower the price the operator can sell the oil. the natural gas is flared when it cannot be moved in a pipeline yielding no value.
If the mineral's location has access to pipelines with significant capacity, oil and gas can be sold a premium.
We focus on areas that we know best in order to provide the highest level of expertise.
The physical location of minerals effects future value of minerals.
In many cases, mineral location can create difficult environments to drill. For example, if a mineral is located deep in the mountains with minimal road access, the cost to drill and complete a well goes up significantly. As a result, when oil and gas prices are lower the operator will most likely not drill new wells thus decreasing the value.
If the mineral's location is in an urban area, cost related to drilling and completing wells can increase causing operators to delay drilling new wells till commodity prices increase dramatically.
TRP always hope that the accessibility of your minerals is easy so that you can reach extract highest value possible.
We strive to help facilitate your decisions so that you are empowered with the best information and knowledge so that you can capture the highest value of your minerals.
States and local municipalities have different rules and regulations that govern the oil and gas industry.
In states where there are stringent and/or adverse political pressure for the oil and gas industry will negatively effect future mineral value.
Specifically, states and local municipalities that have or are contemplating significant set backs, decreasing flare volume, reduction of truck traffic, and other variables will decrease or eliminate future drilling locations thereby decreasing the potential value of your minerals.
We always encourage mineral owners to understand state and local rules and regulations. Decisions mandated by the governing bodies can drastically impact your mineral's value.
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