FOR NEW YORK RESIDENTS
We help New York residents sell inherited Louisiana mineral rights in the Haynesville Shale, Tuscaloosa Marine Shale, and other areas. Complete the sale without leaving New York.
Get Your Free ValuationLouisiana has a long history of oil and gas production, from the early salt dome fields to today's modern horizontal drilling in the Haynesville Shale. If you're a New York resident who inherited Louisiana mineral rights, you're managing assets from about 1,300 miles away.
Many New York residents discover they own Louisiana minerals after inheriting from family members who lived in Louisiana or worked in the oil patch. The connection might be grandparents who worked the Gulf Coast fields or family who owned land in northwest Louisiana. Managing these assets from the East Coast can be challenging:
Understanding Louisiana's unique mineral laws (based on civil law, not common law)
Dealing with the prescription period (minerals can lapse back to surface owner)
Tracking production across different parishes
Filing Louisiana income tax returns on top of NY state and city taxes
We buy minerals throughout Louisiana. The state's oil and gas production spans several distinct areas:
One of America's largest natural gas plays in Northwest Louisiana. Parishes: Caddo, Bossier, DeSoto, Red River, Sabine. Premium location for gas-focused minerals.
Oil-focused play in Central Louisiana with developing activity. Parishes: LaSalle, Avoyelles, Rapides.
Legacy production from salt dome and offshore-adjacent fields. Parishes: Vermilion, Iberia, St. Mary, Terrebonne, Lafourche, Cameron.
Legacy Cotton Valley, Austin Chalk, and other formations. Various parishes across northern Louisiana.
Louisiana is the only state with mineral laws based on the civil law tradition (from French and Spanish colonial influence) rather than English common law. This creates some unique situations:
Prescription: Unused mineral rights can "prescribe" (lapse) back to the surface owner after 10 years of non-use
Mineral servitudes: Louisiana uses "servitudes" rather than fee ownership in some cases
Understanding these nuances is important when selling. We're familiar with Louisiana mineral law and can navigate these complexities. If you're concerned about prescription risk, selling sooner rather than later may be wise.
As a New York resident with Louisiana mineral income, you face a particularly complex tax situation:
Federal income tax on all mineral income
New York State tax on all income (one of the highest in the nation)
New York City tax for NYC residents (additional 3-4%)
Louisiana state tax on Louisiana-source mineral income
Selling your Louisiana minerals eliminates the ongoing Louisiana tax filing requirement. While you'll pay capital gains tax on the sale (federal and NY), you're done with annual Louisiana returns after that. New York may provide a credit for taxes paid to Louisiana. Consult a tax professional for your specific situation.
Parish, section/township/range, production
Production data, title, prescription status
No travel to Louisiana required
Wire transfer or certified check
We'll research your Louisiana mineral rights and provide a written offer. No obligation, no cost.
Start Your Free ValuationOr call us at (817) 778-9532
Top 10 U.S. oil producer
Top 10 gas producer
64 parishes
Haynesville resurgence