How much are my mineral rights worth?

The value of mineral rights depends on several factors including location, production history, proven reserves, current market prices, and lease terms. Our experienced team provides free mineral rights appraisal using industry-leading valuation methods. Factors we consider include nearby well production, geological surveys, and current commodity prices.

How do I sell my mineral rights?

Selling mineral rights involves several steps: 1) Contact a reputable mineral rights buyer, 2) Review your deed and title, 3) Receive a transparent valuation explaining the offer, 4) Negotiate terms and closing timeline, 5) Complete title work and documentation, 6) Close the transaction. Buckhead Energy streamlines this process with quick closings and competitive offers.

What is the best company to sell mineral rights to?

The best mineral buying company offers fair market value, transparent pricing, quick closings, and professional service. Look for companies with proven track records, positive landowner reviews, and expertise in your specific basin or region. Buckhead Energy has been acquiring mineral rights since 2007, with successful transactions across 33 states.

Should I sell or lease my mineral rights?

The decision to sell or lease mineral rights depends on your financial goals, risk tolerance, and market conditions. Selling provides immediate cash with no ongoing management, while leasing offers potential long-term income but requires active management. Consider factors like current commodity prices, development potential, tax implications, and your need for immediate capital.

What are mineral rights?

Mineral rights are the legal rights to extract and profit from minerals beneath the surface of land, including oil, natural gas, coal, and other valuable substances. These rights can be owned separately from surface rights. Mineral rights ownership entitles you to lease payments, royalties from production, and the right to sell these assets.

How long does it take to sell mineral rights?

The timeline to sell mineral rights typically ranges from 30-90 days, depending on title complexity and documentation requirements. At Buckhead Energy, we streamline the process: initial evaluation and offer within 7-14 days, title review 2-4 weeks, and closing within 30-45 days of accepted offer.

California Resources Corporation (CRC): Mineral Owner's Guide

Company Overview

Headquarters: Long Beach, California

Stock Ticker: NYSE: CRC

Company Type: Independent E&P (California Pure-Play)

Operating Areas: San Joaquin, LA Basin, Ventura

Status: Largest California oil producer

Spun Off: 2014 (from Occidental)

California Resources Corporation (CRC) is the largest oil and natural gas producer in California, accounting for approximately 60% of the state's production. The company was spun off from Occidental Petroleum in 2014 and focuses exclusively on California operations.

CRC operates some of the oldest and most prolific oil fields in the United States, including fields that have been producing for over 100 years. Their California-exclusive focus means deep local expertise and relationships in the state's unique regulatory environment.

Bankruptcy Reorganization (2020)

CRC filed for Chapter 11 bankruptcy in 2020 due to low oil prices and high debt from the Occidental spinoff. The company emerged from bankruptcy later that year with a restructured balance sheet. Mineral owners' leases and royalty rights were generally preserved through the bankruptcy process. CRC now operates with significantly reduced debt.

Primary Operating Areas

San Joaquin Basin (Kern County)

CRC's largest operating area, home to many of California's most prolific oil fields:

Elk Hills Field - Former Naval Petroleum Reserve

Buena Vista Field - Large Kern County field

Lost Hills Field - Western Kern County

Multiple mature fields - Steam flood operations

Los Angeles Basin

CRC operates significant production in the LA Basin, including the Wilmington and Long Beach fields - some of the largest urban oil fields in the United States.

Ventura Basin

CRC has operations in Ventura and Santa Barbara counties, operating fields along California's central coast.

What Mineral Owners Should Know

Advantages

California expertise: Deep knowledge of state regulations

Largest CA operator: Scale and operational capabilities

Restructured balance sheet: Reduced debt post-bankruptcy

Local offices: Bakersfield and Long Beach presence

Considerations

California exposure: Challenging regulatory environment

Mature fields: Production generally declining in older fields

Bankruptcy history: Some mineral owners experienced delays during reorganization

Owner Relations Contact

Phone: 1-661-412-5600

Headquarters: Long Beach, California

Mail: California Resources Corporation, 600 N. Brand Blvd., Suite 300, Glendale, CA 91203

Frequently Asked Questions

California Resources Corporation (CRC) is the largest oil and gas producer in California, spun off from Occidental Petroleum in 2014. The company operates exclusively in California, focusing on the San Joaquin Basin, Los Angeles Basin, and Ventura Basin.

Yes, CRC filed for Chapter 11 bankruptcy in 2020 and emerged as a reorganized company in late 2020. The company has since strengthened its balance sheet and continues normal operations, including royalty payments to mineral owners.

CRC operates exclusively in California, primarily in Kern County (San Joaquin Basin), Los Angeles County (LA Basin), and Ventura County (Ventura Basin). They produce approximately 60% of California's oil and gas.

Considering Selling Your California Minerals?

Get a free, no-obligation valuation of your California mineral rights from our experienced team.

Request Your Free Valuation

Related Resources

California Mineral Rights Guide

Kern County Mineral Rights

Aera Energy Guide

Berry Petroleum Guide

Top Oil & Gas Operators

Dealing with Operators

Disclaimer: This information is for educational purposes only and is not affiliated with or endorsed by California Resources Corporation. Contact information and company details may change.