Across the United States accountants are preparing tax returns for millions of individuals. It is that time of year when taxpayers to open their checkbooks and send out payments to the IRS. The deadline for paying taxes slowly looms ahead of us. What does that mean for mineral buyers?
It means that tax season is an optimal time for sending out mineral offers. The additional economic factor of taxes can be an unanticipated economical strain. At this time of year an offer could be met with more interest due to a need for additional capital to pay taxes. It has been statistically proven that mineral buyers get a higher than normal response rate at this time of year.
Another motivation to for individuals to sell is the current state of domestic gas. While the price of gas has increased over the past few months there is still a high surplus of natural gas. Many gas wells have been shut in because of the surplus in gas. Owning gas royalties at this time is a long term benefit as opposed to short term. Coupled with the additional financial strain of owing taxes individuals will be more open to selling.
Tax season is definitely a mineral buyers market. Now is the time use Blackbeard’s LOD to target mineral owners and make offers during this higher than normal acquisition time.