When considering selling oil and gas Mineral rights it is important to understand how it will impact your taxes. Money generated through oil and gas production on your property may be taxed at a much higher rate than it would be if you were to sell your interest.
Income Tax: In most cases royalties are considered taxable income. This extra income can push you into a higher tax bracket.
Capital Gains Tax: In the event you have owned your property for more than one year, you could potentially be taxed at a lower capital gains tax rate.
Disclaimer: not to be construed, represented, or communicated as tax advice. Please consult your tax professional.