We buy aggregate, sand, and gravel royalties.

What are aggregate royalties?

Aggregate royalties are payments a landowner receives when someone mines sand, gravel, crushed stone, caliche, limestone, or industrial sand from their property, usually a set dollar amount per ton sold. If a quarry, pit, or frac sand mine operates on your land under a lease, those monthly or quarterly checks are an aggregate royalty, and like any royalty, it can be sold for a lump sum.

Why is it so hard to find a buyer?

Oil and gas royalties have hundreds of buyers competing by mail. Aggregate royalties have almost none, because valuing them takes different homework: reserve life, tons-per-year trends, the operator's market, and lease terms instead of decline curves. Most mineral buyers simply pass. The result is that quarry royalty owners who want liquidity often cannot find a single serious offer, let alone competing ones.

Berlin does the homework. We value aggregate royalties the same way we value everything: from the actual production, in writing, with the reasoning shown.

What is an aggregate royalty worth?

The same logic as any income stream: a multiple of your annual royalty, adjusted for how long the reserves will last, how steady the operator's sales are, what the lease says about minimum royalties and term, and how essential the pit is to its local market. A quarry supplying a growing metro with decades of permitted reserves supports a strong multiple; a pit nearing depletion prices closer to its remaining tons. Send us your royalty statements and lease, and we will give you a real number, free.

What we buy

Sand and gravel royalties, crushed stone and limestone quarry royalties, frac sand (industrial silica) royalties, caliche and fill-dirt pit royalties, and rock or aggregate leases with production. Producing interests anywhere in the country, with a natural focus on Oklahoma, Texas, Arkansas, Kansas, and the states where we already buy minerals. We will also look at royalty interests under long-term mining leases that have not started producing yet, priced honestly as the option they are.

How selling works

Exactly like our mineral process: send whatever you have (royalty statements, the lease, or just the county and operator name), we research and value the interest, you get a written offer with the math, and we pay all closing costs. Partial sales work here too; some owners sell half the royalty and keep half the checks.

Questions we hear

Can I sell the royalty without selling my land? Yes. The royalty stream conveys by assignment or deed; your land stays yours, and the lease terms with the operator do not change.

The pit only pays a few thousand a year. Is that worth anything? Usually, yes. Long-lived small royalties support fair multiples, and we will price yours seriously whether or not anyone else will.

What about my frac sand royalty now that drilling moves around? Frac sand demand follows the oil field, which makes those royalties more volatile and more analysis-dependent. That is exactly the kind of work we show in our valuation.