Duke Ligon of Oklahoma City is an experienced leader in the energy sector. Duke Ligon is a former senior executive with Devon Energy in Oklahoma City. In 1970, he established Mekusukey Oil and has since developed the company into one of the country’s most comprehensive private mineral owners.
Mineral rights can be extremely valuable, particularly when it comes to the world’s rarest or most in-demand minerals. In terms of rarity and overall value, few minerals can compete with the blue garnet. Garnets typically present as red, though they were believed to come in every color except blue until relatively recently. Since the initial discovery in Madagascar three decades ago, blue garnets have been mined in Russia, Turkey, and the United States. On average, a blue garnet will fetch approximately $1.5 million per carat.
The notion of valuable mineral rights is more often associated with minerals that account for human needs, such as copper and lithium. Copper is a highly diverse mineral used in a wide array of industries, ranging from construction projects to medical equipment design. In the US, copper mining operations can be found in Arizona, New Mexico, Nevada, and Utah, among other areas.
Lithium, meanwhile, is used in much more than batteries. The versatile mineral is an important component of Vitamin A synthesis, as well as the production of both aluminum and certain lubricants. Historically, the United States has imported most of its lithium needs, though Tesla began construction on a $2 billion brine operation in Nevada in 2014.
Mineral rights can be extremely valuable, particularly when it comes to the world’s rarest or most in-demand minerals. In terms of rarity and overall value, few minerals can compete with the blue garnet. Garnets typically present as red, though they were believed to come in every color except blue until relatively recently. Since the initial discovery in Madagascar three decades ago, blue garnets have been mined in Russia, Turkey, and the United States. On average, a blue garnet will fetch approximately $1.5 million per carat.
The notion of valuable mineral rights is more often associated with minerals that account for human needs, such as copper and lithium. Copper is a highly diverse mineral used in a wide array of industries, ranging from construction projects to medical equipment design. In the US, copper mining operations can be found in Arizona, New Mexico, Nevada, and Utah, among other areas.
Lithium, meanwhile, is used in much more than batteries. The versatile mineral is an important component of Vitamin A synthesis, as well as the production of both aluminum and certain lubricants. Historically, the United States has imported most of its lithium needs, though Tesla began construction on a $2 billion brine operation in Nevada in 2014.
