OUR FAQ
Here Are Some Common Questions That We Hear
We will buy mineral rights and royalty, producing or non-producing, leased or unleased, all, or just a part. In short, just about any interests.
Our landmen are experienced in determining the current market values of properties. Every property is unique, based on size, location and market conditions. It’s impossible to offer a price before having a current appraisal completed. Our offers are very competitive.
Yes, after the probate process is complete and your ownership is established, it is your property to do with as you wish. We frequently deal with estate heirs to help them convert their inherited mineral properties into cash.
A mineral interest consists of five rights: (1) the right to receive bonus payments; (2) the right to receive delay rentals; (3) the right to receive royalty; (4) the right to execute an oil and gas lease; and (5) the right to enter and develop a property. A non-participating royalty interest consists ONLY of the right to receive royalty. Therefore, this interest is usually worth less than a full mineral interest.
Oil and gas production and oil and gas prices will vary from month to month. Variations in volumes produced and prices paid will cause fluctuations in your monthly checks.
Oil and gas is a depleting resource and over time all wells will experience a decline in the amount of oil and gas produced. There is only so much oil and gas that is recoverable by a well and they do not last forever.
Every month there is less oil and gas remaining to produce, which leads to a steady reduction in production and a corresponding decrease in the amount of your monthly check.
There are multiple reasons as to why you are no longer receiving royalties. The most common reason is that the producing well in which you own interests may be shut in or possibly abandoned. This generally happens when it no longer makes economic sense for an operator to continue to spend the large sums of money on a daily basis that it generally takes to keep a well producing.
You can sell your interest even if you have signed an oil and gas lease. We simply purchase your interest subject to that oil and gas lease. Following our purchase of your interest we notify the lessee of the change of ownership. Nothing is required on your part.
No. The bonus money you were paid to execute that oil and gas lease is yours to keep.
In order to properly evaluate your interests we will need copies of the following:
For Producing interests (already generating royalty revenue):
- Copies of your production check details from the last three to six months for each operator paying royalty revenue; and
- Copy of your current Oil and Gas Lease(s).
For non-producing interests:
- Copy of your Warranty Deed, Mineral Deed, or Source Document;
- Copy of your current Oil & Gas Lease; and
Any information you have on any encumbrances that might have an effect on our acquisition of your interests (ie mortgages, liens etc.)
By reviewing your check stubs from the oil and gas operator, we can evaluate and confirm your net revenue interest (ownership) in the oil and gas well(s). We can also see the prices that the operator is receiving for the oil and gas produced on the lease and we can confirm your payments.
These all help us to provide a quick, cost-free offer to you. In certain circumstances, we can still buy your oil and gas mineral rights and royalties without a check stub copy, you might have correspondence from oil and gas operators including your lease agreement.
If you do not have copies of your recent check stubs or are not paid monthly, please call one of our trained acquisition specialists to discuss your sale options.