Frequently Asked Questions
Am I obligated to sell if I receive an offer?
You are not under any obligation or commitment to sell your interest at any time. This is just a quote.
How do I receive an offer for my royalty or working interest from your site?
- Filling out a confidential form from our website will create a profile for you.
- Once you click submit your free results - a search in our partner network will match you with up to 3 companies that fit your criteria. This matching process is based on the number of acres you own, the township you live in and if your property is currently producing gas and oil.
- This is the last step. You should now start to receive up to 3 competitive offers from our partner network.
Also, please feel free to contact us at 800.869.0926 and speak to a representative today.
What is the difference between oil and gas mineral interests, royalty interests, and overriding royalty interests?
The term royalties is used interchangeable to mean either oil and gas mineral interests, royalty interests, or overriding royalty interests. These three interests are similar in that they all receive revenue from the production of oil and gas from a well. They do not pay for drilling or the monthly operating expenses of the well. There is a small difference between mineral interests and royalty interests, and a greater difference between mineral interests and royalty interests and overriding royalty interests.
Mineral interests and royalty interests both involve ownership of the minerals under the ground. The main difference between the two is that the owner of a mineral interest has the right to execute leases and collect bonus payments and the owner of royalty interests does not execute leases or collect bonus payments. They both receive a portion of the income once the well is producing, but only the mineral owner receives an up-front bonus payment.
Overriding royalty interests do not require ownership of the minerals under the ground. They require ownership of a portion of the revenues generated from the production of oil and gas from a well. Like mineral interest and royalty interest owners, the owner of override royalty interests also receives a portion of the income from the production of oil and gas. The main difference is the owner of an overriding royalty interest does not own the minerals under the ground, only the proceeds from the production of minerals. Once the lease has expired and production has ceased, the overriding royalty interest expires. The owners of mineral interests and royalty interests maintain their ownership after production ceases.
Why would anyone sell their oil and gas interest?
Please see our WHY SELL section at the bottom of the page.
What does the future hold for oil and gas pricing?
It is impossible for anyone to fully predict what prices will do. There are thousands of experts who offer predictions on inventories and future prices, but very few agree.
Why do I not receive a royalty check anymore?
- Your checks may be too small for the company to send out. Most companies will wait to the check is at least $50 or $100 before they issue a check for payment.
- The well associated with your interest may no longer be producing oil or gas.
Will I have to pay taxes if I sell and how much?
You will need to pay federal income taxes. Depending on your state you may also need to pay state income tax.
Can I just get a quote on selling a percentage of my gas and oil interest?
Absolutely, fill out a request form and inform the representative what you are interested in selling and they will give you a competitive quote. Also please feel free to call us at 800.869.0926 and speak to a representative today.