Frequently Asked Questions.

Frequently Asked Questions


How long does the evaluation process last?

There are a few factors that can affect the evaluation process. The significant factors are typically the location and number of tracts involved. This process can take anywhere from a few hours to several days.

Do I qualify for a 1031 exchange?

We have done many 1031 exchanges over the years, but it would be advisable for you to consult with your tax professional since everyone’s situation is different.

Is there anything I can do to help expedite closing?

To expedite the process, it would be helpful to have the following (if available): 

  • Revenue checks from each operator you are paid from.
  • Copy of current Oil and Gas Lease
  • Any information you have about your title (deeds, mortgages, affidavits, etc.)

What happens after signing the purchase and sale agreement (PSA)?

After signing and returning the PSA, your ownership will be confirmed and this process will include a detailed analysis of the county records where your interest is located.

What happens at closing?

At closing, we typically exchange the original executed mineral deed with the check for the full mutually agreed upon price.

What type of payments are used at closing?

We can provide you with a check, certified check or wire transfer as payment at closing.

Contact Us Today

If you need an estimate on the value of your oil and gas interests or just have a few questions, please fill out the Request an Offer form, and one of our experienced team members will contact you shortly