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Please contact us if you cannot find an answer to your question.
Yes, however depending on the mortgage language, we may require that the mortgage be satisfied upon closing.
Yes, we purchased Leased, Un-leased, Producing and Non-Producing mineral interests.
Yes. In situations like this, we are not able to offer a premium price for mineral rights, since we may never recoup our initial investment. Nevertheless we would still be happy to make you a cash offer for your mineral rights.
Under Section 1031 of the United States Internal Revenue Code, a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property, a process known as a 1031 exchange.
Oil and Gas is a speculative industry by nature. Recent changes in prices have dramatically changed the landscape. All landowners’ hope with fingers crossed that someday soon their oil and gas will be put into production, but that is not a reality for most people.
Money from lease bonus payments and royalties are taxed as ordinary income. A mineral rights sale is taxed as capital gains, which is exponentially lower than an income tax.
To provide a fair cash offer while providing a quick and easy closing, at no cost to you. We strive to build long lasting relationships with our landowners.
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