FAQ

FAQ about Oil and Gas Mineral Rights

Flatiron Energy Partners are professional oil and gas mineral rights buyers and experts. Please read our list of FAQ about oil and gas mineral rights below. If you have additional questions please don’t hesitate to contact Flatiron Energy!

If I sell a portion of my minerals or royalty and a well is drilled on my property, will I still get paid for production from that well?

Yes, for the portion of your minerals or royalty that you retained. We are paying cash today to buy a portion of the royalty stream from and existing producing wells and any new wells drilled in the future.

If my minerals are already held by production (HBP) from an older existing oil or gas well can I still sell or portion of my minerals or royalty?

Yes. While we may not be able to offer a premium for these interests, as we have no way to determine when, if ever any new wells will be drilled, we can still offer you a lump sum payout price for your minerals as well as a fair cash price per acre for the undeveloped deep rights.

I have a mortgage on my property… can I still sell my minerals interest?

In most cases, the answer is yes. Call or email us for specifics.

Why are some cash offers for minerals and royalty sometimes lower than current bonus prices being paid in an area?

When an operator buys an oil and gas lease, they are buying the right to receive an average of 85% of all royalty that comes out of the ground after drilling. As a mineral owner, subject to an existing oil and gas lease, the most you can receive is 12.5% – 25% royalty (depending on the terms negotiated in your lease). Thus, when we make an offer, we are only entitling ourselves to a fraction of what an operator might receive is drilling is successful.

I’ve decided to sell all, or a portion of my minerals, now what?

After we’ve agreed to a price, Flatiron will verify your title at the County Recorder’s office. If everything checks out and upon your execution of the necessary paperwork, Flatiron will immediately present you with a company check can also execute a direct bank deposit at your bank of choice.

How long will it take to get my cash payment from the signing of a Purchase Agreement?

Our due diligence process generally takes 6 weeks to complete title and prepare all the necessary paperwork for closing.