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.
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.
In most cases, the answer is yes. Call or email us for specifics.
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.
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.
Our due diligence process generally takes 6 weeks to complete title and prepare all the necessary paperwork for closing.