3 Reasons to work with Chief Energy
We handle the details in collaboration with you. Our team knows mineral, royalty and nonoperated leasehold rights inside and out.
- Your rights deserve expert evaluation and our team of geologists, engineers and landmen are knowledgeable, diligent, transparent, and well qualified to undertake the evaluation of your interest.
- We value quick closings and prefer to keep negotiations simple. If an opportunity requires complex title diligence or closing structure, we’ll move at the appropriate speed to make sure items are handled as and when needed, and we’ll communicate with you at each step.
- We prepare all of the paperwork and conduct title due diligence to verify your interest.
Tell Us About Your Assets
step 1
Submit Details
Send us the basics about your property and mineral, royalty, or non-operated leasehold rights holdings
step 2
We Assess
Our team reviews location, geology, and market conditions thoroughly.
step 3
You Receive
A clear offer based on what your assets are actually worth
step 4
Title Due Diligence
A third party broker will conduct title due diligence to verify marketable title.
Our landmen will work with you if documentation is needed to clear title.
step 5
Then Close
FAQs
Common questions about mineral rights transactions answered plainly.
What is the process for leasing or selling my minerals?
First, we’ll gather basic information from you on features of the property and interest you are considering selling. These commonly include:
- Location and Legal Description
- Copies of recent revenue statements covering royalty payments if producing wells are present on the property
- Copies of documents affecting the property interest such as: A copy of the conveyance deed(s), or other instrument, covering Seller’s acquisition of the property interest, copies of active and expired oil and gas leases, and division orders for wells on the property.
Next, we’ll organize the information you provide and determine where we need to supplement with our own research. We’ll gather additional information and evaluate the property to determine an offer. We’ll discuss the offer with you and if a mutually acceptable price is agreed upon, we’ll draft a Letter of Intent that will memorialized our agreement and provide for a period of time during which we will conduct title due diligence. If we determine that you are vested with some, but not all, of the originally represented interest, we will scale our offer in proportion to your verified interest. If we determine that you are not vested with any of the represented interest, we will withdrawal our offer. If we are able to verify that you are vested with the interest initially represented, we will draft closing documents and a conveyance. A closing date will be set and at closing we will fund the agreed upon consideration and you will send us an originally signed conveyance. We’ll record the conveyance in the real property records of the county in which the interest is located and notify affected parties of the transfer of interest.