Why do you want to buy my oil and gas interest?

We consider oil and gas interests solid intermediate assets which can provide a steady rate of return over the next 10-20 years. We are experienced in dealing with the various issues that arise when managing these assets and can address them without incurring the costs and/or time that many owners face in similar situations.

Are there any costs or fees associated with selling my oil and gas interest?

There are no costs or fees incurred by you in the transaction with River City.  Once we receive the originally signed deed/assignment of your royalty interest, we simply remit the agreed upon purchase price.    

Is it difficult to sell my oil and gas interest?

No. Our goal in any transaction is to make it as simple as possible to reach closing. If we need information from you, we will ask. Otherwise, the only thing you need to do is accept our offer. We will then prepare a deed/assignment and send it to you for signature. It must be signed in front of a Notary Public and then returned to our office. Once we receive the original signed and notarized document, we will make payment by check or wire transfer, whichever you prefer. Payment is generally made the same or next business day the deed/assignment is received. 

You sent an offer letter to my deceased relative. Are you still interested in purchasing their interest?

Yes. This is a common issue with producing oil and gas interests. If the individual we sent a letter to is deceased, please let us know and we will work with you to develop a plan to transfer the interests from them as a part of a transaction.

Why should I sell my oil and gas interest?

Many people choose to sell their interests for personal as well as economic reasons. In addition to the purchase price, we find that individuals are often motivated by concerns that the interests will be further divided among future generations and that the costs associated with managing the interests (tax accounting, income tracking, county property taxes, etc.) outweigh their benefit. 

How did you calculate the value of my oil and gas interest?

Our offers are based on three pieces of publicly available information: (1) your decimal interest in a lease (obtained from the county appraiser); (2) average oil and/or gas production over the past 12 months (obtained from state production reports); and (3) cash price of crude oil or natural gas for each month (obtained from the federal government). We use these numbers to estimate your average monthly revenue for each oil and gas interest. These averages are then used to calculate purchase prices, which represent the point where we believe we will recoup our initial investment. Our goal is to reach this point in 4-5 years and our offer price represents the summation of all your interests in the county. 

I have oil and gas interests in other counties/states. Are you interested in purchasing these as well?

Yes. Often, individuals have additional producing interests that are not covered by our offer letter. Please let us know if this applies to you and we will be happy to review and, in most cases, revise our offer to include them.

I am worried that this is a scam.

Tyler is a practicing and licensed attorney.  Although he is not acting as an attorney when he participates in transactions on behalf of River City Royalties, his legal background and status of means that he is still bound by ethical duties of honesty and integrity to those he transacts business with.  Nick has earned his Certified Professional Landman (CPL) designation, which is awarded to active members of the American Association of Professional Landmen who meet stringent educational and experience requirements, and maintain a high level of ethics in any business relationship or transaction.  As long-time industry professionals who value our good reputation, we take our duties seriously and are committed to answering all questions asked, fulfilling all our obligations, and maintaining transparency with each transaction.