WANT TO BE OUR CUSTOMER?

1Create an account.
2 contact us.
3 Access our benefits

info@vaultspire.com

WORKING HOURS

Mon-Fri 9:00AM - 5:00PM
Sat - 10:00AM-3:00PM
  • Home
  • NON OPERATING INTEREST
August 25, 2016

We Buy

NOI

We are financially strong company with the abilityto meet our existing expense -

commitments and future capital commitments as a partner in working interests. If you have any non-operating working interest partners that want to liquidate their ownership position with your company, we will be happy to quickly generate an offer and consider purchasing their interest.
CONTACT USLEARN MORE

NON OPERATING INTEREST

WHEN TO SELL YOUR MINERAL RIGHTS

There are many reasons for selling oil and gas royalties and mineral interests. Instead of waiting for your royalty checks to roll in, selling your interests would provide a lump sum cash payment up front. Divesting all or a portion of these interests can help pay off debts such as mortgages and car notes or a number of other financial burdens. Selling could also afford you the opportunity to travel, help fund a loved one’s wedding or college expenses or even give you the capital for a down payment on a new home or car.

In addition to the financial gains selling oil and gas royalties and mineral interests can provide, divesting your interests eliminates the hassle this type of asset management requires. Selling your interests also eliminates the need to pay yearly property taxes which are not assessed on the actual cash flow you receive, but rather on what the appraiser believes the future value of the property to be at that time. Income from interests is also considered as ordinary income and is subject to income taxes.

Reasons to Sell

The most common reason for selling interests is that oil and gas properties are depreciating assets.

Instead of waiting for the eventual production to cease, selling your interests eradicates the uncertainty surrounding these types of assets.

NOI

In addition to the financial gains selling oil and gas royalties and mineral interests can provide, divesting your interests eliminates the hassle this type of asset management requires. Selling your interests also eliminates the need to pay yearly property taxes which are not assessed on the actual cash flow you receive, but rather on what the appraiser believes the future value of the property to be at that time. Income from interests is also considered as ordinary income and is subject to income taxes.

The process begins with a no obligation evaluation of your interests. In order to give you the most accurate offer, we will need to see copies of your most recent production statements. These production statements are accompanied with the checks you receive for your royalty interests and detail your individual interest amount and the production information.

Once our engineering team has completed their thorough evaluation, your account manager will extend an offer to you. If you choose to accept our offer, our title department will begin preparing the necessary documents to transfer title into our name. Royalty Clearinghouse pays all closing fees associated with the transfer of your interests.

Once the original executed and notarized assignment is returned to our office, we will begin our due diligence process which typically takes 10 to 15 business days. This process includes confirmation that there are no encumbrances on your ownership of the minerals, contacting the operator regarding the transfer of interests and verifying current production levels. After our due diligence process is complete, we are able to fund you via draft, company check or a wire transfer directly to your bank account.