With decades of combined experience in the energy and real estate sectors, our management team at Greenstar Resources Operating, LLC, brings unparalleled expertise to every transaction. We prioritize integrity, honesty, and fairness in all our dealings with customers, striving to uphold the highest ethical standards at all times. Our goal is to provide competitive proposals with swift turnarounds, ensuring smooth and efficient transactions for our clients. Your satisfaction and trust are at the forefront of everything we do, and we are dedicated to delivering exceptional service with every interaction.

You can fill out and submit our user-friendly online form. Alternatively, you can call us at (405) 310-3369 Ext 102, or on our toll free number, 1-800-232-3082. We will contact you with a proposal after we receive your information.

Royalty and mineral interests derive their value primarily from the income they generate. While sentimental reasons or family legacies may lead someone to retain such interests, it's crucial to recognize that if a mineral interest isn't currently producing oil and gas, it isn't generating any revenue and may not be advantageous to hold onto. Additionally, producing mineral interests will inevitably deplete over time, which means that a decision that may have been the right one ten years ago may not necessarily be the right decision today. It's important for owners to regularly assess the status and potential of their mineral interests to make informed decisions about their management and disposition.

If you've held your interest for longer than 12 months, you may qualify for taxation at the federal long-term capital gains rate, which is typically lower than the ordinary income tax rate. Moreover, only the gain from the sale would be subject to taxation. Another option to consider is a 1031 exchange, which allows you to defer taxation by reinvesting the proceeds from the sale into real property. Taxation on the gain would be deferred until the new property is sold. It's important to note that Greenstar Resources Operating, LLC, does not provide tax or legal advice. It's advisable to consult with your accountant or attorney to understand any potential tax liability and explore the best options for your specific situation.

Absolutely, you're welcome to retain a portion of your interest if that aligns with your preferences and objectives. Whether you choose to sell a portion or all of your interest is entirely up to you. Our goal is to provide you with flexibility and options that best suit your needs and circumstances. If you have any specific preferences or requirements regarding the sale of your interest, please let us know, and we'll work with you to accommodate them to the best of our ability.

When you sell to us, you won't be liable for any fees. We cover all closing costs, including expenses related to title examination, legal document preparation, and subsequent recording fees. Our aim is to streamline the process for you and ensure a smooth transaction without any financial burden on your part. If you have any questions or concerns about the closing process or associated costs, please feel free to reach out, and we'll be happy to provide clarification and assistance.

In most cases, once we confirm that you have a clear, marketable title to your assets, you can expect to receive payment within 1 or 2 business days via regular mail. Alternatively, we can arrange for an exchange of payment for fully executed and legal documents at our offices. Additionally, if you prefer, you may choose to use your attorney as an intermediary to obtain the funds on your behalf. We aim to provide flexible payment options that suit your preferences and ensure a convenient and efficient transaction process. If you have any specific requests or questions regarding payment arrangements, please don't hesitate to let us know, and we'll do our best to accommodate your needs. For more information on the journey from first contact to completed transaction, click here.

Absolutely, in this scenario, we purchase your interest, and it remains subject to the existing lease. Once the transaction is finalized, we will inform the lessee that a change of ownership has occurred. This ensures a seamless transition while honoring the terms and conditions of the existing lease agreement. If you have any further questions or concerns regarding the transfer of ownership and its impact on the lease, please feel free to reach out, and we'll be happy to provide assistance.

No. In that case, the bonus money associated with the lease remains separate from the sale of your interest. You are entitled to keep the bonus money, as it is not part of the transaction involving the sale of your interest. If you have any other questions or if there's anything else you'd like to clarify, please feel free to let us know. We're here to help!

In most cases, the production of a well will naturally decline over time. This is due to factors such as the depletion of recoverable oil and gas in the reservoir, as well as the reduction in reservoir pressure or the well reaching its water-producing phase. As a result, you may notice a decrease in your monthly revenue as the production from the well diminishes. It's important to be aware of these natural declines when managing your mineral interests and planning for future financial considerations. If you have any further questions or concerns, please feel free to ask.

We get asked this question a lot. Here is a simple step-by-step guide to calculate your royalty interest. - Take the number of mineral acres owned; and - divide that number by the acres in that well’s drilling or spacing unit; then - multiply this number by the royalty received as per your oil and gas lease. Example: You own 10 net mineral acres. The spacing unit is 640 acres, and the royalty is 1/8. What is my royalty interest? - 10 net mineral acres divided by 640 acres = 0.015625 - Multiply 0.015625 × 1/8, and you get 0.001953125 0.001953125 is your royalty decimal interest. This is the number you should see on your check under the column “decimal interest.”

A royalty interest is created from the ownership of minerals in a particular section of land. When a well is drilled on that land, the mineral owner leases their minerals to the operator in exchange for a specified royalty rate, typically expressed as a fraction of the gross production. Common royalty rates include 1/8 (12.5%), 1/6 (16.67%), and 3/16 (18.75%). On the other hand, an overriding royalty interest (ORRI) is typically created when a working interest owner assigns a portion of their interest to another party, or when a mineral owner assigns their leasehold interest to a working interest owner and retains an override. Owners of royalty and ORRI interests are not responsible for any well costs, including drilling, recompletion, or workover expenses. Additionally, they do not bear any of the monthly operating expenses associated with the well. Their income is derived solely from the royalties or overrides based on the production from the well.

There are five rights associated with a mineral interest: · the right to receive royalty · the right to receive delay rentals · the right to receive bonus payments · the right to enter and develop a property · the right to execute an oil and gas lease A non-participating royalty interest has only the right to receive a royalty. Thus, a mineral interest is typically worth more than a non-participating royalty interest.

Call your state’s oil and gas conservation commission and ask them how to get a copy of a drilling or spacing unit order for the well you are interested in. Here are the phone numbers for the appropriate state agencies: Alabama Oil & Gas Board (205-349-2852) Arkansas Oil & Gas Commission (479-646-6611) California Division of Oil & Gas (916-445-9686) Colorado Oil and Gas Conservation Commission (303-894-2100) Kansas Corporation Commission (316-337-6200) Louisiana Department of Natural Resources (225-342-4500) Michigan Department of Natural Resources (517-334-6961) Mississippi Oil & Gas Board (601-354-7142) Montana Oil & Gas Conservation Division (406-444-6675) Nebraska Oil & Gas Conservation Commission (308-254-6919) Nevada Dept. of Conservation & Natural Resources (702-687-4360) New Mexico Dept. of Energy & Natural Resources (505-827-7132) North Dakota State Industrial Commission (701-328-8020) Oklahoma Corporation Commission (405-521-2301) Texas Railroad Commission (512-463-6887) Utah Dept. of Oil, Gas & Mining (801-538-5340) Wyoming Oil & Gas Commission (307-234-7147)

Call the operator of your well and explain why you don’t feel you are being paid properly. Ask to speak to a division order analyst or a revenue accountant in charge of your property. In order to answer your question(s), the operator will need the name and location of your well and owner ID #.

A split stream connection is when more than one purchaser buys gas from a well. When this occurs, you must monitor the split stream connection to be sure you are receiving your full share of gas revenue attributable to your interest.

Look on your check stubs for a heading that says “Gross Volume” or “Gross Production Volume.” This will give you the production for that month. If you want historical production, check your state agency’s website or call IHS Markit at 1-877-765-8737. IHS Markit can provide historical production data for a fee.

No, you are not obligated in any way.

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