Frequently Asked Questions

1. How do I receive an offer for my oil royalties?

In order for Contango to make an offer, we will need to determine the current value based on several factors (operator, royalty, location and phase of development). We coordinate with our legal team and engineers to determine the value. Initially, all we need is your last 3-6 months of check stubs or a copy of your last oil and gas lease.

2. If I request to receive an offer for my royalties, am I obligated to sell?

Absolutely not. There is no obligation to accept our offer, and all of Contango’s agreements with sellers will be in writing, with clear and transparent terms. 

3. Do I have to sell all of my royalties or can I only sell a portion of what I own?

Contango is willing to buy all or a portion of your interest(s). We work with the seller to figure out what makes the most sense. For many sellers who are not sure if selling or keeping their royalties is the best decision, selling a portion and keeping a portion can be a good way to “hedge their bets.” The only good deal is one that is good for both parties.

4. How long will this take?

Ensuring an easy, quick, and no-hassle selling process is the Contango promise. Once we reach an agreement with a seller on terms, Contango will review the seller’s ownership in the county land records. Once the ownership is verified, Contango will typically close in 72 hours. 

5. What kind of payment will I receive?

Funds will be paid by cashier's check or wire, whichever the seller prefers. NO BANK DRAFTS!!!