Our Process

All we need to make an offer is some basic information about where your mineral rights are located and whether they are producing or non-producing. Contango will then make a FREE evaluation of your mineral rights and determine what your mineral rights are worth and make you a fair offer.

Once we make an agreement to purchase someone’s mineral rights, Contango will conduct title research and other due diligence to verify your ownership. Once that is complete, we are ready to close the transaction by signing the title transfer documents and paying the purchase price. 

The whole process typically takes 2-3 weeks, but can be completed in as little as 48 hours in some cases.

1. Producing Interests: 

If the interest is producing, and you are receiving royalty checks from an operator, the valuation process is simple. In this case, we can make our offers by comparing the information from your check stubs with publicly available information about other wells in your area. 

2. Leased But Non-Producing Interests: 

If the interests are leased, but not currently producing, they are a bit more difficult to value, but the process is still fairly straightforward. Because there is no current production, we must make educated guesses about several unknown factors that affect the value of the interest. We will evaluate these factors to estimate the future revenue the property may produce to determine the property’s potential value and our eventual offer. 

3. Un-Leased Interests:

Purchasing an interest that is not leased can be a risky endeavor. Therefore, the valuation is completely interest specific. Contango is one of the few companies willing to buy unleased mineral interests, and we base our offers for unleased interests on drilling and leasing activity in your area.