Experienced.
Transparent.
Honest.
Green Hook Resource's leadership has over 30 years of combined experience. We have dedicated our professional careers to the oil and gas industry in upholding the highest standards.
Why Us?
The biggest advantage of selling to us is our flexibility in negotiations and our ability to find value where others don't. Being privately funded, we can bypass the red tape that larger institutional companies deal with, which streamlines our process.
We also believe that the guiding principle in acquiring minerals is transparency. We treat all partners with honesty and transparency, with the sole focus on delivering what we promise in a non-pressured fair way.
Our
Process
Mineral Evaluation
Contact us for a no-obligation evaluation and quote for your mineral and royalty interests or to get a second opinion on whether or not to sell.
Due Diligence
We'll begin our due diligence process once the offer has been accepted. The process takes a just a matter of weeks and includes a thorough title review.
Receive Offer
We will be able to provide you with a precise quote, both in terms of the total cost and the price per acre, after asking you a few questions.
Closing
We'll send you a check or wire transfer for payment. GHR handles all document preparation and closing costs associated with the sale.
FAQ
We want to help you understand your minerals better.
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Most mineral owners do not develop their mineral rights themselves. Instead, they "lease" the mineral rights to oil and gas operators. Operators will pay the landowners a "lease bonus" for signing the oil and gas lease and then, once a well has been drilled, pay a "royalty", or fraction of production, once it starts producing.
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Pooling is the joining together of separate mineral interests or leases to meet regulatory requirements about well spacing. Unitization is the joint operation of part or all of a field or reservoir without regard for lease or property lines. Unlike pooling, which deals with particular wells, unitization deals with entire areas. The terms of pooling or unitization provision govern what the operator can, cannot, or must do. Many states, not including Texas, do provide for forced pooling. An Allocation well is a horizontal well that traverses the boundary of two or more units that are not pooled together.
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Royalty payments are typically made monthly and are determined by the division of interest (DOI), monthly production, oil and gas prices, and any operator deductions (e.g. transportation charges). Royalty checks for new wells are typically issued several months after production begins. Before an operator can begin payments, it must first determine each owner's DOI.
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A Net Mineral Acre is the unit of measurement to determine how much rights to the minerals owned in a tract of land. This is calculated by multiplying the percentage of minerals owned in a tract of land mutliplied by the gross acres in said tract.
For example, if you own 50% of a 10 gross acre tract of land, you would own 5 Net Mineral Acres.
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A Division Order is the document an operator and/or revenue distributor of an oil and gas well sends out to all owners entitled to a percentage of the production proceeds (royalty owners) wherein it is agreed on the exact decimal interest owned within a well, lease, or unit.
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It depends on several factors, but in general you should be able to lease your minerals rights for between 17% and 25%.
If you do not sign and oil and gas lease, there are potential risks associated with each state as to the royalty you may receive or not.
Request Your FREE Consulation
Contact us
Contact GHR for a FREE consultation and evaluation of your mineral rights or royalty interest ownership.
Or give us a call at