Great Southern purchases oil royalties, gas royalties, and mineral rights as a long term investment. We purchase producing and non-producing mineral rights, royalties, and overriding royalties.
The single most important part of the process in making sure Great Southern gives you a fair offer based on a sound engineering foundation, is to provide good data.
Review (6) months check stubs and build a database with all producing properties
Research for activity on the leases. Build in probables and possibles when data supports it
We run a decline curve on each well to determine monthly production going forward
Apply the current NYMEX strip to determine monthly cash flow going forward
There are many answers to this question, some detailed below. However like the old saying goes, holding onto 100% of your mineral or royalty interest is like “keeping all of your eggs in one basket” while selling only a portion gives you a hedge against the risks associated with the Oil & Gas business. Other answers to this question which focus on small interest include continued fractionalization, as well as the elimination of paperwork.
Royalties are depleting natural resources and not appreciating financial assets. The production from Oil & Gas reservoirs does not last forever. It is also facing increased competition from alternative energy sources such as; ethanol, solar, bio-fuels, etc. Also, there is increased political pressure to increase the amount of taxes owed on oil and gas income, windfall profit taxes and proposed carbon taxes are two examples.
It was a pleasure working with the team at Great Southern, they were prompt to answer and return my calls, kept me informed through various stages of the transaction, and were able to close before the deadline, I would reccommend Great Southern to all my friends and family.
I had an offer on my minerals from a company that backed out at the last minute, I contacted Great Southern and they not only matched my offer they beat it!
Great Southern always returned my calls promptly, their staff was very friendly and professional, and demonstrated strong integrity through every phase of the deal.
Great Southern Minerals was very courteous and respectful, I have a hard time hearing on the phone and they took the time to make sure all of the information I was providing was correct.
We always take the time to speak with our mineral owners, find some of the most frequently asked questions below.
A. This is the most common question we encounter. Usual reasons include liquidation of an estate, converting future cash flows to a present value, or guaranteeing a payment vs. waiting on the development of a lease that may never happen. Selling your mineral interests can provide you with a one-time lump cash payment to place into safer investments or reduce debt.
A. Fill out our no obligation form to receive a non-binding quote (located on the right of each page). Once we agree upon several key terms, we will execute a Sales Agreement, and after a full mineral title search and/or royalty verification execute payment and a deed. There is no obligation until an agreement is reached, and further, all costs associated with the preparation of the documents and title examination will be absorbed solely by Great Southern Minerals.
A. We use 6 months of your most recent check stubs to build a database. From there, we pull drilling permits and any additional information to determine how many new wells could potentially be drilled on your property. Once future production has been determined, we use a NYMEX strip to estimate future monthly cash flow. Our offer will then be based on a monthly multiple of current cash flow, as well as location, operator, well count, reservoir, life expectancy of wells and upside potential.
A. No, you can sell as much or as little as you want.
A. Once agreement is reached and all necessary paperwork is signed, filed of record, and title verified with the operator or lessee of record, payment will be issued in a timely manner.
A. Great Southern Minerals purchases producing and non-producing mineral, royalty and overriding royalty interests located throughout the United States. We buy interests of all sizes, Great Southern Minerals will also evaluate oil and gas working interests.
We are available by phone or email Monday through Friday, 8am to 5pm, central (UTC−06:00) time. Leave us a message using the form below, and we will get back to you the following business day.
P.O. Box 51243
Lafayette, LA 70505
Office - 337.205.2121
Fax - 337.453.2519