Frequently Asked Questions
Frequently Asked Questions
Interested in selling your oil and gas royalties? We’re here to help you make well-informed decisions. Learn more about how it works by reading the FAQs below.
Why does Gold Coast Minerals want to buy oil and gas royalties?
Why does Gold Coast Minerals want to buy oil and gas royalties?
GOLDCM was formed to provide liquidity to mineral owners with a no-cost, highly efficient transaction process. Our management team understands the risks of global commodity price fluctuations on the value of your minerals. Furthermore, by virtue of our 15+ years of owning and operating oil fields in the state of California, we understand these unique regulatory and environmental risks and believe we have competitive insight to offer you a bona fide purchase offer for your idle and active oil and gas royalties.
How do you determine the value of my oil and gas royalties?
How do you determine the value of my oil and gas royalties?
Our engineers and business executives have completed over $4 billion in asset purchases and sales since 1990. Since 2002, our team has evaluated and completed over $500 million in deals in California alone.
Our team has a deep understanding of the economic and regulatory environment that is unique to owning and operating oil and gas properties in the State. The team uses publicly available production data published by the California’s Department of Oil and Gas to estimate the remaining volumes of hydrocarbons to be produced, and then applies rigorous engineering and cash flow modeling tools it has developed over the past 15 years of doing business in California to estimate the market value of the oil and gas royalties owned by the Seller.
Our team is open to discuss with you how we will evaluate your royalties underpinning our possible offer.
What type of documents are required from the Seller?
What type of documents are required from the Seller?
Preserving the integrity of the Chain of Title is of utmost importance to energy companies and county clerks. GOLDCM utilizes a team of Certified Petroleum Landmen, references public documents and relies on private documents provided by the Seller to research and codify the Record Title Interest to be conveyed from the mineral owners to Gold Coast Minerals, Inc.
Basic information includes but is not limited to oil and gas lease information (Short Form and Long Form), Revenue Remittance Statements/Check Stubs and Title Opinions linking the mineral and surface estates.
Additional information provided by the Seller often includes generational conveyance documents transferring title from parents to children such as Last Will and Testament, Estate Plan, Probate Documents, etc. In certain cases, a Title Attorney or Probate Lawyer might be required for completion and submission of Affidavits of Heirship. In nearly all cases clean title can be derived. In rare cases a Quiet Title Action may be required.
How will title to the oil and gas royalties by transferred?
How will title to the oil and gas royalties by transferred?
Once a purchase price has been determined and mutually agreed upon, GOLDCM will provide the Seller with customized transaction documents prepared by its legal team. Depending on the form of mineral ownership (fee or leasehold), the documents may include, but are not limited to MINERAL GRANT DEED; MINERAL AND ROYALTY ASSIGNMENT; ASSIGNMENT OF SUBSURFACE OIL AND GAS LEASE; ASSIGNMENT OF LEASES, CONTRACTS, AGREEMENTS AND OTHER INSTRUMENTS; and PRELIMINARY CHANGE OF OWNERSHIP REPORT.
How long will it take to get my money?
How long will it take to get my money?
Payment via electronic funds transfer or cashier’s check is promptly made to the Seller upon execution of a mutually agreeable transaction documents previously mentioned in the FAQs.
Once these transaction documents are executed, notarized and returned by the Seller to GOLDCM, they are immediately submitted to the appropriate County Clerk for recording in the public record. This process is generally completed within 60 days of the Seller’s return of notarized documents, including the appropriate estate and transfer documents demonstrating ownership and authority to execute the Assignment.
