Aspen Grove Royalty Co. actively acquires a variety of both producing and non-producing oil and gas interests. The closing and funding process is simple and quick once you decide to sell, we agree on a price, and we confirm that you own clear, marketable title to you interest.
We pride ourselves on our ability to quickly and efficiently close transactions after confirmation of ownership. And, there are many ways that we can structure the closing and funding process to ensure your comfort and satisfaction. Regardless, all costs associated with the transaction are paid by us, at no cost to you.
If you are potentially interested in selling all, or a portion, of your interest and would like to receive an offer please click here to learn more. If you have already received an offer, or letter of interest, from Aspen Grove Royalty and would like to discuss our level of interest in your property please contact us.
Following a cursory review of your property information we will make contact to inform you that we are either beginning the evaluation process or that your property does not meet our acquisition objectives. In limited circumstances you may be asked to provide us with additional information about your property before we can evaluate it fully.
Once we are provided with the pertinent information your work ends and ours begins. Because every oil and/or gas interest is unique the specific attributes associated with your property interest(s) will dictate the amount of time it takes us to fully evaluate it. Historically you can expect to receive an offer within 1 to 3 business days (for one property). A large portfolio of properties could take several weeks to fully evaluate.
Receiving an offer from Aspen Grove Royalty creates no obligation on your part. You can choose to reject our offer or accept our offer. It is that simple.
After agreeing on a price, a mutually acceptable written agreement is utilized in order to protect both the buyer and the seller. For smaller transactions a very simple one page letter agreement will usually suffice. For larger transactions a more detailed purchase and sale agreement ("PSA") is utilized.
Before Aspen Grove Royalty puts its funds at risk we must ensure that you own clear, marketable title to your interest with no liens or encumbrances of any kind. At this stage we will research the title to your interest. This is performed in the county in which your interest is located.
The agreement will define the mutually agreed upon funding and closing process. Funding and closing can be structured a variety of ways and the complexity of the process is usually dependent upon the size and scope of the interest being acquired; in any event we prefer as simple and straightforward a process as possible.
