Start Your 1031 Conversation
We work alongside your Qualified Intermediary to help coordinate the acquisition process within the requirements applicable to your 1031 Exchange.
The Same Process. One Additional Layer of Coordination.
Texas State Royalties works with two primary types of buyers. The fundamental acreage acquisition process is the same for both — the 1031 path simply involves additional coordination with your Qualified Intermediary and professional advisors.
Direct Buyers
Individuals using available capital to purchase producing oil and gas acreage.
1031 Exchange Buyers
Individuals who may be seeking a qualifying replacement property after selling real estate.
From Conversation to Closing
Start With a Conversation
We begin by understanding your exchange situation, approximate purchase budget, objectives and timeline — including your approximate exchange amount, timing, desired acreage acquisition.
Coordinate With Your Qualified Intermediary
If you are completing a 1031 exchange, your Qualified Intermediary is an important part of the process. We work alongside your QI so the acquisition process can be coordinated with the requirements of your exchange. Your QI remains responsible for administering the exchange.
We Source the Acreage Opportunity
We draw on direct industry contacts to source an opportunity that may fit your objectives. The opportunity must meet our core acquisition criteria before we present it to you.
We Walk You Through the Opportunity
We walk you through the available information — including location, production history, revenue history, operator, ownership documentation and purchase price.
Purchase and Ownership
After closing, the buyer owns the mineral interest associated with the acreage and receives applicable royalty payments directly from the oil and gas operator. Not us.
Coordinate with your QI
We work directly with your Qualified Intermediary to align the acquisition timeline with your exchange requirements.
45-day identification window
We help you move efficiently so you can identify qualifying acreage interests within your identification period.
180-day closing window
We facilitate the acquisition process to help you close within the exchange period.
Qualified Intermediary
Your qualified intermediary will guide your specific circumstances. We handle the acreage sourcing and acquisition.
Frequently Asked Questions
Important Disclosure
Whether a specific acreage qualifies as replacement property depends on the facts and circumstances of the transaction and applicable tax rules. Buyers should consult their Qualified Intermediary to determine eligibility. Texas State Royalties does not provide tax or legal advice.
Ready to Start a 1031 Conversation?
Tell us your exchange amount, timeline, and objectives. We will use that information to determine what type of acreage opportunity may be appropriate to source.