Buyer resources
New to Oil and Gas Acreage? Start Here.
Plain-language answers to the questions most buyers ask before their first conversation with us.
Common Questions
Frequently Asked Questions
Common questions from buyers considering acreage interest acquisitions.
Key Terms
Terms Worth Knowing
- Acreage Interest
- In oil and gas, an acreage interest refers to the fractional ownership or economic share in the mineral rights beneath a tract of land, expressed in “acres” but not necessarily representing physical land area. It quantifies how much of the subsurface mineral estate—oil, gas, or other resources—an owner holds, or the equivalent value of that interest in terms of production royalties.
- Mineral Interest
- A mineral interest is an economic and legal right to subsurface minerals located beneath a specific piece of land. It gives the holder the authority to explore for, develop, and extract those minerals, or to receive a share of the revenue (royalty) generated from their production
- Royalty Interest
- A share of production revenue paid to the mineral interest owner by the operator when production generates revenue. Deductions for production costs may apply depending on lease terms.
- Qualified Intermediary (QI)
- An independent party required to hold sale proceeds and facilitate replacement property acquisition in a 1031 exchange.
- Pooling / Unitization
- The combining of separately owned tracts or interests to form a unit for development, with production allocated proportionally.
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