We’ve been buying
Oil & Gas Royalties
since 1992


We’ve been buying
Oil & Gas Royalties
since 1992


We’ve been buying
Oil & Gas Royalties
since 1992

Company History

Statewide Minerals Company was founded in 1992 with the simple idea that acquiring small to large producing royalty interests in volume would be an effective way to build wealth without the risk of owning just a few properties susceptible to the volatility of the oil and gas industry including price fluctuations, depletion and operation mishaps.

This business plan has proven to be effective as Statewide has remained a strong oil & gas property acquisitions company for over 25 years while acquiring interest in over 10,000 leases and over 35,000 wells throughout the United States.

Headquartered in Midland, Texas, Statewide continues to acquire thousands of properties a year concentrating on Permian Basin assets but open to acquiring properties anywhere in the United States.

Reasons to Sell to Statewide Minerals

If you are in the market to sell your minerals we suggest you get a couple of bids, once you do you’ll know
why you should sell to Statewide Minerals. But, since you’re here we’ll go ahead and give you a few
reasons why clients choose us time and time again.

Lump sum payment now

The most common reason people sell to us is because we pay a lump sum within three to five business days from time of contract completion.


Oil and gas are one of the most volatile assets one could own. With the numerous outside forces that determine the ever-changing value of oil and gas assets having the assurance that your money is safely placed in your bank or other investments can be re-assuring.

Selling in a seller’s market

This could change tomorrow or a year from now but, at current prices, and because of the current tax environment, there is no question that we are in a seller’s market. Selling while values are high is not only a good financial practice, but because not even professionals can predict what the value of oil and gas will be in the future, selling while high is a safe bet.

Decrease of paperwork

From additional tax return requirements to the ongoing bookkeeping owning oil and gas assets can be quite cumbersome.

Get paid for assets while you can

All oil and gas properties are a depleting resource. It’s only a matter of time before your assets will eventually quit producing. Rather than waiting for that time when they are no longer of value consider selling them now while you can receive a premium.

Eliminate property taxes

Paying anywhere from five to ten percent of your total production income can be frustrating especially because it’s based on the future value of the property and not the actual income made from the oil and gas produced from the property.

Sell while current tax codes are in your favor

The income derived from selling your oil and gas properties would fall under the long-term capital gains tax if you have held it over a year. This tax is one of the lowest tax rates in the world at 20%. This tax rate could change depending on the country’s political climate but at its present rate it is the lowest it has been in over half a century making for a tremendous opportunity if you’re in the market to sell.

De-fractionalize estate to heirs

Many times, an estate will have many heirs to oil and gas properties that make little or no income. Selling provides an estate with ability to exchange these tiny fractionalized interests for cash so that heirs of the estate might inherit a more manageable asset. This is particularly helpful when heirs have little or no knowledge of the oil and gas industry. Also, the transfer of these properties can be cumbersome and confusing, leaving heirs with a lot of work while providing little reward.


Our process is so easy that it’s not uncommon for our clients to have money in their hands just a week after filling out a request. While we encourage you to request offers from several companies we find that many people are surprised at our offer and are ready to move forward immediately. The good news is, when you’re ready we are. We will send you the documents to complete the sale and you will receive money by check, wire transfer, or draft in as little as three business days.

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What’s better then receiving cash? Receiving cash quickly! Over the years we’ve heard our clients say they appreciate receiving their money fast, that’s why over the years we’ve worked on getting money into our clients’ hands even faster! Once all paperwork is completed you will receive money by check, wire transfer, or draft in as little as three business days.

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We’re Buying
in Your Area

If you have rights anywhere in the U.S.will look at your assets and create an offer. We are not restricted to the current hot spots and we won’t give you less than what your minerals are worth based solely on the trending areas at the moment.

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Once I agree to a price, am I bound by our verbal agreement?

No, you can back out of our mutual verbal agreement at anytime up until you sign and notarize a mutually acceptable agreement which we provide and record at no cost to you.

How do you formulate your offer amount?

Statewide uses various processes to come up with your offer amount. Prior to sending our offers, we have an outside engineering firm evaluate each and every property by using historical production records as well as decline curve analysis to determine your properties total reserves. We then use pricing based on NYMEX futures to determine the value of those reserves. Our offers can very from 40 months of your current monthly revenues to sometimes as high as 100 months of your current monthly revenues. The performance of your property, quality of the oil or gas, decline rates, future potential and location of your property are all determining factors in whether or not you receive a high or low monthly multiple.

What kind of cost and expenses will I accrue if I were to sell?

None, unless, of course you choose to use outside professional advice such as an engineer or a lawyer. Statewide will be responsible for all associated costs including filing and recording fees, agreement generation, engineering and due diligence including title verification and curative.

What are oil and gas prices going to do in the future?

We don’t know and neither does anybody else. We can tell you that many factors do affect prices including geo-political unrest, government interference, weather, supply and demand problems among a host of other factors. We can also tell you with some certainty what oil and gas has done in the past. With energy prices at historic highs, this is an opportunistic time to convert a royalty interest into cash.

Why would you want my property when you just gave me all those reasons to sell? Example: a depleting asset?

Statewide Minerals Co. is what you call an aggregator or collector of various producing oil and gas royalty interest. Some of these properties are big but most are very small. Some of these properties perform poorly and some perform well. The purpose of our buying these properties is that we have found that buying in volume or acquiring many properties at a time, whether it’s during bad times or good, will hopefully produce a return similar to a mutual fund or other return investments. Usually the seller of a property only has a handful of these properties that are often times located in one specific area. This, often times, does not allow for much future upside in a depleting asset or as its commonly known as “serendipity”. Our diversification of properties allows for better performance over the long run that single, centrally located properties cannot provide.

Do you have any partners or investors?

No, we have no outside investors or partners. we have no outside investors or partners. Statewide Minerals has been a family owned business since 1996. Part of the reason Statewide has been able to exist in good times and bad is the philosophy of buying and holding without diluting our interest. We hope we can continue doing business in this matter for years to come.

I’m paying taxes on my property but I’m not receiving any income. What do I do?

There could be several reasons for your dilemma. 1) Your property could have stopped producing oil or gas but the county is still charging you for a value. We cannot promise results, but it would be a good idea to inform your county tax assessor if this is indeed the case and instruct them to lower or terminate your tax burden due to terminated oil and gas production on your property. 2) Your property could be in suspense. Many times a disburser will place an interest owner’s payment in suspense if they do not have a proper address or an unsigned division order, unbenounced to the interest owner. Please call the disburser’s division order department to clear up these problems. 3) You might not be receiving much income. Many companies will hold your revenue in suspense until a check will reach $50 or even $100, or disburse your income once a year whichever comes first. Once again, a call to the disbursing company should clear this up.

How do I get an offer or re-evaluation?

It’s easy, please go to the “Simple Process ” section of this web site and follow the instructions or call us at 1-800-554-1884 and we will answer all of your questions you might have, or go to the“Offer Request”page of our web site and fill out the questionnaire. Remember we can answer any question you might have an it is all at no charge to you.

Simple Process

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