Our Process
Our process always starts with the mineral owner. We strive to meet the mineral owner where they are and have open conversations to see what their goals are for their minerals. We never pressure and we never coerce. We understand that each mineral owner is unique and has their own challenges and desires for what is best for them and their family.
So who will you be working with? The principals at Shiloh, each with 45 years of experience, have an exceptional reputation in the industry. Through their extensive experience in developing upstream and downstream oil and gas projects in the lower 48 states, they understand the value of minerals and royalty. They have participated in hundreds of oil and gas wells and acquired minerals and royalties throughout their careers. Their considerable experience allows them to efficiently assess the value of minerals. This background has allowed them to close on multiple mineral and royalty purchases since the late 1970s.
Should You Consider Selling?
• Prompt cash payment (Typically within 30 days after initial contact)
• Estate Planning
• Debt Relief
• Tax Advantages
Our Process in Determining the Value
Initial Contact-Information: We will ask if you can provide Shiloh with a legal description of the minerals. If not readily available, the members of the Shiloh team will assist you in determining those descriptions. Copies of deeds, previous or current oil and gas leases, division orders, or revenue statements would be extremely helpful in determining the value of your mineral ownership. Once identified, and should the minerals be located within Shiloh’s area of activity, Shiloh will begin the evaluation of the minerals.
Determining the Value: Shiloh will evaluate your minerals and will offer you a fair and equitable price. Please know that an evaluation of your minerals is dependent on multiple factors including lease terms, reserves, commodity prices, and expected drilling activity. We will discuss all of these factors with you so that you have a clear understanding of your minerals, their value and how that fits with your goals for your minerals. There is no obligation to accept Shiloh’s offer.
Examination and Closing: Once a price is agreed upon by both parties, a document known as a Purchase and Sale Agreement (PSA) will be presented to you for your review. Shiloh, at their own expense, will conduct an efficient and thorough title examination within fifteen (15) days upon the execution of the PSA. If title is satisfactory, payment will occur within five (5) business days after the expiration of the fifteen (15) day title examination period.
