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Home Page2021-07-21T10:08:43-06:00

About Foss Resources

Foss Resources was founded in early 2019. Our objective is to acquire and manage oil and gas interests throughout the US. We are actively purchasing and leasing for our affiliate company portfolios and investor partners. Our goal is to provide mineral and royalty owners a solution to realize immediate value for their rights.

Interested in Selling or Leasing?

A Straightforward Process

1

Fill out your information below and provide as much documentation about your property as you can. This may include revenue statements, leases, etc. that you may have received that would help us identify the details of your property.

2

We will review the initial information and follow up with additional questions by phone or email.

3

After we generally understand the properties you own, we will map those in our internal software and run an evaluation through our engineer.

4

We will reach out by phone or email to discuss an offer for your interest. Typically, after this is verbally agreed upon, we will send a formal Offer Letter.

5

After we receive a signed agreement back for your interest, we will run title and confirm your ownership.

6

Once title is confirmed, we will send a deed or lease in exchange for the agreed amount of consideration, based off your exact acreage determined.

REQUEST AN OFFER

Please fill out for a free consultation with no obligation!

CONTACT US
475 17th St., Suite 544
Denver, CO 80202
(601) 594-1223
[email protected]

WE’D LOVE TO HEAR FROM YOU!

    Full Name*
    Email*
    Phone
    Subject*
    Attachments
    County, State of Property
    Number of Acres
    Additional Information

    Our Team

    Benjamin F. Gowdey
    Benjamin F. GowdeyFounder and Manager
    Adam L. Woolley
    Adam L. WoolleyAcquisitions Manager

    FAQ

    Why would I sell?2021-01-23T15:06:51-07:00

    These are the most common reasons we have heard from owners:

    • Accounting and Management of the asset
    • Mitigate the risk associated with Oil and Gas investments
    • Need a lump sum for paying down debt
    • Other investment opportunities
    • Capital Gains (asset sale) vs. Ordinary Income Tax (royalties & lease bonuses)
    • Simplify estate distribution (when mineral rights continue to be split up and passed down, they generally have less marketability as to the value of the asset)
    • Life Expenses!
    What are the different types of Oil and Gas Interests?2021-01-23T15:07:56-07:00
    • Fee Mineral Interest (Includes royalty and executive leasing rights)
    • Non-Participating Royalty Interest (Perpetual rights to royalties with no executive leasing rights)
    • Overriding Royalty Interest (Royalty interest attached to a lease that expires with lease expiration)
    • Working Interest (Operating or Non-Operating interest in a lease that shares the expenses required to drill and develop an oil and gas well)
    What is 1031 Exchange and what does it have to do with Mineral Rights?2021-01-23T14:49:36-07:00

    A 1031 exchange is from Section 1031 of the U.S. Internal Revenue Code, which allows you to avoid paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like kind and equal or greater value.

    Mineral Rights can qualify for the exchange because it is a real property interest. If you sell your mineral rights for a gain and want to invest in a vacation property or other real property investment, you could benefit by deferring the capital gains tax into that investment. We are not tax advisors but happy to refer you to our contacts who specialize in this arena!

    Can I sell if my minerals are leased?2021-01-23T15:02:06-07:00

    Yes! If your interest is currently leased and you decided to sell, the minerals the buyer is purchasing would simply be subject to the terms of that lease and pass on to the new owner.

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