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Home Page2024-01-08T07:43:21-06:00

About Foss Resources

Foss Resources is an energy investment firm, originally founded in Denver, CO, and now headquartered in Nashville, TN. Our primary focus is to acquire and manage oil and gas mineral, royalty, and leasehold interests across the USA. We hope to provide mineral and royalty owners an immediate liquidity option to either sell or lease their oil and gas interests. Additionally, we take pride in our flexible, creative, and fair deal structures that will hopefully create value for both parties of a potential transaction. If you are a mineral owner interested in a free consultation or simply need friendly advice about your minerals, feel free to reach out to one of our Team Members below!

Our Process:

1

Fill out your contact information below with details about the property you own.

2

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

3

After we gather information about the property you own, we will evaluate internally and follow up to discuss an offer to purchase or lease your interest.

4

If there is mutual agreement by phone or email on the terms of our offer, we will send a formal Offer Letter by mail, email, or request digital signature.

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 the closing documents, that will typically need to be signed and notarized. Once returns, we send payment for the agreed amount of consideration, based off your exact acreage determined.

REQUEST AN OFFER

Feel free to fill out your information and we will be back in touch ASAP. Also, feel free to reach directly to one of our team members below!

Office Address:
4900 Centennial Blvd., Suite 300
Nashville, TN 37209

Mailing Address:
1906 Glen Echo Rd., #150767
Nashville, TN 37215

 

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/Manager
    Adam L. Woolley
    Adam L. WoolleyAcquisitions Manager

    FAQ

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

    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?2021-01-23T15:07:56-06:00
    • 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?2021-01-23T14:49:36-06:00

    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?2021-01-23T15:02:06-06:00

    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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