About Foss Resources
Foss Resources is a non-operating oil and gas investment company. We are actively acquiring and managing Mineral, Royalty, and Leasehold Working Interests within and under the major US shale basins. Our goal is to provide immediate liquidity solutions for Mineral Owners while striving to be flexible, fair, and transparent.
If you are a mineral and royalty owner interested in selling, leasing, or simply curious to find out more information about your mineral rights, please feel free to reach out!
Our Process:
1
Fill out your contact information below with details about the property you own. Or reach out directly to one of our Team Members.
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 your interest and follow up with 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 or Lease Agreement by mail, email, or request digital signature.
5
After we receive a signed agreement back for your interest, we will finalize our Due Diligence and confirm your ownership in the subject lands.
6
Once title is confirmed, we will send the closing documents, that will need to be signed and notarized. Once returned, we will send payment by check or wire for the agreed amount.
REQUEST AN OFFER
Feel free to fill out your information and we will reach out to you within 24 hours. Also, feel free to reach out directly to one of our team members below!
Office Address:
10 Burton Hills Blvd., Suite 220
Nashville, TN 37215
Mailing Address:
1906 Glen Echo Rd., #150767
Nashville, TN 37215
WE’D LOVE TO HEAR FROM YOU!
FAQ
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!
- 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)
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!
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.
