THE ACQUISITION DESK

A Midland Desk Built Around Underwriting

Mineral Rights Acquisition evaluates interests the way an acquisition desk should: identify the asset, normalize the evidence, model the producing and undeveloped cases separately, price uncertainty explicitly, and keep the proposal tied to the interest the records support.
We do not substitute a countywide multiple for a tract-level review, and we do not hide the variables that can change a preliminary range.
Mineral acquisition documents

Owner Resources

The file begins with the interest type, record owner, county, legal description, net mineral acres, ownership fraction, lease royalty, depth language, reservations, operator, unit, and wells. Pricing starts only after those facts describe one coherent asset.

Build the Producing and Undeveloped Cases Separately

Existing wells are evaluated from actual production and an appropriate decline curve. Undeveloped value is evaluated from permits, offsets, spacing, formation, operator pace, and timing probability. Combining those cases too early hides where the range is really coming from.

Price the Assumptions, Not the Story

Title Records

Reconcile Decimal and Acreage

The owner decimal, lease royalty, unit allocation, net mineral acres, and ownership fraction should reconcile to the best available documents. A mismatch becomes an explicit adjustment item rather than disappearing inside a blended multiple.

Valuation Model

Explain What Moves the Range

A new permit, a corrected decimal, an additional tract, a depth reservation, a different lease burden, a title cure, or a revised well forecast can move consideration. The acquisition file identifies those levers before a proposal becomes a closing document.

Normalize the Producing Evidence

Check stubs and statements are organized by product, sales month, volume, price, taxes, deductions, decimal, and net payment. Suspense releases, prior-period corrections, recoupments, and one-time adjustments are separated from recurring cash flow.

Close on the Interest That Was Underwritten

The purchase agreement, exhibit, title findings, adjustment schedule, settlement statement, and deed should agree on owner, tract, fraction, acres, depths, included rights, exclusions, effective date, and consideration. That is how underwriting survives the closing table.

Start With the Evidence Already in Hand

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