Step-by-step
A look into what to expect throughout our acquisition process
The Locke Resources team has years of experience in appraising, investing, and buying oil and gas assets. Our clients can trust us in knowing they are receiving the most accurate valuation and offer a fair market price for their assets.
Evaluating your ownership
Upon connecting with a team member at Locke Resources or submitting your property information via our website, our technical team will perform an evaluation of your interest. This often includes a review of revenue statements, oil and gas leases, family ownership history, county records, etc. Typically, within 1-2 business days, we will get back to you regarding an offer.
Accepting your offer
After the parties mutually agree on a purchase price, our team will prepare a Purchase and Sale Agreement to be executed by both parties. We are willing and able to answer any questions you may have and what to expect moving forward.
Due Diligence
Our due diligence team will promptly work with our trusted partners to confirm all necessary details of your ownership. Due diligence and title verification are performed, confirming ownership of your interests.
Closing
Once we have concluded our due diligence, we will contact you with an anticipated closing date and arrange payment for your asset. On the closing date, Locke Resources will provide you with final monetary compensation, a closing statement, and our title findings.