On June 14, 2020, Extraction Oil & Gas (XOG) announced that the company filed for Chapter 11 to relieve its debt burden of nearly $1.5 billion. The company has obtained $125 million in debtor-in-possession financing facility underwritten by Wells Fargo and has entered into a restructuring support agreement with certain unsecured noteholders in a debt-for-equity …
On May 11, 2020, Freedom Oil and Gas filed for Chapter 11 bankruptcy in Houston, Texas. According to the Houston Chronicle, the company said it was unable to pay its more than $10 million of debt as revenues have plunged during the global coronavirus pandemic. A full reserve report and economic results for Freedom’s assets …
FAQS ABOUT LEASING OR SELLING SOLAR RESOURCES Are you collecting as much money as you can for your property? Good chance you’re NOT. In this issue of the LandGate Blog, I want to answer some of the questions we get about solar farms, solar panels and how much you can make by leasing your property …
Houston, Denver | Released May 18, 2020 Oil Shock Presents Profound Buying Opportunity The current oil shock presents a generationally attractive entry point for investors to acquire oil and gas minerals Historically, oil and gas minerals have been a foundational asset for many family fortunes This attractive asset class is increasingly available to more investors …
Hello Brokers, We’ve gotten quite a few inquiries about working with LandGate lately, and we’re happy to report that we have some great opportunities. Even with oil and gas market fluctuations, we’re closing deals daily and making money for our clients and brokers. We’re an open marketplace for leasing, selling, and buying oil & gas mineral rights …
Navigating the Current Oil & Gas Market With the price of oil somewhere between -$35 and $10/bbl., how was LandGate able to close on the sale of four mineral deals last week? Because Gas is Good. Are you concerned about leasing or selling your minerals in this low oil price environment? If your minerals are …
Shut-in Wells, Bankruptcy, Acts of God & Covid 19 Over here at LandGate we are starting to get calls from mineral owners concerned about the drop in oil prices. Common questions are: I hear that oil companies might start shutting-in wells and not producing them. If this happens, will I still receive royalty checks? If …
Dear Friends, We know it’s a tough time for many people financially right now, and we want to help turn things around for our clients. There are many good opportunities to earn money from land and property rights, and extra monthly income is a welcome addition for most households. If you, or someone you know, may …
The Basics of Selling Timber Since we’ve opened up our marketplace to additional property resources, we’re starting to get a lot of questions about timber. The most common timber questions are: Can I sell my timber? What is my timber worth? Is selling my timber bad for my property? In this article we are going …
FAQS ON WATER RIGHTS OWNERSHIP We get a lot of questions about water. Most of the questions that come our way center around ownership and the demands on water by the oil and gas industry to frac wells. This article goes over a few thoughts about water ownership as it relates to the oil and …