Southwest Petroleum Company, L.P
5646 Milton Street, Suite 421, Dallas, Texas, United States

Southwest Petroleum Company, L.P., is a privately owned company founded in 1987 in Houston, Texas. With our professional staff and unsurpassed expertise, the company has well over 100 years of collective oil and gas experience. Today, our company is involved in property acquisitions, leasing, drilling and the prospecting for oil and gas through various partnerships we have created over the course of our time in business.  Southwest began operations with the idea of providing owners of smaller royalty interests the means to access the same level of expertise and individual attention as larger owners. We developed an easy-to-understand, all-in-one packet of information. We made fair market offers. We streamlined our operations to typically close in just a matter of days instead of the standard 30 to 60 days. And we handled all of the follow-up paperwork and legal filings at no additional cost. It was an underserved need from a business standpoint and meant a lot of work for little reward.  Over the years, Southwest continued to grow based on this level of providing personal service, being a good listener and maintaining our sense of fair play. Today, we purchase not only oil and gas royalties but also mineral interests on both producing and nonproducing lands across the country, each ranging in value from a few hundred dollars to as much as several million dollars.  Along the way, we’ve done our best to treat every owner with the same high level of respect and honest discourse. At Southwest, we pride ourselves on being competitive with every offer and handling every transaction with the highest standard of integrity, personal service and professionalism.

Simplifying Lives

Over the years, our efforts have reduced the number of outstanding royalty owners and as a result have streamlined many companies’ operations and simplified people’s lives.  Oil companies now have thousands fewer royalty checks to print and mail each month, less 1099s to send out each year and more time and attention to give to their current owners.  Property taxing agencies have less accounting work and administration headaches to deal with, which saves them time. And because Southwest likely pays federal taxes at a higher rate than the average royalty owner, federal agencies are collecting additional income, which is good for the country.  Individual owners are relieved of keeping up with the growing number of federal, state and county forms and tax filings and can have peace of mind knowing they received a fair settlement for their mineral and royalty interests.

Our Interests Have Grown

Southwest Petroleum Company, L.P., has expanded our business beyond purchasing oil and gas royalties to include the acquisition of mineral interests on both producing and nonproducing acreage. And as a result, we also lease our land to operators who may be interested in developing new operations.

Good Partners Make Us Stronger

We are fortunate to have a strong crew of smart and capable partners whom we call on to provide the clout we need in both legal and financial matters.

Our Process

• It is our goal to make the selling process as easy as possible. Therefore, we have created a three-step process for selling your oil and gas royalties or mineral property:
• create an offer packet that includes a mineral and royalty deed, bank draft and simple instructions. Instead of asking you to do all of the research, we attempt to prepare the offer in advance using the best public sources available.
• Read the materials you receive thoroughly for accuracy. Call us to correct any legal errors or inconsistencies or to clarify your understanding of the materials. (Of course, feel free to consult your attorney.)
• Once you decide to sell at an agreed-upon price, our offices will handle all of the documentation required in order to make the ownership transfer. Including deed preparation, title work, tax office notification, oil company notification and any other transfer documents necessary.
• If you have already received an offer from us: The bank draft amount included in your offer has been calculated using the recent appraised value of your interests from the county tax office in which your minerals are located, along with other public sources.
• If your offer appears too low to you, then either your value is appraised too low at the county tax office (and you may not be paying enough in property taxes) or market conditions have changed, in which case we would be happy to recalculate your final offer amount. So that you know, the county tax office is in charge of making sure your appraised value is correct and up-to-date. We are always in contact with them to ensure that our offers are as accurate as possible.
• We will also work with you to clear up any heirship problems in order for you to sell your share. However, keep in mind the heirship process does take time, especially in the event of a deceased relative or missing relative. Also be aware that hiring your own attorney to clear up any family or heirship matters may eat up any monies you have coming, particularly on a small interest. A better option may be to consult with our office staff to sell your interest and take a lump sum payment.
• Our office land staff and Southwest’s contract attorneys will strive to save time, money and legal fees for us both. Feel free to contact your own attorney with questions concerning the sales process, document preparation or their pricing for this type of work if you would rather pay for this service yourself.
• If you are unsure as to what you actually own or have inherited, our office will contact the oil company on your behalf to gather the needed information to make you a fair market offer. Ask us about our Ownership Research Form letter, which gives us permission to work directly with the oil company or operator that pays your royalty on your behalf.