Company Profile
White Star Energy specializes in purchasing oil and gas royalty and mineral rights from a diverse range of sellers, including individuals, estates, trusts, non-profit organizations, corporations, and universities. Often, these sellers have inherited these interests and are not actively involved in the oil and gas industry, making professional management impractical. To facilitate the sale, we handle the preparation of assignments and deeds, and if necessary, conduct additional probate of an estate.
Duke Edwards
President
Duke Edwards graduated from Oklahoma State University with a BS in Finance. He has over 30 years of experience buying mineral and royalty interests. Before founding White Star Energy, he worked in commercial real estate in Dallas, Texas. Edwards moved to Midland in 1992 and started White Star Energy. He has launched multiple sister companies and is a partner in an oilfield services company.
Aaron Elizardo
Manager of Acquisitions
As Manager of Acquisitions for White Star Energy, Aaron Elizardo is committed to ensuring high quality engagement with current and potential clients. Aaron moved to Midland from Lubbock, TX in 2008 following his graduation from Texas Tech University with a Bachelor in Business Administration. Aaron has more than five years of experience in the oil and gas industry, buying mineral and royalty interests. He previously worked for six years as a business manager.
Benefits of Selling
White Star Energy purchases oil and gas royalty and mineral rights from individuals, estates, trusts, non-profit organizations, corporations, and universities. Having inherited, most sellers are not active in the oil and gas business, and cannot justify professional management. We prepare the assignments and deeds, and will conduct additional probate of an estate when necessary.
Over the past 22 years we have discovered many reasons why our clients want to sell their interest, some of which include:
Other investment opportunities
An unforeseen opportunity, new business venture, further diversification of an investment portfolio or a down payment on a new house may create the need for immediate cash.
Estate Planning
In some cases, it is better to sell property now rather than have it become part of your taxable estate and create unnecessary burdens to heirs when there is a need for disposition.
Estate settlement and trust distribution
Mineral and royalty interests that are part of an estate or trust are much easier to divide among heirs and beneficiaries as cash rather than percentage decimal interests in various properties.
Depleting asset
Because oil and gas wells are depleting assets, production declines over time and at some point ceases to provide income.
Increasing tax burden
Property taxes are always increasing as they are assessed on appraisal district projected values and not on the actual income produced. Besides federal and state income taxes, the properties are also burdened with severance taxes ranging from 4-7.5% in Texas and even higher in other states.
Tired of paperwork
Keeping up with division orders, company changes, production statements, tax receipts, and 1099's to submit to your accountant or to include in your own tax returns takes a great deal of time.
Frequently Asked Questions
Why should I sell my royalties?
The most common reasons for selling mineral or oil and gas royalties are to receive a lump sum payment for assets, alleviate the risk of declining production, and to remove additional taxes on royalty payments.
Why should I sell to White Star?
You will find that our offers are highly competitive. Additionally, the personal care we offer to each client provides for a quick, easy, stress-free process.
How much data is required for an offer to be made on a property?
The more information, the more accurate bid we can provide. At a minimum, we need the last three months of check stubs from the land. Click here to request a bid online.
How long is the closing process?
Once an agreement is reached and all necessary paperwork is signed, payment will be processed within 48 hours.
The White Star Difference
COMMITMENT TO OUR CLIENTS
Our goal is to give our clients the most for their land and make the selling process simple. We are committed to competitive pricing, a quick turnaround time and providing answers to all of our clients' royalty rights questions.
EXPERIENCE
White Star Energy personnel have a combined experience of over 50 years in the oil, gas, and mineral rights industry. This knowledge gained throughout the years allows us to handle each circumstance in the appropriate manner.
TRANSPARENCY
We believe in full disclosure and will answer any question that you may have. Our transparency provides a trustworthy relationship between us and our clients.
Request an Offer
If you currently receive a monthly check for gas, mineral, or oil royalties or if you own the rights to minerals that are not yet producing, please fill out the form below for an estimate of the cash we can offer you.
Areas of Interest
List of states highlighted on map that we are actively buying in:
Texas, New Mexico, Oklahoma, Louisiana, Mississippi, Alabama, Arkansas, Colorado, Utah, Wyoming, Montana, Kansas, North Dakota, Illinois, Michigan, Kentucky, Ohio, West Virginia, Pennsylvania & Alaska
