Location – Areas within the core of a resource play, such as the Barnett Shale formation, Mississippi Lime reservoir and Woodford Shale.

Timing – Target areas which recently have been successfully drilled and not completed or have been recently permitted and drilling is eminent.

Operators – Focus on acquisitions under or around industry leading operators who have drilled and completed select successful wells within a basin, such as XTO Energy, Inc. and Chesapeake Operating, Inc.

Lease Status – Focus on Royalty Interests that are under lease and either permitted, recently drilled and completed, or currently producing.

Pricing – Our Servicer uses various methods such as in-house reserve estimates, conservative oil/gas pricing, average pooled unit size, average royalty amounts, property size, etc., in determining the best price to offer a potential seller.