ALAMO ACQUISITIONS, LLC
ABOUT US
Alamo Acquisitions, LLC ("Alamo") is a privately owned and operated mineral and royalty company. Alamo was founded by Lance Fondren in 2016, and has since acquired and managed over 10,000 net mineral acres across several productive oil and gas basins. Alamo purchases mineral interests, non-participating royalty interests, royalty interests, overriding royalty interests, and non-operated working interests. Currently, Alamo has a strong focus in both the Denver-Julesburg Basin of Colorado, the Permian Basin of Texas, and the Williston Basin of North Dakota.
Alamo takes great pride in how it's employees and agents interact with mineral owners. We understand that selling can be a tough decision, and we promise to objectively evaluate your minerals and present fair offers. Selling is not for everyone, but in the right circumstance it can help pay down debts, reduce exposure to volatile oil prices, and diversify your investment portfolio.
We were born and raised in places where a handshake still seals a deal, and we live by "The Code of the West." We look forward to working with you!
Lance Fondren
Founder
Lance Fondren is the Founder of Alamo Acquisitions and Inked Land Company. Prior to Alamo and Inked, Lance was Right-of-Way and Land Manager of XTR Midstream, LLC, a subsidiary of Extraction Oil & Gas, Inc. Prior to XTR, Lance worked as a Landman for Anadarko Petroleum Corporation.
In his free time, Lance enjoys spending time with his wife and two children, exploring the outdoors, hunting, and traveling.
Lance holds a Bachelor of Science in Economics from the University of Wyoming, where he was voted Best Senior in Economics by faculty and graduated magna cum laude. Lance is currently an Executive MBA Candidate at the Kellogg School of Management at Northwestern University.
Troy Dixon
Acquisitions Manager
Troy Dixon is the Acquisitions Manager at Alamo. Troy has successfully worked with 1,000's of mineral owners, reaching mutually beneficial outcomes for mineral owners across Colorado, North Dakota, Texas, and Wyoming.
In his free time, Troy enjoys spending time outside with his dog. He particular enjoys spending time on the water and in the mountains.
A Nebraska native, Troy holds a Bachelor of Science in Marketing from the University of Nebraska.
Where We Buy
Alamo purchases mineral interests, royalty interests, overriding royalty interests, and working interests throughout the United States. Currently, Alamo is heavily engaged in acquisitions in the DJ Basin, the Permian Basin (Midland Basin and Delaware Basin), and the Williston Basin. We encourage mineral owners to reach out to us even if they do not own in these basins. We regularly present offers in almost every basin across the United States.
Denver-Julesburg
Basin
Colorado - Wyoming
Permian
Basin
Texas - New Mexico
Powder River
Basin
Wyoming
Williston Basin
North Dakota
Colorado
-
Adams County
-
Arapahoe County
-
Larimer County
-
Weld County
Wyoming
-
Laramie County
Texas
-
Andrews County
-
Culberson County
-
Glasscock County
-
Howard County
-
Loving County
-
Martin County
-
Midland County
-
Reagan County
-
Reeves County
-
Upton County
-
Ward County
-
Winkler County
New Mexico
-
Eddy County
-
Lea County
Wyoming
-
Campbell County
-
Converse County
-
Johnson County
North Dakota
-
Dunn
-
McKenzie
-
Mountrail
-
Williams
1
Start a Conversation
Request an offer to discuss selling your interest.
2
Provide Current Documents
For us to evaluate your interest as quickly as possible, provide a copy of your oil and gas lease, your division order, and/or your most recent royalty check stubs or statements.
Process to Sell
3
Let us present you an offer
After our landmen, geologists, and engineers have evaluated your interest, we will present you an offer.
4
execute documents
Once you have accepted our offer, we will deliver a Purchase and Sale Agreement and a Mineral Deed to you. Once executed and returned to us, we will perform our pre-closing due diligence.
FAQ
Why do people sell their mineral rights?
- Decrease exposure to oil and gas price volatility
- Eliminate administrative headaches, book keeping, and paperwork
- Get cash now for a depleting asset
- Pay off debt
- Reinvest proceeds into a safer asset, potentially tax free if invested in another property via a 1031 exchange
- Settle estate disputes or resolve inheritance conflicts
- Take advantage of long term capital gains tax (15%), if you've owned the property for more than 1 year
Why does alamo purchase mineral rights?
- Alamo purchases mineral right as a long term investment. Because Alamo and its partners are not restricted by a natural life, Alamo can hold mineral rights for an unlimited amount of time without needing them to be developed.
How soon will I be paid if I sell?
- In typical transactions, we close deals within 30-60 days. This provides us the time to complete a title review and have our property attorneys complete a limited title memorandum, which we will provide to you and which verifies the interest you own. If needed, we can close more quickly, so please tell us if that is something you need.
How do I provide proof of ownership? How does Alamo verify proof of ownership?
-
To provide proof of ownership, we will ask for a copy of your oil and gas lease, a copy of a division order for the wells you are being paid for, and/or a copy of recent royalty check stubs or statement. If you do not have any of these, we may still be able to purchase your interest. In both scenarious, we will complete a title check in the courthouse in the county where your interest lies. Following, the results from the courthouse will be provided to our property attorney, who will write a limited title memorandum that will confirm you own your interest.
How do you evaluate my minerals?
- Alamo has a team of landmen, geologists, and engineers that will evaluate your minerals. Collectively, they will use best engineering practices to complete an in-depth assessment of your interest. Following their assessment, Alamo will extend a generous offer to purchase your interest.
Contact
Request Offer
* Don't worry if you don't have everything listed below. Just fill in what you can and we'll take it from there.
Address
134 East 29th Street
Loveland, Colorado 80538