Here’s how it works
Houston-based SuiteRadio works closely with an oil and natural gas broker to acquire a suitable interest in a producing oil and/or natural gas field that will pay your winner an on-going production royalty or overriding royalty. These fields may include wells that produce from a few barrels a day, up to those that produce hundreds of barrels per day. We know that the goal here is to grab headlines and attention with the unusual nature of this prize, so we keep the royalty percentage in the producing field modest, but interesting, making it affordable to you and attractive for the winner for years to come.
What if a radio station fixed you up with a real, honest-to-goodness, producing Oil well?
Sounds too good to be true, but it isn’t. Your winner receives a deeded royalty or overriding royalty in a producing oil and/or gas field generating a monthly income. This type of interest does not require that the interest holder ever pay a fee or expense for well maintenance, up-keep or any other operating expenses. This property is strictly a net income producing property. The winner receives quarterly income checks, not invoices or bills to operate wells. Royalty or Overriding Royalty income is a specified percentage of the production value paid directly to the Royalty Holder by the well operator for the viable life and/or lease of the well(s).
It’s all done for you
Relax…we take care of everything. SuiteRadio provides a turnkey service to ensure that you come out looking like a hero. Once we have processed your order and payment, SuiteRadio will reserve your well Royalty or Overriding Royalty property to be transferred into the name of your winner upon your instructions. SuiteRadio will overnight (FedEx) to you a copy of the executed Deed transferring title to your winner. We will file the original copy of the Deed with the County Clerk’s Office in the jurisdiction where the well is located. This is the conveyance process giving legal ownership. We will also forward a copy of the recorded Deed to the property's owner/operator/representative advising them where to begin sending the monthly royalty or overriding royalty checks. The owner/operator/representative processes oil and gas royalty or overriding royalty checks each month.
Example Contest Announcement
“Just imagine – money in your mailbox every month from an oil well you didn’t know you had! Keep listening to win a piece of the pipeline! For every barrel of oil your well squeezes out, you get a royalty check. Texas Crude, light and sweet, just the way you like it. You’ll be like Jed Clampett…only better looking! So don’t be the chump at the pump. Keep listening to learn how to win The Great Texas Oil Gusher!”
Cost and availability
The Great Texas Oil Gusher is being offered to broadcasters on a market-exclusive basis by SuiteRadio of Houston Texas (naturally.) The cost is scaled to market size and royalty value of the well.
Market Rank
1-75
76+
Cost of Royalty Interest Buy Out.
35,000
29,000