Energy Domain FAQ's

Notice Last Updated: [July 23, 2020]

What is Energy Domain?

Energy Domain is an online marketplace to buy, sell, and lease mineral, royalty, and non-operated working interests.

What can I buy or sell on Energy Domain?

Oil and Gas Minerals, Royalties, and Non-Operated Working Interests

What are your fees?

There is no fee to list. We only collect a commission upon a successful sale and the fees are equally split between the buyer and seller. Our fee schedule can be found below:

Energy Domain Fees
Transaction Amount Transaction Fee
$0-50,000 10%
$50,001-$250,000 9%
$250,001-$750,000 7%
$750,001-$2MM 5%
$2MM+ 3%

Buyers can also sign up for premium access for $49.95/month giving them access to deals one week in advance of everyone else.

Sellers may pay $2,500/month for their listing to be shown as a featured listing on our website.

There are extenuating circumstances where we incur an unreasonable cost to create a listing, in which case we will pass that cost on to the seller. This is always communicated beforehand.

Who can I contact about creating a listing?

You can contact an Energy Domain representative by clicking HERE .

What qualifications do I need to have to register?

If you are only interested in selling assets, you will need to answer certain suitability questions upon registration, but will not be required to be an accredited investor. Buyers or those interested in both buying and selling will be required to answer suitability questions and self-certify as an accredited investor.

What are the different ways I can list my properties?

You can elect to choose an Auction format or a Non-Auction format. An Auction format normally lasts two weeks and allows multiple buyers to bid on your listing. You will, however, have the option of accepting offers on the side during an auction. A Non-Auction listing allows the seller to field offers and does not have an auction component. Both listing types allow the seller to add a Buy Now price.

How does an Auction work on Energy Domain?

Buyers are asked to put in their Max Bid, which is the absolute maximum price they are willing to pay for the property. The bid modal automatically proxy bids for the buyer to prevent the buyer from overpaying for the asset. Auctions typically last anywhere from 1-2 weeks, but it is up to the seller to decide the length of time the auction is live.

How does a Non-Auction work on Energy Domain?

Also referred to as a “Continuous Listing”, a Non-Auction allows the seller to field offers and message buyers back and forth to negotiate a price. There is no limit to the length of time a seller can keep a Non-Auction on the platform.

Does it cost me anything to list?

No, there are no listing fees absent unusual high charges to process revenue data

How do you map my properties?

We auto-map the seller’s properties and wells using ESRI after the information is added to a listing.

Can I upload shapefiles to my listing?

If you have a shapefile for the properties you would like to sell, we give you the ability to upload to the listing yourself and bypass the auto-mapping capabilities.

How does the closing process work?

Closing steps are outlined below
i. Buyer wins a listing
ii. Buyer is asked to pay the full commission as a form of earnest payment into Escrow via Escrow.com (buyer and seller portion of the commission)
iii. Buyer has 30 days to conduct their due diligence on a listing
iv. Buyer can report defects or elect to proceed to the settlement statement
v. Buyer and Seller E-sign the settlement statement which outlines the final terms of the deal (sale price and commission paid to Energy Domain)
vi. Seller scans in a signed and notarized copy of the final document to present to the Buyer
vii. Buyer then pays the final net proceeds (total sales price minus one half of the total commission) into Escrow via Escrow.com
viii. Seller is instructed to mail the original document to the Buyer
ix. Buyer confirms receipt of the document and the funds are released to Energy Domain and the Seller
x. Seller confirms receipt of funds
xi. Both Buyer and Seller are presented with closing documents

Does Energy Domain file the conveyance or lease of record?

It is up to the buyer to record documents, however Energy Domain will provide instructions upon the closing of each transaction.

How long does it take to list a property?

It could be less than 24 hours depending on how accurate and complete the information is. Our team is constantly monitoring the listings as they are submitted.

How am I notified of deals that match my criteria?

Upon registration, you will be asked to Save a Search and choose your areas of interest. If any deals go live that meet your criteria, you will be notified automatically. You can also create new saved searches using the filters on the listings page.

How can I evaluate a deal on Energy Domain?

The View Listing page offers in depth technical information (check stub data, volumes, legal descriptions, wells, leases, etc) as well as an interactive map that overlays the properties for sale and up-to-date well, permit, and production data imported daily from the states’ oil and gas commission or regulatory authority. This information allows the buyer to conduct almost all of their due diligence (outside of title work) directly on the platform.

How safe are my funds when I purchase a property?

All transactions are handled by a third party escrow agent (Escrow.com). Escrow.com is the market leader in online transactions requiring an escrow agent. Their website may be found at www.escrow.com.

What happens if my auction listing does not meet the reserve requirements?

The listing will not sell. We strongly encourage every Seller to put a realistic reserve price on an Auction listing.

What happens if my non-auction listing does not sell?

As the seller you can keep the listing on the platform for as long as you would like.

How can I perform title due diligence on a listing I’ve won?

Vesting deed and other instruments related to the seller’s interests will be provided to the winning buyer via the view listing page. If the winning buyer would like help connecting with a title professional to perform title due diligence, we can help with that as well.

What type of warranty is provided on a listing that I have won?

Each Seller uploads their own Deed Template that they will be using for the transaction. The warranty will depend from Seller to Seller.

Can I purchase or create a listing anonymously?

Sellers may choose to act anonymously or publicly.

What happens if there is a title defect on the listing?

As the Buyer, you can report a title defect directly on the Closing Dashboard. The Buyer will then have the option to Accept the adjusted/defected price, Cure title within 60 days, or Reject the defects.

How long is the due diligence period?

Normally 30 days but can be extended if mutually agreed upon by the Buyer and Seller.

I’m having trouble creating my listing

Please reach out to a representative by clicking HERE and we will be in touch ASAP to help you.

I cannot find my deed, revenue data, check stubs, or lease to create a listing

Please contact us HERE and we will walk you through how to locate.

I own property but not sure exactly what my interest is, how do I find out?

We can help you with that. Please contact us HERE and we will walk you through your options.