Seller Registration Guidelines

To list properties for sale, you must first register as a seller, then complete property data sheets for each property you wish to sell. You must then submit a signed Seller's Agreement and additional data on your properties. The sale takes place in an online auction.

EnergyNet staff is available to help you complete any portion of the form or assemble your documentation prior to the sale. Please feel free to contact your business development representative at any time if you have questions.

Steps to Registration

The first step is to register as a Seller. After registration, you must input your property data. Use the following procedure to log in and begin entering data:

1. Log in as a Seller with your user ID and password. It may be helpful to check the Keep Me Logged In option if you plan on entering property data to prevent your session from timing out.
2. Click on the Create New Lot link on your Seller's Homepage.
3. Enter a summary description, reserve price, primary location, etc., then click the Create Lot button to create the new lot.
4. Add properties to the lot by selecting a property type from the drop-down menu and clicking the Add Property button.
5. Complete the property data sheet. Save your work periodically by clicking the button at the bottom of the form.
6. You may add additional properties to the lot you have created or add a new, separate lot by following the appropriate links on your Seller's Homepage.

Fees & Commissions

The Fees and Commissions are listed in the Sellers Agreement.

• Commissions are charged only if the property sells
• Listing Fees are charged for properties containing only Non-Producing Leasehold
• Listing Fees are charged if a property listing exceeds EnergyNet pricing guidelines, and EnergyNet and the Seller do not agree on the reserve price set by the Seller
• Listing Fees are deducted from Commissions (only a listing fee or commission is paid, not both)

Minimum Reserves

Sellers should contact their Business Development Representative regarding guidelines for reserve bids.

• The Business Development Representative will have current listing guidelines based on recent sales in order to assist in formulating a reserve price for your asset
• The Business Development Representative will also assist you in identifying any Value Degradation Factors that might impact the reserve price of your asset
• Examples of Value Degradation Factors are:

Documents to provide for the property listing

If you are selling an OPERATED WORKING INTEREST please provide the following

1. Signed EnergyNet Seller's Agreement (See SELLER'S AGREEMENT below)
2. Notarized and Executed Outgoing Assignment (Leave assignee section blank)
3. Property Data Sheet for Each Well (Log in to your seller account and add properties)
4. Lease Operating Statement for a minimum of six months. (One year or more is preferred)
5. Equipment Inventory List(s)
6. Gas Balancing Statement(s)
7. Change of Operator Form(s) (P-4)
8. Copies of check stubs (Most recent 6 months, minimum)
9. Release of lien or mortgage
10. Any additional documentation pertinent to the property (Well logs, Engineering Reports, Reserve reports, etc.)

If you are selling a NON-OPERATED WORKING INTEREST please provide the following

1. Signed EnergyNet Seller's Agreement (See SELLER'S AGREEMENT below)
2. Notarized and Executed Outgoing Assignment (Leave assignee section blank)
3. Property Data Sheet for each well (log in to your seller account and add properties)
4. Lease
5. Operating Statement for a minimum of six months. (One year or more is preferred)
6. Copies of check stubs (Most recent 6 months, minimum)
7. Release of lien or mortgage
8. Any additional documentation pertinent to the property (Well logs, Engineering Reports, Reserve reports, etc.)

If you are selling a ROYALTY OR OVERRIDING ROYALTY INTEREST OR NON-PRODUCING MINERALS, please provide the following

1. Signed EnergyNet Seller's Agreement (See SELLER'S AGREEMENT below)
2. Notarized and Executed Outgoing Assignment or Deed (Leave assignee section blank)
3. Property Data Sheet for each well (log in to your seller account and add properties)
4. Copies of check stubs (Most recent 6 months minimum)
5. Copies of division order
6. Copies of source documents (Assignment in to current owner of record)
7. Release of lien or mortgage
8. Any additional documentation pertinent to the property

Seller's Agreement

Read the Seller's Agreement for the Sale of Oil and Gas Properties, print it, complete the fields, sign, date, and have your signature witnessed on the agreement. Please remember to complete Exhibit A attached to the contract.

Send your completed Seller's Agreement, Exhibit A, and executed Assignments or Deeds to our main office at:

EnergyNet.com, Inc.
7201 I-40 West, Suite 319
Amarillo, Texas 79106

Please send all other supporting data to your business development representative.

If you have any questions on documentation, contact our support staff for assistance, Toll free: (877) 351-4488.

Ready to register?

If you're ready to register, click here to begin the Seller Registration process.