About
About
About Indio Minerals
Indio Minerals carries forward a legacy over a century in the making, led by Robert Wallace and Christopher Sheffey—two cousins and lifelong friends with deep roots in Texas and the oil industry. From the earliest days in the Texas oil fields, our family has prioritized integrity, honesty, and long-standing relationships, ensuring that mineral and royalty owners receive clear, transparent offers.
As a family-owned and operated business, we leverage our expertise in geology, engineering, reserve analysis, and property valuation to deliver more than just transactions—we offer clarity, confidence, and genuine commitment to your success. We aim to simplify the process, acting promptly and professionally while ensuring that you understand each step.
Whether you’re seeking a seamless sale, new income opportunities, or strategic tax advantages, Indio Minerals stands ready to meet your needs. We specialize in acquiring mineral interests nationwide, with a primary focus on Texas. When you work with Indio, you’re partnering with a family that has been in the industry for generations—driven by results and committed to your goals.
History
History
OUR HISTORY
Indio Minerals is rooted in a family legacy spanning more than a century of involvement in the American oil industry. Founded by Robert Wallace and Christopher Sheffey, Indio continues a tradition that began in the early 1900s when their ancestors first explored the Texas oil fields. Built on family values and a dedication to ethical business practices, Robert and Christopher honor their heritage through both a business partnership and a lifelong friendship.
The company was founded to offer a straightforward, transparent process for those looking to sell their mineral and royalty interests. Early on, Robert and Christopher recognized the complexities of the industry, from extensive paperwork to shifting valuations and uncertain market conditions. Inspired by their family’s ethos of integrity, they assembled a team of experts committed to providing clear, fair evaluations.
Today, Indio Minerals stands as a testament to generations of dedication, expertise, and the pursuit of excellence. Guided by the same principles that have defined the Wallace and Sheffey families for over a century, Indio remains committed to integrity, tradition, and passion for the oil and gas industry.
OUR MISSION
Indio Minerals is guided by a legacy of integrity that has shaped the Wallace and Sheffey families for generations. Our mission is to make the process of selling mineral and royalty interests straightforward, stress-free, and rooted in trust. We offer clear, honest evaluations, ensuring that your decisions are well-informed and free from pressure. As stewards of our family’s heritage, we are committed to transparency and fairness, serving each client with the same dedication that has characterized our work in the oil industry for over a century.
Team
Team
Robert M. Wallace – Co-Founder
Robert M. Wallace co-founded Indio Minerals LLC in 2020 with his cousin and best friend, Christopher Sheffey. Based in Dallas, Texas, Indio Minerals focuses on acquiring small mineral and royalty interests, primarily across Texas. Robert’s involvement in the oil and gas industry is part of a legacy built over generations of the Wallace family, known for their commitment to excellence, integrity, and transparency.
As a proud third-generation Aggie on both sides of his family, Robert graduated from Texas A&M University in 2006 with a degree in Economics and a minor in Russian language. Before Indio, he founded and led Valor Energy LLC, where he managed drilling and completion of wells in Texas, New Mexico, and Arkansas. His expertise also extends to acquiring and divesting over 100,000 net lease acres in diverse oil and gas plays, along with more than 50,000 acres of ranch land in Texas, Colorado, and Wyoming.
Robert is driven by his faith and family. An active member of the Lutheran church, he finds inspiration for his business philosophy in trust, honesty, and dedication. He is a devoted husband, father to a spirited 3-year-old daughter, and an avid outdoorsman. At Indio, Robert strives to foster genuine relationships, ensuring that each transaction is a reflection of the company’s long-standing principles of fairness and mutual respect.
Christopher Sheffey – Co-Founder
Christopher Sheffey co-founded Indio Minerals LLC alongside his cousin and lifelong friend, Robert Wallace, in 2020. Raised in Dallas, Texas, Christopher’s connection to his community and the oil and gas industry runs deep. His work at Indio reflects his dedication to family values, ethical business practices, and transparent dealings.
Christopher graduated from Texas Christian University in 2012 with a degree in Business Administration and a minor in Energy & Technology Management. He began his career as an Independent Landman, gaining hands-on experience in title research, lease acquisitions, and due diligence across Texas, Wyoming, Oklahoma, New Mexico, and Colorado. This experience prepared him to adeptly navigate the intricacies of mineral acquisitions at Indio.
Family is central to Christopher’s life. He is married and the proud father of a 6-month-old daughter, who fuels his vision for a bright future. As a member of the Episcopal Church, Christopher’s faith anchors his personal and professional ethics. He enjoys international travel and cycling, pursuits that shape his adventurous spirit. At Indio, Christopher emphasizes personalized interactions, aiming for fairness and transparency in every transaction.
Luke Petty – Landman
Luke Petty has built a distinguished career at Indio Minerals LLC as a Landman, where he combines expertise in financial analysis and investor relations with a commitment to clear communication. Joining the Indio team, Luke’s goal is to establish meaningful connections with mineral owners, facilitating fair and honest acquisitions.
Luke is a proud graduate of the University of Arkansas, where he earned a Bachelor’s degree in Finance with an emphasis in Real Estate. Early in his career, he worked in real estate and private equity, achieving top producer status for two consecutive years. These experiences sharpened his skills in negotiation, investment analysis, and market dynamics, all of which he brings to his role at Indio.
Faith and family are guiding forces in Luke’s life. He resides in Dallas, Texas, with his wife Sofia and their dog Sage, living by a family motto: “Help us as a family to do what is right, love kindness, walk humbly with Jesus, listen intently, follow instructions, and never quit.” Luke’s values shape his work at Indio, where he aims to create lasting, trust-based partnerships through every transaction.
Contact
Contact
Contact Us or Request An Offer
Process
Process
Contact Us
We’ll start by discussing your property and gathering the necessary information to begin the evaluation process.
Evaluation & Offer
Our team will carefully review your mineral or royalty interests and present you with a fair, transparent offer.
REVIEW
If you accept our offer, we’ll conduct a title review and manage the required paperwork to ensure a smooth transaction.
PAYMENT
Once ownership is confirmed and all documents are complete, you’ll receive a fully funded check to finalize the sale.
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions
How does Indio evaluate mineral and royalty interests?
We assess interests based on current and projected oil and gas prices, operator performance, well formation and location, title and production history, and potential risks. Our diversified portfolio allows us to assume greater risks than individual investors, enabling us to offer competitive prices for your interests.
What types of interests does Indio purchase?
We buy both producing and non-producing minerals, royalties, and overriding royalty interests nationwide, regardless of size.
Can I sell just a portion of my interests?
Yes, you can sell any portion of your interests, allowing you to receive immediate cash while retaining potential revenue from the remaining interests.
Are there any fees associated with selling my interests?
No. We cover all transaction-related costs, including legal, title, and administrative expenses, ensuring you receive the full amount offered.
How long does the selling process take?
At Indio Minerals, most transactions are completed within 3 to 5 days. Our use of internal funds and a dedicated team ensures efficient handling of documents, evaluations, and payments.
Do you rely on outside funding for transactions?
No, we use internal funds for all acquisitions, which allows us to act swiftly and professionally, regardless of the transaction size.
Why should I consider selling my mineral or royalty interests?
Selling your mineral or royalty interests can provide several benefits. Market values can fluctuate, so converting your interests to cash can help you take advantage of favorable prices or avoid potential declines. For some, managing the paperwork is burdensome, while others prefer a lump-sum payment for significant expenses, such as mortgages, student loans, or new investments.
There are also potential tax benefits. If held for over a year, the proceeds may be taxed as long-term capital gains, often at a lower rate than ordinary income. Additionally, if the interests were inherited, the cost basis is typically “stepped up” to the market value at the time of inheritance, potentially reducing taxable gains.
Is selling mineral or royalty interests right for me?
This decision depends on your financial goals, risk tolerance, and personal circumstances. If you seek liquidity, wish to minimize future market risk, or want to simplify estate planning, selling might be beneficial. We are here to help you understand your options and make an informed decision.
Can I sell inherited mineral rights?
Yes, selling inherited mineral rights can be advantageous due to the “stepped-up” cost basis, potentially reducing taxable gains. We’ll help you navigate any specific requirements associated with inherited properties.
Can I request an offer later if I choose not to sell now?
Absolutely. You can request an offer at any time with no obligation. However, each new offer requires a fresh evaluation, so the price may vary.
How does Indio protect my privacy during the sale process?
We maintain strict confidentiality throughout the sale process. Your information is used solely for valuation and transaction purposes, with robust security measures in place to protect your data.
Can future oil and gas prices be predicted?
Oil and gas prices, like other financial markets, are unpredictable and subject to rapid changes.