Berlin Royalties has no affiliation with Caldera Royalty. We compete with them. Everything below is drawn from their own website, their Better Business Bureau profile where one exists, and other public records, and each item is sourced so you can check it. We have not characterized their conduct, their pricing, or their integrity, and we do not intend to. Where sources disagree with each other, we say so rather than picking one. Our own entry is in the same directory, in the same format.

The basics

Business name	Caldera Royalty Company, LP. BBB confirms a limited partnership.
How they describe their business	Direct buyer
Headquarters	Dallas, Texas
Address	BBB lists a suite address in Dallas. The company's own site publishes a phone number but no street address.
Founded	Not stated on its site. BBB records a business start date of April 24, 2025 and describes it as one year in business. The site references decades of combined experience, which is a claim about personnel rather than about the entity.
Where they say they buy	Texas, Oklahoma, Louisiana, Montana, North Dakota, Colorado, and Utah, with per county landing pages.
Fees or commission	States there are no hidden fees or commissions.
Better Business Bureau	Not accredited. Rating A minus. BBB states the rating basis is the length of time the business has been operating. View the BBB profile.

In their own words

Describes itself as specializing in purchasing mineral rights in Texas and Oklahoma, providing immediate liquidity. Source.

No aggregate volume figures published.

What they publish, and what they do not

We check the same five things on every company in this directory, including ourselves, because they are the things an owner can actually use.

Named people with roles. No individuals are named.
A physical street address. Not on its own site.
How they arrive at a number. No published methodology or per acre ranges found.

Notes

The gap between decades of combined experience and a 2025 entity start date is not a contradiction. Experienced people commonly form new entities. It is worth asking which entity is signing your deed and what its track record is, which is a fair question to ask of anyone including us.

How to check Caldera Royalty, or any mineral buyer

This is the part that is actually useful, and it works on us too. Run it on every company that writes to you.

Look them up in the county records where your minerals are. This is the single best test and almost nobody does it. A buyer who holds what it buys records deeds in its own name in your county. Search the grantee index at the county clerk's office for the company name. If a company has been buying in your county for years, there will be a paper trail. If there is nothing, ask why. Our well records by state page links the public search systems.
Ask whether they are buying for their own account or reselling. A direct buyer keeps the interest. A broker or marketplace finds someone else to buy it and is paid out of the transaction. Neither is wrong, but they are different deals with different economics, and you should know which one you are in. Ask the question in writing.
Ask them to show the arithmetic. Which wells, what decline assumption, what remaining locations, what multiple, and why that multiple. A number with no reasoning behind it is not a valuation. Any buyer can produce this in a paragraph if they actually did the work.
Ask whether the offer letter number and the closing check number are the same. Get the answer in writing, and ask what happens if they find a title issue. This is where most of the real complaints in this industry come from.
Ask who pays the closing costs, and whether there is any cost to you at any point.
Ask them when you should not sell. A buyer with a real answer to that question is worth more of your time than one without.
Shop the offer. Get a second number. A buyer who discourages you from doing that is telling you something. We say this knowing it works against us as often as it works for us.

We put our own version of this list on ten questions to ask any mineral buyer, which we wrote against ourselves before we wrote it about anyone else.

Got an offer from Caldera Royalty? Let us look at it.

Send us the letter and a recent check stub. We will value the interest independently, show you the reasoning, and give you our own number. If theirs is better than ours, we will tell you that plainly and you should take it. If we think you should not sell at all, we will tell you that too. Free, no obligation, and we will not put you on a mailing list.

Get a Second Number Ask a Landman

Who we are, for comparison

Berlin Royalties is the trade name; title is taken as Berlin Resources LLC. We are in Tulsa, Oklahoma, we have been buying since 2014, and we are run by Stephen Clayman, a former Marine Corps officer and career landman. We buy for our own account and hold rather than flipping. We pay all closing costs. We publish how we value interests and when we think you should not sell. Our full entry is in the directory in the same format as everyone else's, and our deeds are in the county records under Berlin Resources, where you can check them.

Compiled August 2026 from publicly available sources, each linked above. Companies change addresses, accreditations, ownership, and business models, and public records lag. Verify anything that matters to your decision at the source before relying on it, and tell us if you find something here that is out of date so we can correct it. Berlin Royalties is a competitor of the companies in this directory. Nothing here is a recommendation for or against doing business with any of them, and nothing here is legal or financial advice.

Caldera Royalty