The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands

In this month's news episode, we break down the energy market fallout from the U.S.-Iran conflict and what it actually means for oil prices (and your royalty checks) for the forseeable future. As compared to the start of the conflict, recent infrastructure damage has fundamentally changed the price recovery timeline. We also review how global strategic petroleum reserves are being tapped as a stopgap measure, which specific facilities were hit and why it matters, and why U.S. natural gas prices have so far been shielded from the chaos overseas. On the home front, we also cover a brewing political battle in Colorado that could directly affect mineral and royalty owners in the state, and close with a look at the rig count and what to expect from drilling activity in the months ahead. As always, links to the articles discussed in this episode can be found in the show notes at mineralrightspodcast.com.

In mid-March 2026, the Trump administration announced the largest single-country release of emergency oil reserves in history — 172 million barrels — as part of a coordinated 400-million-barrel release by 32 nations in response to the closure of the Strait of Hormuz. In this episode, we dig into what the Strategic Petroleum Reserve actually is, how it was created, and what the historical record tells us about whether tapping it actually brings down oil prices. We also examine why the reserve is now headed toward levels not seen since the early 1980s, what the "exchange" structure of the current release means for replenishment, and why mineral owners shouldn't panic — but should pay attention. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Besides my Mineral Management Basics Online Course (and this Podcast), there are only a few options out there designed to help you take your mineral management to the next level. In this episode, we walk through the National Association of Royalty Owners (NARO) Mineral Management Program, which is the only professional certification specifically designed for mineral and royalty owners. It's one of the best-kept secrets in the mineral ownership world, and in this episode we lay out exactly how to use it as a step-by-step roadmap — from building a foundation all the way to earning the top designation in mineral management. Want to learn more? Check out the links to the Mineral Management Program in the show notes which as always can be found at mineralrightspodcast.com.

In this episode, we answer questions submitted by Greg, James, Greg, Sarah, George, Deborah, and Martha. From Drilled Un-Completed (DUC) wells that seem stalled to inheriting assets you don't fully understand, from IRS estate appraisals to updating an address on a deed, this episode highlights why the details always matter and why knowing the right next step can save you time, money, and stress. Whether you're dealing with one of these issues right now or just want to be prepared when you do, there's something in this episode for every mineral owner. As before, many of the questions in this episode are covered in more depth in my Mineral Management Basics online course, including how to read a legal description, perform a title search, identify nearby oil and gas activity, and determine whether you should be getting paid on a well. Thanks again to everyone who submitted a listener question! If you have a question about your minerals or royalties, you can send it to [email protected]!

In this month's news episode, we cover four stories shaping the world of energy and mineral rights right now. From rising oil prices driven by U.S.-Iran nuclear tensions, to the federal government's push to keep aging coal and gas plants running longer than planned, to a Texas family trying something completely new to sell their mineral rights through a sweepstakes — there's no shortage of developments with real implications for royalty owners. As always, we wrap up with the latest Baker Hughes rig count. Check out the articles and resources mentioned in this episode at mineralrightspodcast.com.

If you own mineral rights and want to get them leased, you may be wondering whether you need to go out and find a landman or if someone will eventually come knocking on your door. In this episode, we break down how the leasing process actually works from the mineral owner's perspective. The short answer is that in most cases, when an oil and gas company is ready to drill in your area, they will hire a landman to find you and negotiate a lease. Like the proverbial needle in a haystack, they will dig through county and online records to locate heirs to mineral tracts that they would like to develop so they can obtain an oil and gas lease. But there are some important steps you can take now to make sure you do not get overlooked—especially if you have moved away from where your minerals are located, your name has changed, or if the minerals are still in a deceased family member's name. Check out the show notes for the link to my free Affidavit of Address Change template that you can review with your attorney to make sure they can find you when it is time to lease.

If you've ever inherited minerals and received an unexpected document from an oil and gas company asking you to sign something called a "stipulation of interest and cross-conveyance," you're not alone — and you may not have known what it meant or what to do next. In this episode, we break down exactly what these documents are, why operators use them, when you're likely to encounter one, and what your options are if the ownership percentages don't look right to you. Whether you're a first-generation mineral owner or managing an inherited interest that's been passed down for decades, understanding these instruments could save you thousands of dollars in unnecessary legal fees and help you start receiving your royalty checks sooner. As always, links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

In this episode, we answer questions submitted by Judy, Mike, Douglas, Greg, Gregg, Celeste, and Mike. We break down tax strategies for inherited minerals, what to do when you discover missing royalty payments from years ago, including statute of limitations issues and how operator changes complicate recovery efforts. You'll hear a success story from a listener who found $375 in unclaimed royalties using my free guide that I send to all subscribers to my email list (fill out the form at the bottom of the page if you aren't already a subscriber!). We walk through the process for verifying whether a "make good" royalty payment is accurate using publicly available production data. We discuss the nuances involved with older leases that are held by production by vertical wells when new horizontal drilling is just around the corner. Finally, we wrap up with our take on how one mineral owner forecasts future income from 800 wells using decline curve analysis. Whether you're new to managing minerals or have been doing this for years, this episode provides practical, actionable guidance you can apply to your own situation. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this February 2026 news roundup, we analyze how Winter Storm Ferne disrupted nearly 2 million barrels per day of U.S. oil production and sent natural gas prices to all-time highs, with spot prices hitting over $30/mmBtu. We explore what these dramatic price spikes mean for your royalty checks and why this recovery looks different from the 2021 Texas grid crisis. We also examine the Trump administration's push to streamline oil and gas permitting on federal forest lands, Greenland's emerging role as a strategic mineral hub, and what flat rig counts signal about the industry's cautious approach to increasing production despite recent price volatility. As always, links to the articles discussed can be found in the show notes at mineralrightspodcast.com.