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

In this episode we talk about how to find oil & gas info using the Utah Department of Natural Resources Division of Oil, Gas and Mining (UDOGM) website. As before, we walk step-by-step how to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced in a given month, and more. This assumes you already know your legal description and the type of oil & gas interests you own. Be sure to check out the accompanying YouTube video to see what we are talking about. If you would like to learn more about the topics covered in this episode as well as the different types of mineral and leasehold interests, from how to read a legal description, how to perform a title search, and how to identify nearby oil and gas activity, be sure to check out my Mineral Management Basics Online Course. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

We discuss how Biden's pausing of new LNG permits could hurt gas prices, how lithium prices have fallen, controversy around new New Mexico oil and gas rules, Colorado regulators propose rules that consider the "cumulative impact" of oil and gas operations, plus the latest rig count! Biden stalls natural gas exports that activists call 'climate bombs' - The Washington Post Why Lithium Prices Crashed by 80% Controversial proposed oil and gas bill passes first committee | Local News | santafenewmexican.com Colorado oil and gas regulators mull rule to address 'cumulative impacts' on climate, air quality Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode we show you how to find oil & gas data using the New Mexico OCD website (with a tip on how to view horizontal wells in a free tool that is available). As before, we walk step-by-step how to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced in a given month, and more. This assumes you already know your legal description and the type of oil & gas interests you own. If you don't know the legal description of your oil & gas interests, check out my online course, Mineral Management Basics where I teach you about the different types of land ownership rights and the differences between the types of interests that make up the mineral and leasehold estates, the important documents for mineral and royalty owners and how to organize them, how to perform a title search, and more. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we show you how to navigate the Colorado Energy and Carbon Management Commission website (formerly the Colorado Oil & Gas Conservation Commission) to locate your mineral or royalty interests to see if you should be getting paid on a well. We also show you how to access the official oil & gas production data reported to the state to use in checking your royalty statements. Be sure to check out the accompanying YouTube video to see how we are able to locate this important information and as always the show notes can be found at mineralrightspodcast.com.

We talk about the New York Stock Exchange's proposal to list Natural Asset Companies (NAC's) and what it could mean for mineral owners, the forecast for additional oil company mergers in 2024, ExxonMobil's big plans for lithium exploration in Arkansas, plus the latest rig count! SEC delays decision on natural asset companies | Livestock | capitalpress.com Mergers and acquisitions in top EY's list of 2024 trends in energy Arkansas Advocate : ExxonMobil to begin lithium extraction in Arkansas as officials hope for the start of a boom | Business | magnoliareporter.com Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

Did you know that an overriding royalty interest (ORRI) or Non-Operated Working Interest can be terminated to wipe the slate clean so the operator can re-lease the same acreage without these burdens on the new lease? This situation is called a lease washout and we talk about what you should do to protect your interests as well as how it can impact mineral owners. As always, additional resources can be found in the show notes at mineralrightspodcast.com.

In this episode, we show you how to navigate the Oklahoma Corporation Commission website to locate your mineral or royalty interests to see if you should be getting paid on a well. We also show you how to access the official oil & gas production data reported to the state to use in checking your royalty statements. Be sure to check out the accompanying YouTube video to see how we are able to locate this important information and as always the show notes can be found at mineralrightspodcast.com.

In this episode we walk you step-by-step how to use the Texas Railroad Commission Website to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced and sold in a given month, and more. Be sure to check out the accompanying YouTube video to see this in action. As always, show notes with the links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

OPEC's latest round of production cuts faced skepticism, CO courts side with Civitas in legal battle with Boulder County, and the social media cage match between OPEC and the IEA, plus the latest rig count! Opec+ production cuts leave oil market sceptical Colorado high court sides with oil company in mineral right lease battle with Boulder County OPEC : Whose 'moment of truth'? Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode we talk about what you should do if your operator is late paying you royalties including statutes around timing for royalty payments in Texas, Oklahoma, New Mexico, and Colorado and when you should be paid interest. Check out the free form letter I've created for you to contact your operator about late or missing royalty payments. As always, resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we delve into crucial year-end tax strategies that may be available to mineral and royalty owners so that you can keep more of your hard-earned income. From deferring income to strategically optimize tax liabilities, offsetting or deferring the tax liability when you sell, establishing a step-up in cost basis with inherited minerals and royalties, avoiding backup withholding, to accelerating your royalty income, we explore several strategies that all mineral and royalty owners should be aware of. As always, the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com. And our attorneys would cringe if we forgot to mention that the information in this episode is being shared for informational purposes only and should not be construed as tax, legal, or financial advice.

My guest this week is Jared Machen, a certified financial planner and the chief operating officer of Brownlee Wealth Management. Brownlee is a fee-only firm dedicated to helping oil & gas professionals lower their taxes, simplify their investments, and grow their wealth. Jared is also the co-host of the Financial Planning for Oil & Gas Professionals Podcast. I'm really excited for this episode because Jared and I had a great conversation about how to think about financial planning as a whole but also with a focus on how your minerals and royalties fit into the picture. Be sure to have a pen and paper handy because this one is full of useful tips. Be sure to check out the resources mentiond in this episode in the show notes at mineralrightspodcast.com

Why U.S. oil companies are investing heavily in more oil and gas, the outlook for oil prices with recent geopolitical turmoil, and new Colorado bonding requirements put into action. And the Rig Count! Why Exxon and Chevron are doubling down on fossil fuel energy with big acquisitions World Bank: Major Escalation In Israel-Hamas War Could Send Oil Soaring To $157 | OilPrice.com Oil, gas regulators boost KP Kauffman's proposed $10M well cleanup bond to $133M Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

Next week is the official launch of Mineral Management Basics, my first online course, and I'm excited to share what I have been working on! If you are one of my email subscribers you may already know that I had a small group of students go through a bootcamp in early 2023 to provide feedback on the course content. Well, I'm happy to say that I finally finished the pre-recorded version of the course and it is now available for purchase! In this episode, I wanted to share a sneak-peek at some of the content that is included in the first module of the course which covers the different types of oil and gas interests and how they relate to each other. If you are interested in understanding what you and your family own, this is the place to start. Whether you are an existing mineral owner looking to understand what you own or an if you are an aspiring mineral investor, this course has something for you. In Mineral Management Basics, you'll learn everything you need to know about the basics of mineral management. With high-quality videos (that aren't too long) and examples along the way, you'll learn about the important documents and how to organize them, how to locate your mineral and royalty interests on a map, perform your own title search, and discover the oil & gas potential of your property. Plus, I've included a bonus lesson on how to locate missing royalties that might be owed to you or your family.

In this episode we discuss a few "common" scams targeting mineral and royalty owners. From, exhorbitant finder's fees to help you find and claim missing royalties, the "royalty lease" scam that gets you to sell your future royalties for pennies on the dollar, to fraudlent deeds, we cover what you should know to protect yourself and your family from those seeking to prey on unsuspecting mineral and royalty owners. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com. At the end of the day, the best way to protect yourself from these types of issues is to arm yourself with knowledge. My new online course, Mineral Management Basics, teaches you step-by-step the process of finding out exactly what you own and where it is located. With high-quality videos (that aren't too long) and examples along the way, you'll be able to locate your mineral and royalty interests on a map, perform your own title search, and identify nearby oil and gas activity. Learn more here and signup today!

In this episode we answer questions submitted by David, Al, Emily, Erik, David, Mike, and Park. From the resources available to help educate new mineral owners, how to claim missing royalties without paying exorbitant finder's fees, what happens when you lease to a company that is not the operator, and more! As always, you can find links to the resources mentioned in this episode at mineralrightspodcast.com. If you have a question you'd like us to answer, send an email to [email protected].

Are oil prices due for a short-term correction? We debunk the New York Times hit piece on the oil & gas industry's use of water and compare it to the golf industry - you may be surprised at what we found, and a large portion of federal lands on the Western Slope in Colorado would be off limits to future oil & gas drilling under new BLM proposal, and we talk about the rig count! Oil Traders Overstretch Futures Market | OilPrice.com 'Monster Fracks' Are Getting Far Bigger. And Far Thirstier Vast swath of Colorado public lands would be off limits to oil and gas leasing under federal plan Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode, we answer questions submitted by Karl, Kimberly, Cara, and Danielle related to leasing for a stratigraphic test well, how to establish the cost basis for mineral rights that are sold, saltwater disposal wells, best practices for selling non-producing mineral rights, and more! If you have a question you would like us to answer, send an email to: [email protected]. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

Did you know that there is a special type of deed that can be used to: avoid probate, maintain control of the property during your lifetime, not affect Medicaid eligibility, potentially avoid federal gift taxes, maintain your homestead protection, all while still allowing your beneficiaries to still claim a step-up in cost basis for capital gains taxes purposes? Sound too good to be true? Be sure to listen to this episode to find out more and to learn about potential limitations of this special Enhanced Life Estate Deed and whether it might be right for you. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this month's mineral rights news episode, we talk about a family feud over Laredo area land and mineral rights, court order issued regarding disputes over the recovery of overpayments to royalty owners, the push to electrify everything highlights issues with domestic graphite supply, and we dive into the latest land rig count. Squabbling siblings strike deal on Laredo-area ranches, oil and gas rights said to be worth $70M New Guidance: Federal Court Order Impacts Case Law on Royalties Graphite Wars: The Trillion Dollar Battery Race Has A Big Problem | OilPrice.com Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode, we dive into what you need to know from a mineral owner perspective to make sure you make the most of the situation should you be faced with owning an interest in a well that is at the end of its life. Whether it presents the opportunity to negotiate an oil and gas lease or whether you'd prefer that the well continues to pay small royalties, if you are proactive you can leverage your knowledge of the regulations in your state to make the most of the situation. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

https://mineralrightspodcast.com/mrp-212-listener-qa-leasing-unclaimed-royalties-investing-depletion-deduction-and-more/In this episode, we answer questions from Kelly, Alex, Jim, Anna, Joan, Erica, and others! From how to negotiate an oil and gas lease, how to hire the right kind of attorney, how to estimate and audit your royalty checks, different ways to invest in minerals, cost vs. percent depletion deduction, finding unclaimed royalties, and more! If you have a question you would like answered, email [email protected].

https://mineralrightspodcast.com/mrp-211-mineral-rights-news-august-2023/In this month's Mineral Rights Podcast news episode for August 2023, we talk about property tax issues in West Virginia, the pickup in oil & gas mergers, the latest OPEC+ meeting intel, and the latest land rig count: W.Va. tax, mineral appraisals flawed | News, Sports, Jobs - Weirton Daily Times Oil And Gas Merger Action Surges After A Dormant First Quarter OPEC+ Not Expected To Alter Oil Production Policy Amid Price Rally | OilPrice.com North America Rotary Rig Count (Jan 2000 - Current) As always, you can go to mineralrightspodcast.com to find the links to these articles and other resources mentioned in this episode. To send us an article you would like us to cover in a future episode, please email [email protected].

We're going to dive into a topic that may be unfamiliar to many mineral and royalty owners: top leasing. In this episode we explore the pros and cons of top leasing, potential pitfalls that can lead to legal trouble, and two important lease clauses that can help you if you are faced with this situation. If you find yourself in a competitive oil and gas market, this episode is a must-listen. As always, links to resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we answer questions submitted by Mike, Tom, Dave, Don, Ivette, and Larry. Thanks again to everyone who left a review or who submitted a question. If you have a question about your minerals or royalties, you can send it to [email protected] and we will answer it in a future episode! As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we discuss an email from Barb who shared a news story about the discovery of the highest confirmed grade lithium brine in Cass County, Texas and the implications for mineral owners there. We dive into the ownership of valuable minerals found in produced water and the potential impact on mineral owners and royalties to help you navigate this developing landscape with confidence. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we talk about the hidden costs of the IEA's net zero plans, oil prices drop on news that central banks are not done raising rates, Eddy County sees record oil tax revenue, US shale producers hold activity flat according to the latest Dallas Fed survey, and we dive into the latest rig count. The Hidden Costs Of The IEA's Net Zero Vision | OilPrice.com Oil prices edge lower on interest rate hike worries - Oil & Gas 360 Eddy County oil and gas tax collections could exceed 100M in 2023 US shale oil and gas producers pull back after commodity price drop | Financial Times As always, links to these articles and the other resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we highlight an innovative and growing trend in the energy industry: the use of stranded natural gas for onsite power generation in data centers for bitcoin mining and AI computing. The demand for computing power is on the rise, and companies are turning to stranded natural gas as a low-cost option for power generation. In the discussion, we provide tips for mineral and royalty owners to ensure fair compensation for the use onsite use of natural gas. As always, resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

There are tradeoffs to be made between all forms of energy. But high energy density and low cost are reasons why fossil fuels are likely to be used for decades to come. That is, until we come up with a better solution that meets the requirements fulfilled by fossil fuels in terms of high energy density, high reliability, and low cost. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Biden administration decides that Nevada lithium mine construction can proceed, Federal lease sale finally resumes in New Mexico and Kansas, will OPEC+ make further production cuts? And the Rig Count! Biden administration clarifies 1872 Mining Law; says huge Nevada lithium mine can proceed | AP News Oil and gas land sale nets $79M. New Mexico environmental groups fear climate impacts Goldman And Others Sees Rising Odds Of Another OPEC+ Output Cut Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode, we talk about how to navigate inheritance issues with mineral rights and royalties. Whether you're an heir that finds yourself in possession of these valuable interests, or someone who wants to ensure a smooth transition for future generations, inheriting mineral rights and royalties can be a complex and challenging process. We provide valuable insights into these challenges and the considerations involved in inheriting mineral rights and royalties. In addition to discussing the importance of understanding what you own and how to manage it we cover strategies for transferring ownership and avoiding inheritance disputes. Download my free Inheritance Resource Guide for the complete list of my favorite resources to help you on your journey!

In this episode, we delve into the common mistakes made by mineral and royalty owners over the life of owning these types of assets. From not knowing what you own to common legal, financial, tax and other mistakes, we highlight ways to avoid these mistakes and the types of advisors that can help you avoid these and other pitfalls in the future. As always, links to the resources mentiond in this episode can be found in the show notes at mineralrightspodcast.com

In this episode, the Colorado legislature defeats bill which would have changed forced pooling laws, why Texas and Louisiana are leading the way with carbon capture, new program to handle disputes for North Dakota royalty owners, and the latest Rig Count! Colorado Senate committee rejects changes to 'forced pooling' of mineral rights | Courthouse News Service Why Texas, Louisiana Are Poised To Win The Carbon Capture Sweepstakes State-contracted middleman to handle disputes between royalty owners, oil companies in North Dakota As always, you can go to mineralrightspodcast.com to find the links to these articles and other resources mentioned in this episode. To send us an article you would like us to cover in a future episode, please email [email protected]

It's crazy to think that this is our 200th episode! Thanks to you, the listener, for your support. To celebrate, we recorded a slightly different listener Q&A episode where we answered some of your questions related to investing in minerals and royalties. As always, links to the resources mentioned in the show can be found at mineralrightspodcast.com. If you want 1-on-1 coaching on your mineral investing journey, feel free to reach out to Matt at [email protected]

In this episode, we provide a summary of the oil and gas activity and historical significance of the Barnett Shale Formation in Texas. The Barnett Shale is one of the most productive shale gas plays in the United States and has played a significant role in the growth of the U.S. energy sector. We cover the geology of the Barnett Shale, the top oil and gas operators, political and economic risks to future development, and what the future may hold for this legacy tight gas play. As always, the charts, graphs, and resources mentioned in this episode can be found at mineralrightspodcast.com.

In this episode we discuss subordination agreements as they relate to mineral rights and royalties. We talk about what you need to know, some of the situations where you might be asked to sign a subordination agreement, and how this type of agreement can have a significant impact on the value of your mineral interests. The resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

We discuss the recently proposed legislation in Texas which seeks to address ownership and pooling of pore space for CO2 sequestration and how it could negatively affect mineral owners. Check out the show notes at mineralrightspodcast.com for links to important resources where you can make sure your voice is heard.

In this month's mineral rights news episode, we talk about Texas bills that set state against federal energy regulations, OPEC+ makes surprise production cuts, House Passes Energy Agenda, the recent Dallas Fed Survey of oil and gas executives, and the latest Rig Count! Texas bills would set state against federal oil and gas regulation, renewables | The Hill OPEC+ may spur U.S. crude oil exports, tick production higher | Reuters House Passes GOP Energy Agenda Boosting Oil and Gas Production - WSJ Dallas Fed Energy Survey - Dallasfed.org As always, you can go to mineralrightspodcast.com to find the links to these articles and other resources mentioned in this episode. To send us an article you would like us to cover in a future episode, please email [email protected].

Will the HR 1 "Lower Energy Costs Act" actually lower energy costs and could it benefit mineral and royalty owners? Justin and I break down the latest thinking on this proposed legislation and the potential impacts on our minerals and royalties. As always, show notes with links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

There are several factors that can have a large effect on value of minerals, including commodity prices, when wells are drilled, and lease terms. Of all of these, the one factor that is in our control is the lease royalty rate. In this episode we talk about tips for maximizing value of your minerals and a quick rule of thumb you can use to determine value in certain cases. As always, links to resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

We get through the last batch of listener questions asked towards the end of 2022. We covered a wide range of topics from leasing tips, how to find unclaimed royalties and other interests you might not know about, how to get notified when there are new wells permitted nearby (and how to tell if you might have an interest in these wells), how to get started investing in minerals the right way (and what to do if you get an unsolicited offer to invest in drilling a well), and more. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we discuss the recently approved resolution allowing the Uinta Basin Railroad to secure up to $2 billion in private activity bonds, BP's CEO warns of issues if we rush the energy transition, and New Mexico looks to follow Colorado with oil & gas regulation overhaul. And as always, we talk about the latest rig count and where we are seeing the biggest changes. If you come across any interesting articles that you would like us to cover in an upcoming episode, please send it to [email protected]. As always, the links to the articles mentioned in the show can be found in the show notes at mineralrightspodcast.com.

You probably have gone through a lot of effort to understand and get a handle on your mineral interests. In this episode, we talk about how to make it easier for your heirs and what to do if they aren't interested in managing your interests. From how to educate the next generation, hiring a mineral manager to do it for them, to selling your interests, there are a lot of options to consider. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we talk about what the midstream sector in the oil & gas industry does and how it affects royalty owners. From marketing and managing royalty payments for some operators to separating out the high value NGL's from your gas stream, the midstream oil & gas sector has a big impact on most royalty owners. As always, links to resources mentioned in the show can be found in the show notes at mineralrightspodcast.com.

In this month's news episode for February 2023, we discuss the bearish outlook for natural gas in 2023, how California's new "emergency" oil & gas setback regulations hurt mineral owners, what happened in the latest OPEC+ meeting, and what to make of the drop in rig count. As always, links to the articles and resources mentioned in this episode can be found at mineralrightspodcast.com.

https://mineralrightspodcast.com/mrp-188-why-does-the-u-s-import-heavy-oil/In this episode we discuss what type of oil is considered heavy crude, where it is found, and some of the reasons why it is still imported to the U.S. after the shale revolution. As always, links to the articles we mention in the episode can be found in the show notes at mineralrightspodcast.com.

My guest this week is Jared Boehs. Jared is the CEO of HyQ Technologies, an Oklahoma-based company focused on recycling oilfield produced water into distilled water and other valuable by-products for beneficial reuse. Jared is also a certified mineral manager and helps property owners with operator negotiations. In this conversation, Jared shares the amazing opportunities around water that is produced as a by-product of oil and gas activity. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we answer more of the questions that were submitted in 2022. We hope you enjoy! As always, the links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this month's Mineral Rights Podcast news episode for January 2023, Ohio mineral owners win big on property rights, Oil and Gas prices slide on weakening demand and warmer weather, BP increases investment in onshore U.S. oil & gas development, and the latest rig count! Ohio Landowners Win Big on Property Rights Oil Prices Slide Amid Signs of Weaker Domestic, Global Demand in 2023 Natural-Gas Prices Plunge as Unseasonably Warm Weather Is Forecast - WSJ Oil Tanks Further on Depressing U.S. Manufacturing Data BP To Significantly Boost Investment In U.S. Oil As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode, Justin and I answer listener questions submitted during the first half of 2022. If you submitted a question earlier this year, we will be sure to answer it on air or via email soon so thanks for your patience! As always, show notes with more info can be found at mineralrightspodcast.com. Thanks and have a Happy New Year!