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

Learn about the history, geology, operators, and risks related to owning minerals and royalties in this prolific natural gas field. Plus, we talk about the exciting opportunity around Helium royalties in the Hugoton Gas Field located in western Kansas. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com Let us know if you have an area that you would like us to feature in a future episode; just send an email to [email protected].

Did you know that in 2021, coal accounted for 27% of the world's primary energy which is higher than two decades ago, and about the same level as 50 years ago? We dive into the importance of coal and why it will play an important role in the energy transition. As always, links to the resources mentioned in this show can be found in the show notes at mineralrightspodcast.com.

In this month's Mineral Rights Podcast news episode for December 2022, U.S. natgas futures rise on cooler weather, oil falls as China COVID policies fuel demand fears, new federal rules crack down on flaring and methane leaks, Chevron to resume Venezuelan crude shipments to the US, and we reveal the latest rig count! U.S. natgas futures rise on forecasts for cooler December weather Oil falls as China's COVID protests fuel demand fears - Oil & Gas 360 US rule would limit methane leaks from public lands drilling | AP News Chevron to Send First Venezuelan Crude Shipment to US by Late December As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Our guest is Jimmy Wright, Certified Professional Landman, Certified Mineral Manager, and President of the National Association of Royalty Owners (NARO) Foundation. In this discussion, we cover a lot of ground from a behind the scenes look at what landmen do, when a mineral manager or consultant can make a big difference, how the NARO Mineral Management Program can help you, and a lot of actionable advice on how to get the best oil and gas lease and how to properly manage your royalties. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Each state is different in the way that certain aspects of royalty payments are handled. One of the more unique situations exists in Oklahoma with the concept of Blanchard Royalty Interests. Blanchard Interests refer to the way that royalty owners were to be paid by the various Working Interest owners in a well when each working interest owner entered into a separate gas sale contract for their proportionate share of gas produced and sold. The term Blanchard interest stems from the landmark Oklahoma Supreme Court case from 1963 between Shell Oil Company and the Oklahoma Corporation commission, often referred to as the "Blanchard Decision." Be sure to listen to this one if you have interests in Oklahoma or if you want to understand some tips on how to make sure you are getting paid correctly in any state. As always, show notes with links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

On October 31st, Joe Biden made remarks about oil company record profits. He acknowledged that companies should earn a fair return for innovation and at the same time claimed that current oil company profits are a result of profiteering instead of innovating. In this episode, we react to this claim and provide examples of how oil industry profits are a direct result of innovation and this has resulted in lower energy prices here in the U.S. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Permian Natural Gas prices tank, Is Biden's oil strategy really strategic?, $65 billion mineral deposit in Michigan discovered, and the latest rig count! Texas Natural Gas Prices Sink Close To Zero | OilPrice.com 4 questions answered about Biden's oil strategy - E&E News Michigan sits on a mineral worth billions — but it's 8,000 feet underground - mlive.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 go behind the scenes within an oil and gas company and discuss how they decide where to drill the next well. In oil and gas lingo, for mature plays this process is called Development Planning. There is a lot that goes into determining where the operator will decide to drill next and we discuss some of these considerations and some helpful resources where you can possibly find out when an operator might drill a well that has been permitted on your land. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

If we are serious about the energy transition, then all forms of energy will be required including mining the raw materials necessary to manufacture the batteries necessary to store the energy from unreliable wind and solar plants. The U.S. has extensive lithium reserves as evidenced by the recent discovery of a world-class deposit in Maine but yet we produce less than 2% of the world's supply. In this episode we talk about how the U.S. could play a major role in increasing our energy security by mining critical minerals like lithium domestically. As always, links to the resources and articles mentioned can be found in the show notes at mineralrightspodcast.com.

My guest this week is Tim Pawul with the Mineral and Royalties Authority and host of the Minerals and Royalties Podcast. I'm excited to have Tim back on the show to give a minerals market update and to talk about how things have changed since the last time he was on in 2020. If you missed my first interview with Tim, be sure to listen to Episode 69 to hear more about his background. I'm really excited to have Tim back on the show to talk about the current minerals market! As always, links to the resources mentioned in the show can be found at mineralrightspodcast.com.

OPEC cuts production by 2 million barrels per day, will prices rise? Oil supply shock on the way due to OPEC and the US tapping the SPR? Colorado wells orphaned when gas gathering system shut off and Adams County won't let operator mine Bitcoin to keep wells pumping oil. OPEC will cut production by 2 million barrels a day, likely sending gas and oil prices back up An Oil Supply Shock May Be Imminent | OilPrice.com 250 Colorado wells orphaned when 1 gas gathering system shut off The crude marriage of oil drilling and bitcoin mining gets a wary eye from Adams County North America Rig Count As always, links to articles and references can be found in the show notes at mineralrightspodcast.com.

The principles of the Environmental, Social, and Governance movement would seem to be moving the world in the right direction. Who wouldn't want a cleaner environment, fair treatment of workers, and elimination of corporate bribery and corruption. Under the guise of advancing "responsible corporate citizenship", the ESG movement has instead turned into a means for forcing an underinvestment in fossil fuel energy and we are now paying the price for this. In this episode, Justin and I talk about the origin and history of the ESG movement and some of the unintended consequences of this seemingly "good" initiative. As always, links to the resources found in this episode can be found at mineralrightspodcast.com.

The energy transition is underway but how long will it take? We discuss this and the different outcomes forecast by BP and Shell in their most recent energy transformation scenarios. There is a wide range of potential outcomes but one thing is for certain, we will continue to rely on oil and gas - but for how long? As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

If you were to believe the headlines, it would be easy to think that we can easily transition away from fossil fuels over the next decade. Given the one-sided focus on climate change and how fossil fuels might be contributing to global warming, it stands to reason that this transition will eventually occur. That said, logic and physics will eventually win and we are now finally seeing this play out due to misplaced energy policy in Europe. In this episode, Justin and I talk about Peak Oil theory, China's dominance over the solar panel supply chain and what is being done to correct this, the resurgence in nuclear power, and how investment banks are finally realizing that natural gas can help bridge the gap to a low-carbon future. We wrap up with a discussion on why now, more than ever, we are bullish on the future of U.S. produced oil and gas in helping meet the world's energy needs. As always, links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

In this month's Mineral Rights Podcast news episode for September 2022, we discuss why Boulder County should lease their mineral rights, a former mineral rights investment fund manager is charged with fraud, Elon Musk says we need to use more oil and gas, and we talk about the current rig count! Boulder County to consider leasing mineral rights for drilling pad Former oil and gas mineral rights investment fund manager charged with fraud | Woodlands Online Elon Musk Says World Needs More Oil and Gas - WSJ 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].

In this episode, Ben MacFarlane with Blackbird BI and I discuss U.S. Oil and Gas Trends across the major shale basins and plays. Ben reveals the current activity levels and what future activity levels might look like across the U.S. and which counties are seeing the most activity. Be sure to download the free report that Ben and I discuss during this episode so you can follow along and learn about the outlook for your area. As always, show notes with links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

The Inflation Reduction Act recently passed the senate and is expected to pass the house vote on Friday August 12th so we wanted to break down how this bill is going to affect mineral and royalty owners. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

If you receive royalty income from oil & gas wells, you probably are familiar with the statement that accompanies your royalty check. This statement contains a lot of useful information that you can use to make sure you are getting paid correctly. From the volumes of oil, natural gas, and natural gas liquids that were sold in a given month to the price that was paid for these products to what post-production costs were deducted from your royalties, if any. These are critically important to keep track of as a royalty owner to ensure that you are getting paid what you deserve. Thankfully there are a few shortcuts and time-saving tips that you can take to streamline this process for you and your family or for your company. That starts with automating the process of keeping track of your royalty check payments and looking on a map to see where new permits or rigs are located relative to your interests. Better yet, how about an automated email notification if a new permit is filed nearby? Learn about this and more in this episode. As always, links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

We recorded this month's Mineral Rights Podcast news episode live at the National Association of Royalty Owners (NARO) state Convention in Denver, CO. We discuss how Exxon and Chevron's record profits stack up to other industries, Ovintiv sells Uinta Basin acreage, and New Mexico's oil and gas emissions rule becomes law, and the current rig count! Exxon and Chevron Report Record Profits on High Oil Prices - The New York Times Colorado oil producer Ovintiv sells assets in two U.S. basins, returns money to shareholders - Denver Business Journal New Mexico's nationally leading oil and gas emissions rule becomes law 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]

Dr. Bill Eustes is a professor emeritus with the Petroleum Engineering Department at the Colorado School of Mines and an instructor with the TOP Energy Training consortium. We talk about what goes into drilling a well, what the future holds with advancements in drilling technology, and how what we've learned in oil and gas drilling can be applied to things like geothermal energy and CO2 sequestration. Resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we answer listener questions that were submitted via email by John, Sarah, Helen, Jeffrey, Ervin, Danny, John, Chuck, and Michelle. If you have a question that you need help with, send it to [email protected]. Who knows, we might just answer it in a future episode! Resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Prior period adjustments are a relatively common occurrence in the oil and gas industry and typically result from changes in volumes of oil, natural gas, or NGL's that were actually sold vs. what you were paid for, or adjustments in the prices paid for these products, or in some cases changes to the division of interest in your wells. The first two are more common and the frequency of PPA's may vary greatly by operator, state, and basin or play. More information including resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this month's mineral rights news episode for July 2022, we talk about gasoline prices and refinery capacity and the outlook for the future, oil and gas activity in West Texas linked to increase in earthquakes, are Saudi Arabia and the UAE already pumping at maximum capacity?, and the rig count is up again this month! How a massive refinery shortage is contributing to high gas prices : NPR UAE, Saudi Arabia Pumping Oil Near Limits: Macron Oil and Gas Activity Linked to Most Recent Earthquakes in West Texas - UT News Baker Hughes Rig Count 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]

In this episode, we talk about the different strategies to consider when investing in mineral rights and royalty interests. Ultimately, the strategy that you employ will determine the types of properties that meet your investment criteria. From the type of interest, the geographic location, whether it already has producing wells or is undeveloped, to the product mix, all of these factors can contribute to the potential for generating near-term yield or whether it is a longer-term capital appreciation play. In case you missed it, we provide an overview of the different ways to invest and the specific step-by-step process for directly purchasing minerals and royalties in previous episodes so be sure to listen to these as well: MRP 26: Investing in Mineral Rights and Royalties MRP 126: Deep Dive on Investing in Mineral Rights, Royalties, and Working Interests MRP 128: Managing and Investing in Minerals and Royalties with Jarrett Kitch MRP 159: Guide to Buying Mineral Rights Links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Learn how to find the best mineral rights purchase opportunities, how to identify and contact the owners, how to hire the right advisors and common mistakes to avoid. Links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

What is geothermal energy? How does it work? Is it renewable? How can mineral owners benefit from geothermal energy development? Listen to the entire episode to hear answers to these questions and more. As always, resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

this episode we give an update on the current oil market and discuss why leading indicators like the inventory of Drilled but UnCompleted (DUC) wells is important in determining if the U.S. can grow production to meet demand (and in turn cause oil prices to fall). We also talk about the impact of the recent EU embargo on Russian crude oil and the June 2022 OPEC+ meeting and how these things will affect prices for the remainder of 2022. 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 June 2022: Mineral interest owners sue Gov. Justice over new forced oil and gas well unitization law | Energy and Environment | wvgazettemail.com Why Shale Drillers Are Pumping Out Dividends Instead of More Oil and Gas - WSJ Sorry, But for You, Oil Trades at $250 a Barrel - The Washington Post Baker Hughes Rig Count 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].

The current helium supply crunch is likely to get worse before it gets better but in the meantime we talk about how royalty owners can profit from Helium production and prices upwards of $600/mcf for this rare gas. Resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we discuss how different oil and gas companies work together, what agreements they use, how a company can be an operator in some wells and also a non-operated working interest partner in other wells that another company operates. Plus the strategies and tactics often involved with these types of acreage trades and agreements. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we provide an overview of the Eagle Ford Shale play in South Texas. Learn about the history, geology, operators, and risks related to owning minerals and royalties in this prolific oil and gas basin. Plus, we talk about some exciting developments where operators are also targeting additional formations like the Austin Chalk and Buda Limestone in certain areas. Links to the charts and 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 May 2022, we talk about how private ownership of mineral rights is America's secret weapon, Fort Collins, Colorado looks to buy all minerals under the city, PA lawmakers clarify pore space rights, why oil companies aren't growing production, and the Baker Hughes Rig Count. Mineral Rights In America: A Secret Weapon For Clean Energy Abundance? Fort Collins City Council mulls an unusual path for preventing oil and gas development Pa. landowners have dealt with coal, oil and gas rights. Now, there are pore rights. | Pittsburgh Post-Gazette Why US Oil Companies Aren't Riding to Europe's Rescue - The New York Times Baker Hughes Rig Count As always, 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].

Did you know that the oil and gas industry is not the only industry that uses underground injection wells. As mineral and royalty owners, it is helpful to understand the difference between a saltwater disposal well and a water injection well used for enhanced oil recovery. Plus, it is important to understand who benefits from underground injection wells used in the oil & gas industry. In this episode, we talk about the different types of injection wells and considerations from both a surface and mineral owner perspective. As always, show notes can be found at mineralrightspodcast.com.

In this episode, Justin and I interview Neil Ray with CAMRO. We discuss the new Colorado Oil and Gas Financial Assurance regulations that just went into effect. If you're not familiar with what financial assurance is, it is the process of operators putting up money to ensure that the state isn't left footing the bill for plugging and abandoning wells in case the company goes out of business. This is just one part of the overarching changes to the way that oil and gas is regulated in the state of Colorado. This topic is important because even if you don't have minerals in the state, other progressive states could adopt similar measures. These new financial assurance rules may make it difficult for small producers to meet the requirements which is important because according to the IPAA, there are about 9,000 independent oil and natural gas producers in the US. These are the small mom and pop operators that employ an average of just 12 people. These companies produce 83 percent of America's oil and 90 percent of America's natural gas. Resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

The U.S. House of Representatives recently held a hearing titled "Gouged at the Gas Station: Big Oil and America's Pain at the Pump" where they grilled six oil company CEO's about the recent increase in gasoline prices. While this hearing was mostly political grandstanding and lacked much substance, we break down the implications of what was said and what might be holding back companies from increasing oil production in 2022. As always, show notes can be found at mineralrightspodcast.com.

It's true, energy companies have been profitable lately...to the tune of an 8.3% profit in 2021. Yup, the only segment worse than energy was consumer staples with a profit margin of 6.6%. Yet here we are talking about windfall profits. In this episode we break down this proposal and how it is not only not a profits tax but will have the exact opposite effect on energy prices than what is intended. As always, links to the references and clips mentioned in this episode can be found at mineralrightspodcast.com.

In this month's Mineral Rights News Episode for April 2022, we discuss a landmark case in North Dakota that could decide how surface owners are compensated for the use of underground pore space, windfall profits tax measure introduced by Democrats, and the SEC takes aim at greenhouse gas emissions. 'Pore space' a growing issue for North Dakota's energy industry, landowners | State & Regional | bismarcktribune.com Senator Elizabeth Warren Targets Oil Companies With Plan to Tax Windfall Profits - Bloomberg US SEC proposes companies disclose range of climate risks, emissions data | Reuters As always, articles mentioned in this episode can be found at mineralrightspodcast.com. To send us an article you'd like us to cover: [email protected].

It's March and it is time to get things in order to file your taxes. In this episode we discuss how Mineral rights and royalties are taxed, deductions you can take to reduce the tax liability associated with your oil and gas royalties, and we'll also provide a refresher on a quick audit you can do on your royalty statements before you file your taxes. Checkout the free royalty audit worksheet and my tax resource guide which you can download for free. Links can be found in the show notes at mineralrightspodcast.com Thanks for listening and don't forget to leave a rating and review!

In this episode I interview Jim Crompton, oil and gas industry expert, professor at the Colorado School of Mines, and owner Reflections Data Consulting, LLC. He is also an instructor at Top Energy Training which helps educate regulators, inspectors, policymakers, and oil & gas industry professionals so that they can develop informed public policy and regulations around complex issues in the oil and gas industry, like orphan wells. We discuss all aspects of the orphan wells issue, from the size of the problem, advancements in technology that may help industry better prioritize the abandoned wells that require attention, what landowners should do if they find an abandoned well on their property, and incentive mechanisms that might help solve this problem. As always, links to the resources mentioned in this episode can be found at mineralrightspodcast.com

Orphan wells are oil and gas wells that are no longer producing or economically viable but have not gone through the plugging process and usually don't have an owner. They present potential safety and environmental concerns as well as an enormous cost to properly plug and abandon the hundreds of thousands of wells in the United States. In this episode, we discuss some possible solutions to this problem and what surface owners can do if you have an orphan well on your property. As always, show notes can be found at mineralrightspodcast.com

In this month's special Mineral Rights News Episode for March 2022, we discuss the impact of Russia's invasion of Ukraine on crude oil and natural gas prices and things we should be doing here in the U.S. to mitigate the effects. Links to the facts and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com. Feedback and questions can be sent to [email protected].

The U.S. becoming the largest LNG exporter in 2021 with a peak capacity of 10.8 Bcf/day, provides a new outlet for domestic natural gas production. This should provide support to natural gas prices in the U.S. and as a result will benefit royalty owners. In this episode, we discuss this and the recent letter from New England senators asking the DOE to limit LNG exports to prevent gas prices from rising further. Instead, we talk about how supply and demand will help naturally balance out prices and how LNG exports can be used to support our allies in Europe from Russian natural gas supply disruptions. As always, show notes can be found at mineralrightspodcast.com.

In this episode, I talk with Jacinda Brown, co-founder of CryptoKnight Energy about bitcoin mining using stranded or flared natural gas and how this presents an opportunity for mineral and royalty owners. We talk about some really interesting topics, including recent regulations that prevents the routine flaring of natural gas, the locations that are suitable for bitcoin mining, the types of agreements between bitcoin miners and oil and gas operators, the details around mining bitcoin at the well site, and how she sees this nascent industry developing. As always, show notes can be found at mineralrightspodcast.com.

In this episode, we cover a topic that may seem unrelated to mineral rights and royalties but in fact is very relevant for mineral and royalty owners. Learn about Bitcoin and how royalty owners can benefit from Bitcoin mining with stranded or wasted natural gas. For links to the helpful resources and videos that explain more about Bitcoin and this exciting development for mineral rights and royalty owners, check out the show notes at mineralrightspodcast.com.

In this month's Mineral Rights News Episode for February 2022, we discuss how mining the minerals required for the green energy revolution is putting a tribe in a tough spot, Colorado releases first annual report of State's Oil, Natural Gas Emissions (hint: they aren't the biggest emitters), and a new crowd-funding model for investing in oil and natural gas. As Miners Chase Clean-Energy Minerals, Tribes Fear a Repeat of the Past - The New York Times Colorado Makes First Assessment of State's Oil, Natural Gas Emissions - Natural Gas Intelligence Executive Q&A: The New Private Equity Route to Oil, Gas Ownership As always, articles mentioned in this episode can be found at mineralrightspodcast.com. To send us an article you'd like us to cover: [email protected].

You may be wondering how the current economic trends like high inflation might affect oil prices over the next couple of years. If we could look through the crystal ball to figure out what commodity prices will do it would certainly help us have a better understanding of the value of our producing royalties. We hear a lot about high inflation and oil prices in the news lately as the economic recovery seems to have gotten away from the Federal Reserve and their lagging monetary policy. One thing is clear, interest rates are going to rise but if you're like me you may be wondering how this is going to affect our mineral rights and royalties? And, more importantly, you may be wondering if there are ways to protect your hard earned savings against the damaging effects of inflation? To break this down, we took a look at a few of the economic measures and how commodities like crude oil were correlated to things like the relative strength of the US Dollar and inflation to see what these factors might due to future oil and gas prices. Plus, we talk about a technology innovation that may help our royalty checks and act as a long term store of value in the process. As always, show notes with links to the articles and resources mentioned in this episode can be found at mineralrightspodcast.com.

Seismic exploration is the process of using seismic energy to probe below the surface of the earth to search for oil and gas. The agreements that grant a company access to land in order to shoot seismic is called a seismic survey agreement. While seismic exploration was the primary method for finding oil and gas deposits in the past, it is still used in unconventional resource plays to identify and avoid faults and fractures which can cause issues during drilling or completions. Listen to learn more about what you need to know before signing a seismic exploration agreement. As always, you can find the show notes with additional resources at mineralrightspodcast.com. Questions or comments on this episode? Email us at [email protected].

In this month's Mineral Rights News Episode for January 2022, we discuss new oil and gas emissions regulations in Colorado, the Build Back Better Act hits a speed bump and what that means for royalty owners, and the onshore U.S. rig count is up but will we ever see all-time highs again? First-in-the-U.S. rules that give oil and gas industry leeway in slashing emissions OK'd in Colorado | With bill sidelined, what's next for oil and gas overhaul? | U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes 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]

In this episode, we shout out listeners who left a review on Apple Podcasts and we answer the questions that were submitted via email by Pat, Angela, Joe, Brian, Josh, and Al. 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 who knows we might just answer it on the air! As always, links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

In this episode we provide an overview of the Williston Basin and the Bakken/Three Forks Shale. Learn about the history, geology, operators, and risks related to owning minerals and royalties in this prolific oil basin. Plus, we talk about exciting developments in managing stranded natural gas and future alternative energy opportunities in this energy rich area of Saskatchewan, Montana, North Dakota, and South Dakota. As always, links to resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.