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

We are quickly approaching our 100th episode. To celebrate, I'm giving away a free mineral rights valuation! The giveaway runs from March 24th, 2021 until April 9th, 2021 at 11:45pm MDT so be sure to enter before it closes! Click here to enter now and make sure you are subscribed to my email list to find out if you were the lucky winner. CO2 sequestration or carbon capture and sequestration (CCS) is the process of capturing CO2 from the atmosphere or before it reaches the atmosphere and injecting it underground or capturing it using biological methods. Enhanced Oil Recovery is the process of injecting fluids like CO2 into the reservoir to increase production. In this episode we talk about the intersection between carbon capture and EOR and the benefits to mineral owners.

We are closing in on our 100th episode! To celebrate, I'm running a giveaway where you can win a free mineral rights valuation from yours truly. The giveaway ends on April 9, 2021 at 11:45pm MDT so go to mineralrightspodcast.com/episode100 to enter! Sometimes oil and gas wells or leases are sold to another company and if you have a royalty interest in the wells, you end up getting royalty checks from the new operator once the sale goes through. This is a time in royalty ownership where you need to be on top of your game to make sure the transition goes smoothly so you get paid what you deserve.

Have you ever wondered if you are getting paid the correct amount? Have you tried to make sense of your royalty check but weren't sure where to start? If you said yes to either of these questions, then you are in luck! In this episode we go through the steps involved with auditing your royalty statements and a quick and easy end-of-year check that all royalty owners should do. To help you calculate if you are getting paid correctly, I've created this free Royalty Audit Worksheet. Keep track of your wells, perform a quick end of year royalty audit against your 1099's, or do a full audit, all using this helpful tool! We are quickly closing in on our 100th episode. To celebrate, I'll be giving away a free mineral rights appraisal by yours truly to one of our lucky email subscribers. Click the link above to subscribe today to get the latest information you need to manage your minerals & royalties. As always, you can find the show notes with links to articles we mention in the show at mineralrightspodcast.com. Questions or comments on this episode? Email us at [email protected].

Did you know that for some lands in Texas that were sold between 1895, the state owns the minerals under those lands but the surface owner has the right to lease these lands and in return, they receive ½ of the bonus, royalty and other consideration paid by the lessee in lieu of surface damages? In this episode, we dust off our Texas History books and talk about how this came to be and a little known resource that all Texas mineral owners can use to find out what others have leased their minerals for in your area. As always, go to mineralrightspodcast.com to find the links to the resources mentioned in this episode. Question or comment? Send us an email at [email protected]

In this month's Mineral Rights Podcast news episode for March 2021 we cover a test of the Accommodation Doctrine in Texas as mineral owner sues a solar company, cash prices soar amid natural gas shortage, and are we about to enter a multi-year commodity super cycle for oil and natural gas? Mineral Owner vs. Solar Company: New Texas Case Addresses Key Issue | Cash Prices Soar Amid Natural Gas Shortage, Energy Crisis | The 'roaring 20s' will spark a multi-year commodity supercycle as economic growth rebounds 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 part two of our renewable energy series, we talk about leasing your surface rights for solar power development (aka a solar farm). From the terms to think about, going lease rates for solar developments, what would be installed on your property, and the actual carbon footprint of solar vs. natural gas power plants, we break it all down for you. Even if you don't own large amounts of surface rights to lease for a solar development, this episode has something for you. As mineral owners, it is important to be aware of how surface uses like a solar farm could impair the ability to use the surface to drill an oil and gas well. When certain provisions need to be made in order to balance the often competing priorities of surface vs. mineral rights, the Accommodation Doctrine comes into play. In fact, we discuss a recent court case in Texas that highlights this potential conflict. As always, you can find the show notes with links to articles we mention in the show at mineralrightspodcast.com. Questions or comments on this episode? Email us at [email protected].

In this episode, we discuss some of the considerations if you are approached to lease your land for a wind farm and some of the pros and cons associated with wind energy. Little did we know how soon after recording this episode we'd be faced with an energy crisis and rolling blackouts in Texas due to record low temps and widespread snow and ice storms freezing all types of energy production in the state. From preventable problems with natural gas power plants to half of the Texas' renewable power offline due to frozen wind turbines and snow covered solar panels, this highlights the need to be measured in our approach to a low carbon energy future. Our thoughts go out to those in Texas currently faced with the current energy crisis. Once we all thaw out, this episode has a lot to think about as it relates to wind energy and how we make a smart transition to a low carbon future. Enjoy and we'd love your thoughts - email [email protected]

In this episode, we interview the founders of an amazing platform that is pioneering the way we manage our minerals and royalties. Justin and I had the opportunity to talk with Eliott Gilson and Jarrett Parker, co-founders of Royalty Advocate. These guys are super smart and in fact they are real life rocket scientists that are applying technology to modernize the way we answer the two main questions around mineral ownership: Am I getting paid on all the assets I should be getting paid on? AND Are those payments accurate? And they make it so user friendly that anyone can use their system and they offer this power at a price that is affordable for ALL royalty owners. Be sure to listen until the end to learn how Mineral Rights Podcast listeners can start using Royalty Advocate's Advanced Plan today for FREE (a $49 value). As always, show notes can be found at mineralrightspodcast.com.

In this month's Mineral Rights Podcast news episode for February 2021 we cover Akron Ohio leases city lands, Ohio supreme court rules on dormant minerals, and Biden pauses oil and gas leases and targets fossil fuel "subsidies": Akron wants to sell mineral rights for the fracking of 475 acres of water shed land | Court must consider two state laws on oil and gas rights | In Sweeping Actions on Climate, Biden to 'Pause' Oil and Gas Leasing 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 provide an overview of key facts about the Haynesville Shale natural gas play in Louisiana, Texas, and Arkansas. Learn what four companies have EACH produced more than 1 trillion cubic feet of gas since 2012 and where rigs are currently drilling. Also, this major oil and gas company is excited about the prospects for this important natural gas play and for good reason (you might be surprised who it is). Show notes with the graphs and tables discussed in this episode can be found at mineralrightspodcast.com.

Did you know that the Bureau of Land Management (BLM) administers over 245 million surface acres and over 700 million acres of federal minerals in the United States? The interesting thing is that private mineral rights can be pooled with federal or state mineral rights when spacing units are formed. Learn how you can find out if this might apply to you and when you might have to notify the BLM of any assignment or transfer of interests. As always, show notes at mineralrightspodcast.com where you'll find links to resources mentioned in the show.

Water is becoming an ever more important commodity, especially in the Western United States. In this episode, we dive in to the world of water rights (sorry, I couldn't resist ;). From the different systems that govern water rights across the country, to whether or not they can be bought or sold, to the similarities and differences between water rights and mineral rights. As always, show notes can be found at mineralrightspodcast.com where you'll find the resources mentioned in this episode.

In this month's Mineral Rights Podcast news episode for January 2021, we talk about aggressive energy policies from Washington, drilling falls to new lows, and North Face gets blasted for refusing jacket order for oil and gas service company. U.S. shale should be worried about 'very aggressive' policies coming from Washington, energy secretary says | Colorado Oil And Gas Drilling Falls To Historic Lows As The Pandemic Crashes Demand | North Face accused of 'virtue-signaling' for refusing oil-and-gas firm's jacket order 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]

Wondering what you missed on the Mineral Rights podcast in 2020? Here are Matt and Justin's picks for the most impactful podcast episodes of 2020. Despite the challenges we faced in 2020, we've had some amazing guests and covered some high-impact topics this year and so we are going to share a few clips from some of our favorite and most useful episodes of this year. This may be a great reminder for those of you who have listened to them and they may be a teaser for those of you who want to go back and listen to the entire episodes that we're going to talk about. If you listen to any episodes from 2020, these are a great place to start. This shortlist of 5 episodes has something for everyone. They cover everything form how large mineral buyers approach mineral rights acquisitions, strategies for leasing or selling your minerals, how to get access to free oil and gas well information, to how oil and gas prices work. Show notes and more at MineralRightsPodcast.com.

What do Groucho Marx and James Dean have in common? Also, did you know that Bing Crosby (yes the same White Christmas Bing Crosby) owned mineral rights in Grady County, Oklahoma? Today's guest, attorney Richard Winblad, tells us these fun and interesting stories and more. You may recognize Richard's name from the Mineral Rights Forum as he is a frequent contributor there and has helped many mineral owners make sense of what they might own. Richard explains what marketable title is, the ins and outs of probate, estate planning, and when an affidavit of heirship might be useful for clearing up title to your minerals.

The value of your mineral rights to you is what is most important. We may have a connection with our mineral rights since they have been handed down within our families for generations. That said, there are several factors that can impact the value of your mineral rights and royalties. In this episode, we break down the top 6 biggest factors that impact the value of your oil and gas mineral rights and royalties. As always, you can find the show notes and additional resources mentioned in this episode at mineralrightspodcast.com

Water management is big business in unconventional oil & gas fields. Today we talk about produced water and things to consider if you are approached to sell or lease your land for a saltwater disposal well (aka SWD well). This episode is for informational purposes only and should not be construed as investment or legal advice. Show notes can be found at mineralrightspodcast.com where you will find links to the resources mentioned in this episode like my favorite book on negotiating, Never Split the Difference by Chris Voss.

In this month's mineral rights news episode for December 2020: Court: 118-year-old document gives Anadarko mineral rights to Lincoln County land Dueling Dinosaurs Find Scientific Community, Despite Near Fossilization Of Legal Case Sen. Heinrich wants to protect the Pecos watershed from future mining Colorado Has A Brand New Set Of Oil And Gas Rules With A Focus On Regulating The Industry As always, you can go to mineralrightspodcast.com to find the links to these articles and other information referred to in this episode. To send us an article you would like us to cover in a future episode, please email [email protected]

This week is part two of our 2020 listener questions series where we answer questions submitted by Jonna, Kevin, Marla, and Sean. If you haven't listen to part one yet, be sure to go back and listen to Episode 80 as well. 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. This feedback really helps keep us going and helps make sure that we are putting out content that is tailored to your needs. So if this has been helpful, please take a moment and leave us an honest rating & review on Apple Podcasts if that is where you are listening to this.

In this episode, we shout out listeners who left a review on Apple Podcasts and we answer the questions that were submitted by Butch, Gregg, Frank, and Ken via email. In fact, we had so many questions in the backlog that we had to split this into two episodes. Stay tuned for Part Two next week! Thanks again to everyone who left a review or who submitted a question. If you have a question, you can send it to [email protected] and who knows we might just answer it on the air. This feedback really helps keep us going and helps make sure that we are putting out content that is tailored to your needs. So if this has been helpful, please take a moment and leave us an honest rating & review on Apple Podcasts. Thanks!

In this month's Mineral Rights Podcast news episode for November 2020, we talk a novel technology that addresses renewable energy storage issues, peak oil demand after COVID, the latest mergers of U.S. shale producers, and why the recent Texas Railroad Commission election was so important An $11 trillion global hydrogen energy boom is coming. Here's what could trigger it | Rystad Revises Peak Oil Demand Forecast | U.S. shale mergers reshuffle the oil production landscape | Republican Candidate Jim Wright Poised To Be Texas' Next Oil And Gas Regulator 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]

Selling your mineral rights? Here's what you need to know about how to sell your minerals or royalties to get the highest price possible from a sale or lease and the three primary ways this can be done. This is a deep dive into the 4th tip that we covered in Episode 70 about what to know if you are thinking about selling your minerals or royalties. Specifically we touched on the different ways you can go about selling your property, from hiring a broker, to listing it on an auction website, to contacting buyers yourself. If you are thinking about selling your mineral rights or royalties, get our free cheat sheet with all the details to help you sell your property for top dollar like a pro. These tips can also be used if you are interested in leasing your mineral rights so this doesn't just apply to mineral owners wanting to cash out of their property.

In this episode, we do a deeper dive on the issue of a fracking ban on federal lands that Joe Biden has talked about implementing if he gets elected president in 2020. To help you understand what this might mean for the value of your mineral rights and for the future royalties that you might receive, we look at what it would mean for the oil & gas industry, the states that would be impacted the most, and the takeaway for mineral and royalty owners. You might be surprised at what we have to say. As always, you can go to mineralrightspodcast.com to find the links to the resources mentioned in this episode. Let us know what you think about this important topic - email [email protected]

When you read about the coming transition to renewable energy, critical minerals may not be the first thing that comes to mind. That said, these minerals are critical (pun intended) for the "renewable" energy infrastructure being touted by some politicians. From solar panels and wind turbines to electric vehicles and the large quantities of batteries that make these technologies usable, minerals like lithium and cobalt are required. In fact, the World Bank predicts a 500% increase in the production of these critical minerals by 2050 to meet growing demand. Growing the food required to feed the growing global population uses a lot of fertilizer, and potash is a naturally occurring ingredient in fertilizer. Like oil & gas, for a company to be able to mine for potash or other critical minerals on privately owned land, they must obtain a lease from the mineral owner beforehand. In this episode we talk about what Potash is, where it is located, things to think about before signing a mining lease to mine potash or other critical minerals.

In this episode, we provide an overview of key facts about the SCOOP, STACK, and MERGE Play in the Anadarko Basin in Oklahoma. This is the fifth episode in our series about the major producing oil and gas basins and plays in the US. Please let us know if you have any requests on a particular area that you would like us to cover. We covered the Permian Basin, DJ Basin, Uinta Basin, and Powder River Basin in previous episodes. The Maps, Charts, and Data that we mention can be found in the show notes for this episode.

In this month's Mineral Rights Podcast news episode for October 2020, we talk about the first presidential debate and the candidate's energy policies and the trouble that is brewing in Colorado around increased setbacks from oil & gas facilities: Bigger setbacks, other regs get preliminary COGCC approval | Colorado Cattlemen's Association criticizes COGCC's setback plans | Joe Biden Wants to Make Almost Every Policy a Climate Change Policy 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 2020 presidential election is looking to have a big impact on energy policy in the United States. When it comes to energy and the environment and being able to understand both the positive and negative effects, it is important to look at the data in an objective manner. And this is exactly where this week's guest comes in. Alex Epstein is a philosopher who argues that "human flourishing" should be the guiding principle of industrial and environmental progress. He founded the Center for Industrial Progress in 2011 to offer a positive, pro-human alternative to the Green movement. Alex is the author of The Moral Case for Fossil Fuels, a New York Times bestseller who argues that if we look at the big picture, human flourishing requires that we use MORE fossil fuels not less. The book has been widely praised as the most persuasive argument ever made for our continuing use of fossil fuels. Most recently, Alex created the website EnergyTalkingPoints.com to provide true, powerful, and succinct talking points on this year's most important energy, environmental, and climate issues.

Post-production costs are important for royalty owners to understand because they can result in a significant deduction from your oil or natural gas royalty check. In this episode, we talk about what they are, what you need to know, about post-production costs, an extreme example and why a cost-free oil and gas lease is so valuable, and steps you can take if you are charged post-production costs on your oil or gas royalties.

In this month's Mineral Rights Podcast news episode for September 2020: Family's win in mineral rights dispute may lead to similar lawsuits against North Dakota | Three men accused of mineral rights, royalties diversion scam | Investment Firm Pays Occidental $1.33 Billion For Wyoming Lands, Mineral Rights 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]

Have you been thinking about selling your mineral rights or royalties but are not sure where to start? If so, then you are in luck because that is exactly what today's episode is about. You can find the show notes at mineralrightspodcast.com/episode70 There you will find the link to download my free cheat sheet with the important details behind the 5 key steps in selling mineral rights. This cheat sheet has the key things you need to know in order to sell your property for top dollar like a pro.

I'm extremely excited to welcome Tim Pawul with the Oil & Gas Council and the host of the Minerals & Royalties Podcast to our show. His podcast features interviews with some of the leading CEOs & Investors in the minerals & royalties space with the ultimate purpose to educate investors on the space, thus equipping them with the knowledge base needed to become public investors, private investors, and end-buyers. We've talked previously on the show about how mineral buyers underwrite deals and what their thoughts are on the market. Tim is very tied in to the minerals & royalties market through his interactions with leaders of mineral companies both big and small. This conversation was really interesting as Tim gives an overview of the conversations he's having with these senior leaders and what they are thinking about the minerals market following the oil war and in a post-COVID world. We talk about how buyers have changed the way the underwrite deals given all the uncertainties in the market, to the types of deals that are still closing and where Tim sees the biggest opportunities right now.

In this month's Mineral Rights Podcast news episode for August 2020: ND Supreme Court rejects challenge to law that would return mineral rights the state had claimed under Lake Sakakawea | BP built its business on oil and gas. Now climate change is taking it apart | Mineral rights owner Fortis Minerals withdraws estimated $400 million IPO 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]

This week we talk about estate planning and mineral rights with attorney Ben Kinney with the Kinney Law Office. There are so many useful tips that we talk about during this episode that I'm sure this will end up as one of our most popular episodes yet. If this episode is helpful, all that I ask is to leave a rating and review on Apple Podcasts or wherever you are listening to this. This is the best way to help us out. Thanks in advance for your help in getting the word out about the show so that others can benefit from this information as well!

Justin and I talk about when mineral rights are considered dormant, why this can be an issue, and what states have enacted statutes to address this. Given the decrease in activity across the US due to low commodity prices, it is likely that more acreage will fall into this category. Listen now to find out what you need to do to protect your interests and where you can go to find out more information.

I'm really excited about this week's episode because we have two really interesting guests lined up for you. Kyle Chambers and Joey Falbo with Texas Quality Assurance LLC join Justin and I to teach us about quality management and why everyone needs to know what it is. In fact, Kyle and his wife Darci host a podcast called the #QualityMatters Podcast where they talk all about quality management and ways to make your life easier at work and at home. This was a really interesting conversation as we dive deep into how quality management is really important when drilling a well. Joey tells a few stories from his experience working in the field around things like inspecting drilling equipment and why this is so critical in making sure a wells is drilled safely and on-time. This is important to us as mineral owners because if the operator has an equipment failure that causes them to have to plug the well and it may never get repaired and completed. If the well never produces oil and gas, we don't get paid royalties. Resources: I had the pleasure of being a guest on the #QualityMatters Podcast in Episode 70 where we talk about the importance of Continuous Improvement during the downturn in the oil & gas industry and some of my experience with continuous improvement at Shell. Click the link above to give it a listen or listen on your favorite podcast player.

In this episode we provide a summary of the Appalachian Basin located in New York, Pennsylvania, Eastern Ohio, and West Virginia. Learn about the geology, history, the major operators who are drilling in the Marcellus and Utica Shales, and what the future may hold for this area if you have minerals or royalties here or are looking to invest in the basin.

In this month's Mineral Rights Podcast news episode for July 2020: Colorado land board won't bid on Occidental's massive land, mineral rights sale | Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet | Fracking trailblazer Chesapeake Energy becomes the biggest oil and gas bankruptcy of the pandemic 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 give an update of a few of the notable companies that have filed bankruptcy in 2020 and where we will likely end up when it is all said and done. We also do a deep dive on the recent Extraction Oil and Gas bankruptcy, and give our prediction on three additional companies that we think will also file bankruptcy in 2020. Finally, we wrap it all up with a discussion about one company just announced a creative way that they are paying down debt to avoid bankruptcy while keeping the majority of their core assets intact. Check out the show notes for links to these stories and the Haynes and Boone, LLP Oil Patch Bankruptcy Monitor we discuss.

In this month's Mineral Rights Podcast news episode for June 2020: Oil, gas companies not alone: Mineral rights owners facing squeeze from industry downturn | Tribe responds to Interior Department's river mineral rights opinion | Wind Energy Investment To Overtake Oil & Gas In 2022 In Europe 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]

This week Justin Williams and I speak with Liana Jones, an attorney with Lear & Lear, PLLC, to help us understand the ins and outs of title opinions. We discuss everything you need to know about title opinions including, the role of the title attorney, why operators need title opinions, the types of title opinions that are relevant to oil and gas, why royalty interests are put in suspense by an operator and why this is not necessarily a bad thing, and we also talk about some issues that can come up with title opinions and what you need to know as a mineral interest or royalty owner. Ms. Jones' background is in natural resource law and transactional practice, with an emphasis on oil and gas title. Her primary interest pertains to public lands and complex title issues. In her spare time she enjoys outdoor recreational activities to include backpacking, cycling, skiing, and snowboarding. Her practice includes natural resources and public lands law with emphasis on mineral law, oil and gas law and litigation; complex title examinations; administrative hearings and appeals; public land law; and timber and logging law.

One way to make the most of our minerals and royalties is to make sure that we are making the right decisions to minimize tax liability. I'm not talking about skipping out on your taxes but by making sure that you are taking the right deductions and credits or by leveraging an alternate date when valuing your property for estate tax purposes. And that is what we are going to talk about today - using the alternate valuation date when it comes to estate taxes. To cover this sometimes overlooked concept, I brought back Rob Prentice with Turrett LLC. As you may remember, Rob appeared on Episode 32 of the Mineral Rights Podcast to talk about IRS mineral valuations for the purposes of setting a step-up in cost basis.

You may have read news articles recently about companies like Whiting Petroleum filing for bankruptcy. Unfortunately with oil prices in the $20 - $30/bbl range, many other companies may follow suit. In this episode, we talk about what an operator bankruptcy means for mineral and royalty owners as well as some actionable steps you can take to protect your interests. Click here to download a free resource guide with links to helpful articles and a checklist you can use. The information contained in this episode is being shared for informational purposes only and should not be construed as legal advice. You should not act or refrain from acting on the basis of any content included in this guide without seeking legal advice from counsel in the relevant jurisdiction.

Today Justin and I talk about reasons that operators may shut-in producing wells. From low oil prices to preventing issues like frac interference (we explain what this is and why this is a concern), this is topic that affects all royalty owners at some time. We also talk about some of the things to know about the shut-in royalty clause in most oil and gas leases. We recorded this episode in December 2019 before the crash in crude oil prices. That said, these concepts are relevant regardless of the reason for shutting in production. In fact, this topic may be even more relevant today with the current price environment of $20-30/bbl for WTI crude oil, given many operators have shut-in production that is not economic to produce at these prices. Also, in case you missed it, we also covered shut-in royalty payments in our recent conversation with Spencer Cox who is an attorney with Burns Charest, LLP. You can find that discussion in Episode 53 of the Mineral Rights Podcast. In that episode, we talk about negative royalties and also dive a bit deeper into some of the legal considerations around shut-in royalty payments in the current price environment. Be sure to subscribe on iTunes and while you are there, please leave a review (or subscribe and review wherever you normally listen to the show). It only takes a minute and it really helps us out in gaining exposure so that other mineral and royalty owners can benefit from this information too.

In this month's Mineral Rights Podcast news episode for May 2020 we feature some thought provoking articles: Owners see decline in offers for mineral rights | Pandemic crisis offers glimpse into oil industry's future | Texas Railroad Commission Will Consider An Oil Production Cut That Is Too Late To Matter 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]

Saving money in these tough times is more important than ever, especially if you can do so on the software you need to manage your minerals and royalties while still getting the features you need. This is where WellDatabase comes in, and if cost is an issue, how does FREE sound?! That's right, I said FREE! WellDatabase is disrupting the oil and gas data and analytics space by offering public well data for free for the first time ever. They also provide the option for you to pay as you go and only upgrade to a paid plan to get the additional features when you need them and then drop back down to the free plan when you don't. Click here to watch the free YouTube video that shows you step-by-step how to forecast production in WellDatabase and then use the forecast to estimate future royalty payments as mentioned on the show. This can be a handy way to help you audit your royalty checks each year to make sure you are getting paid what you expect. You only have to sign up for one month of the WellDatabase Essential plan to enable the decline curve analysis features that allow you to do this. Click here to learn more about the free "lite" plan that they recently introduced as well as the essential plan that I mentioned. If you do decide to sign up, just put in "Mineral Rights Podcast" in the Where did you hear about WellDatabase section. For full transparency, I do receive a small referral commission at no additional cost to you if you decide to say that you heard it here. If you decide to try it out, thank you very much, I appreciate you. This helps me continue delivering valuable free content like this!

Matt and Justin speak with Bob Howard and Taylor Leander from Resource Royalty, LLC about 1031 Exchanges and how mineral interests can fit into this strategy. As you may know, a 1031 Exchange is defined under section 1031 of the IRS Code and it allows an investor to defer paying capital gains tax on certain types of investment properties when they are sold as long as certain conditions are met. This episode was recorded before the impacts of COVID-19 and before the price of crude oil tanked in early March. This topic may be even more important in helping to maximize the return on an investment, especially considering the challenging market conditions we are faced with in 2020.

Everyone will have seen the news by now that the price for WTI crude oil for May delivery went negative for the first time ever on April 20, 2020 closing at -$37.63 a barrel. What we'd like to talk about today is the potential impact on royalty owners. We bring back attorney Spencer Cox with Burns Charest, LLP to talk about negative royalties and shut-in royalty provisions in oil and gas leases. You may remember Spencer from Episode 13 where we talked about royalty audits, back pay, and litigation. Get Your Free Copy of the Burns Charest, LLP White Paper on Negative Prices & Royalty Calculations that Spencer mentions in the show. Did you know that there is a new Facebook Group for the Mineral Rights Podcast Community? Click here to go to The Mineral Rights Podcast Facebook page. While you are there, be sure to hit "LIKE" and go to the "Groups" tab to join the Mineral Rights Podcast Community. Again, be sure to like the mineral right podcast page first as I will also be doing some live q&A there coming up in the future so you will be able to stay posted when that happens. If there is a question you would like me to answer live then send it to [email protected].

I hope you are well. I wanted to provide an overview on how crude oil is priced as a follow up to our natural gas and NGL price episode which is Episode 50. We also provide an update on everything that is going on with OPEC, production cuts by US companies, and more. Did you know that there is a Mineral Rights Podcast Facebook page? There you will find the NEW Facebook Group that I've created for the Mineral Rights Podcast Community. Just click on the link above to be taken to The Mineral Rights Podcast Facebook page, be sure to hit "LIKE". This is where you will find information about the Facebook Live Q&A Sessions that will be coming up. As always, you can find show notes at mineralrightspodcast.com. To send a question you would like me to answer live, please email [email protected]

I hope everyone listening is well in the midst of the pandemic. In this month's Mineral Rights Podcast news episode for April 2020 we have a couple of stories with a positive outlook (for a change!): Oil and gas industry faces huge loss | The U.S. Is Becoming The World's Largest Oil And Natural Gas Exporter | It's not Armageddon for America's oil and gas industry As always, you can go to mineralrightspodcast.com to find the links to these articles. To send us an article you would like us to cover in a future episode, please email [email protected]

I hope that you are well in these extremely challenging and uncertain times. With the volatility in the financial markets, it is hard to keep track of the price of oil and gas. We recorded this episode in January of 2020 before the current crisis but I think this content is even more relevant today. Given the extreme drop in oil and natural gas prices, it is even more important to keep tabs on your royalty checks to make sure you are getting paid what you deserve. Specifically, it is a good practice to double check the volumes that are reported on your check stubs and to understand the price that was paid for a given month. To help you with this we answer a listener question about how natural gas prices are determined and things you need to know in order to be able to reconcile the price paid for natural gas, NGLs, and crude oil. Thank you so much for listening and I hope you find some useful information in this episode that you can apply to your own situation. As always, you can go to mineralrightspodcast.com to find the show notes and specific examples of how to calculate approximate value of NGL volumes from your check stub. To ask a question that you would like answered in a future episode, please email [email protected]