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

In this month's Mineral Rights Podcast news episode for August 2019: As Drillers Struggle, Shale Investors Seek Safety in Mineral Rights | A top-producing, but struggling, Eagle Ford driller hit with $44M court judgment | Deadline set in White Star Petroleum bankruptcy: Mineral rights owners have until Aug. 23 to file claims 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 sit down with Rob Prentice, the President of Turrett, LLC and current President of the Colorado Chapter of the National Association of Royalty Owners (NARO). Rob is an appraiser of mineral rights emphasizing oil and gas minerals. We dive deep into the types of mineral rights appraisals and specifically when you should get an appraisal done to set the IRS tax basis for minerals inherited then sold. We also talk about the National Association of Royalty Owners and what you need to know about this organization and why you should be a member if you aren't already one. If you haven't already, be sure to listen to the Mineral Rights Podcast Episode 4 where I talk about the different ways that minerals are valued. Be sure to check out the show notes to download a free IRS Mineral Rights Valuation and Tax Resource Guide.

In this episode, we provide an overview of the key facts and things you should know if you own minerals in the Greater Permian Basin, including the Delaware Basin, Midland Basin, Central Basin Platform, or Northwest Shelf. Please let us know if this is useful and if you have any requests on a particular area that you would like us to cover!

In this month's Mineral Rights Podcast news episode for July 2019: Fracking in Ohio: State law gives energy companies right to force landowners into leases | Interior to Support Critical Minerals Strategy through Faster Permitting, Better Information, Nationwide Examination of Minerals Potential | Bill To Amend Mineral Lease Act, Raise Royalties And Cut Lease Sales Draws Opposition

In this episode we answer listener questions about decline rates for unconventional oil and gas plays, leasing vs. forced pooling, and what happens when one operator buys an oil and gas lease from another operator. To ask a question to be featured in an upcoming episode, email [email protected].

This is the first in our series about the major producing oil and gas basins and plays in the US. We provide an overview of the key facts and things you should know if you own minerals in the DJ Basin. Please let us know if this is useful and if you have any requests on a particular area that you would like us to cover!

Supreme Court sides with property owners; companies have no right to get natural gas without permission | North Dakota tribe defends its rights to minerals from state | Navajo Allottees Defend Mineral Rights And Cultural Heritage In Opposition To Exclusionary Zone Near Chaco Canyon

Today we're talking about investing in oil and gas mineral rights and royalties. We cover the pros and cons of this type of investment, and the different ways to invest as well as some of the potential requirements for these investments.

In this month's Mineral Rights Podcast news episode: Deep-sea mining could provide access to a wealth of valuable minerals |Bullock signs bill clarifying fossils are part of property surface rights in Montana | Occidental Wins Battle for Anadarko as Chevron Exits Bidding | What Chevron stands to lose if Occidental wins bidding war for Anadarko And remember to leave a rating and review on iTunes or wherever you are listening to this show and send a screenshot of your review to: [email protected] to be entered to win a free copy of the book that was mentioned in our interview with Phil Sherwood of SherWare/WellProfits and the "We're Still Here Podcast". All entries must be received by June 1st 2019 so don't wait!

Today we have Phil Sherwood, CEO of SherWare, Inc., an oil and gas accounting software company, has been in the industry for 25 years. He is the host of the We're Still Here podcast where he has taken his amazement at the tenacity, fortitude and rebound ability the people who keep the oil & gas industry running have had to survive, no matter what the market conditions looked like and created a show about it! His company has several products, including WellProfits, which automates how you track and analyze royalty and mineral interest data for family trusts, investment funds, and individuals so you have more time to live your life.

Listen to this episode to learn how to negotiate a Surface Use Agreement (SUA). A Surface Use Agreement (SUA) is a contract between the surface owner and the lessee (usually oil & gas company) to an oil and gas lease. This contract outlines the rights, duties, and obligations by both the landowner and operator including things like the size of the surface disturbance that will be allowed when constructing well pads and roads, compensation for any property damage that might be done by the operator.

You have heard his voice on many of the Mineral Rights Podcast episodes and now it is time to find out just who Justin Williams is. Listen in as Matt interviews Justin!

In this month's Mineral Rights Podcast news episode: Colorado Senate Bill 19-181, the oil and gas regulations bill, gets final approval and is headed to governor's desk | House approves measure to protect mineral rights owners from governmental takings, sends to Senate | EPIC study finds landowner revenue, industry output would increase with open auctions

Today we talk about taxes on mineral rights and royalties. Learn how royalties and lease bonus proceeds are taxed. Get tips on common deductions and credits to make sure you know the questions to ask your CPA when it comes time to file your taxes. We also cover a little known fact on why it makes sense to determine the cost basis for mineral rights that you inherit even if you don't plan on selling.

In this month's Mineral Rights Podcast news episode: Industry groups, politicians seek to delay Colorado oil and gas bill | North Dakota energy bill criticized as 'flat-out taking' of private property rights | Suit on forced pooling of mineral rights remains in background. To ask us a question to be featured on an upcoming episode, please leave a comment at mineralrightspodcast.com or send an email to [email protected].

In this episode, Justin Williams and I cover the basics around the Net Royalty Acre. We talk about the difference between the Net Royalty Acre (NRA) and Net Mineral Acre (NMA) units of measure and when to use each one. Plus we cover how to calculate how many Net Royalty Acres you have.

This is the first episode that we will be doing monthly where we cover the latest news relating to mineral rights. We'll also chime in to tell you our thoughts on each article. I hope this is useful - let us know if you want to hear more content like this!

In this episode, we talk about what you need to know about Oil & Gas Division Orders, from what it is, what information is included, and things to consider if you get one in the mail. We also cover a few special cases and some common questions that Matt answers at the end of the show.

In this episode, Justin Williams joins me again to provide the individual mineral owner's perspective. We discuss the typical lifecycle of an oil and gas well and how long it takes from when they start breaking ground until you start getting paid royalties. We also talk about Texas statutes that exist to protect royalty owners and provide certain timeframes for operators to respond to written requests. Be sure to stay tuned until the end because I also answer some common questions that mineral owners often have.

Today we have Jeff Kummer with Mineral Tracker on the show to talk about the products and services they offer to mineral owners. MineralTracker focuses on a wide range of mineral owners from those who own smaller interests from just a few wells to those who have interests in thousands of wells. MineralTracker uses proprietary algorithms to allow you to understand predicted royalty income both historically and into the future.

Today we have Spencer Cox, an attorney with Burns Charest. He's going to help us dive deeper into the world of royalty audits and when litigation might be an option for mineral owners to pursue.

Today we have Gabe Wilcox the CEO of MineralSoft. He's going to tell us how they got started and some of the solutions they offer to mineral owners to help make sure they are making the most out of their assets. I met some of the MineralSoft team a few months ago here in Denver and got to see their software first hand. I thought it would be great for them to come on the show and talk about how they can help mineral owners manage the often complex business of making heads or tails of your monthly royalties. Also, this is the first in a series of episodes where we will be featuring companies that have tools and services for mineral owners so stay tuned to find out about other great companies out there serving our market. As I mentioned before, we are running a contest for anyone who leaves us a review on iTunes. Just go to mineralrightspodcast.com/contest to enter!

In this episode, we interview expert Clint Goos on the subject of Oil and Gas title issues and curative measures. Clint is an experienced attorney, landman, and project manager with NorthStar Energy Company based in Denver, Colorado. This episode is full of useful information for mineral owners who need to know their options for correcting gaps in the chain of title or other common title defects.

In this Episode of The Mineral Rights Podcast, we cover how to perform a basic title search on your own, what document types to look for, and several free online resources that can help you run title. Show notes: http://mineralrightspodcast.com/episode10

In this episode, we talk about a potentially deceptive practice that we've come across and want to make other mineral owners aware of. It is not very common but can have significant unintended consequences if you fall into this trap. Specifically, we are talking about a royalty lease which is being presented as if it were a mineral lease (especially a top lease). Listen to hear more about how to protect yourself against this potential scam.

In Episode 8, we talk about forced pooling and expand on the concept of non-operated Working Interests as covered in Episode 7. We highlight the typical options that a mineral owner is faced with when they receive a forced pooling notice and election letter in the mail. This includes: - Participating in the well (covered in more detail in Episode 7) - Leasing - Making an affirmative election to "non-consent" to the well - Getting Forced Pooled Examples discussed are specific to Colorado but many states have similar requirements. Check with your state's oil and gas commission for more information.

In this episode, we talk about what a Working Interest (WI) in Oil & Gas is and what you need to know when thinking about participating in a well. You Will Learn About: - Potential tax implications - What is a Joint Operating Agreement (JOA) - What does participating in a well mean - Pros/cons of non-operated WI's

In this episode, we answer a listener's question about what to negotiate for and how to evaluate an oil and gas lease. Be sure to check out the show notes for a free leasing resource guide.

In this episode, we talk about what you need to know about selling mineral rights and the typical process that's involved. Be sure to listen to the end because we cover 5 red flags to look for when selling your minerals or royalties.

In This Episode, You Will Learn About: Different Approaches Used in Valuing Mineral Rights Different Property Types The Market Approach (comparable sales) The Income Approach (aka Discounted Cash Flow Analysis) A rule of thumb you can use to provide a rough estimate of value of some producing minerals. We also talk about different factors that go into a mineral rights valuation If you are considering selling, we discuss some of your options: What is a Non-Participating Royalty Interest (NPRI) and when it can be used. Selling only a portion vs. selling 100% of your interest Long vs. short-term personal & financial goals Red flags to look out for (in the fine print of any legal documents) and who typically pays for what in a mineral rights transaction. Finally, we cover some local Colorado mineral rights news: Royalty owners claim wider well setbacks would cost them $26 billion

In this Episode, I show you how to calculate your Net Revenue Interest in a well in 3 simple steps. We also cover how to estimate the amount of your Royalty Check.

In this Episode, we talk about the different forms of ownership as it relates to mineral rights and the difference between minerals and royalties. We also talk about ways that ownership is conveyed and the sometimes ignored Non-Participating Royalty Interest and an example of how you could use it.

In this episode, I introduce myself and tell you what to expect from future episodes of the Mineral Rights Podcast.