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

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