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

This month we discuss articles that talk about whether or not we will be able to continue to expense Intangible Drilling Costs and to take the Percentage Depletion Deduction on our Royalties, Shell's decision to leave the Permian Basin, and why elevated oil and gas prices will likely continue.

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 discuss the concept of not signing an oil and gas lease when you are force pooled and deciding to not participate in the drilling of a well. This is also referred to as going non-consent to the drilling of a well. There is a lot to consider when becoming a non-consenting mineral owner.

We discuss things to consider with the risk penalty that you will be assessed on the non-operated working interest that you now own, and what can happen if additional wells are drilled in the future.

There is a lot to unpack in this episode so be sure to listen so you understand your options. As always, this episode is being shared for educational purposes only and should not be construed as legal advice.

As always, to find links to the resources mentioned in this episode go to mineralrightspodcast.com.

In our last episode, we covered the a la carte method of getting help with your mineral rights and royalties. Specifically, when and how to hire a landman, attorney or engineer for help.

In this episode, we talk about hiring a full-service mineral manager to get help with all aspects of managing your property. In fact, this episode was also in response to another listener question. Carol wrote in asking for advice on hiring a professional mineral manager to help her with her portfolio.

If you've ever wondered what types of services a professional mineral manager offers, how much their services cost, and how to go about finding the right mineral manager for you, then be sure to listen to the end.

If you have a question you would like answered on the show, send us an email to [email protected].

Beth recently wrote in and gave an excellent suggestion on a topic that I realized we hadn't covered in a single episode. She wrote asking for "advice on managing mineral rights from far away, particularly what services I can expect from an attorney, what might be better handled by an independent engineer or landman, or what I'll have to do myself."

This is a very common situation where you may own mineral rights or royalty interests in another state and you need to research your interests either through the county courthouse or the state oil and gas commission or you may need the services of a professional in that state but you may not be able to meet with them in person.

What we are going to cover today are some tips for managing mineral rights and royalties from out of state and how to go about hiring a professional to get help and what types of professionals can help with different steps along the way.

As always, show notes with 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 2021 we talk about the economic recovery in the state of New Mexico, Oil and Gas lease sales are finally set to resume in 2022, and the challenges faced by Weld County Colorado as oil and gas production declined in 2020.

• New Mexico Republicans credit oil and gas for revenue boost, report warns of volatility
• Oil and Gas Lease Sales Set to Resume Next Year
• Can Weld County maintain its fiscal health as oil and gas production gets pinched?

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]

Look, if you are just starting out, all of this can be hard. There is a lot to learn, unfamiliar terminology, and so many different things that you feel that you need to do now. From researching what you own, contacting oil and gas operators about producing wells that you just learned about, to going through probate, to getting YOUR estate in order for the next generation. The good thing is you don't have to figure it out all at once. It is a journey and as I like to say, it is a marathon, not a sprint.

We speak with a listener and fellow mineral owner, Barb Rankin, who is just starting out on her mineral rights an royalties journey. From the biggest challenges to the biggest successes, how to go about getting help and finding the right attorney, landman, or engineer, to some of the most helpful resources out there for mineral rights and royal owners. You won't want to miss this one because even if you are a seasoned pro, there are some great tips and resources that we talk about in this episode.

As always, show notes with links to the resources mentioned in this episode can be found at mineralrightspodcast.com

As the Washington Post recently reported, Joe Biden made "the embarrassing move to call on OPEC and its allies to boost oil production as pump prices climb, underscoring alarm over the U.S. loss of energy independence under President Biden."

By asking OPEC and its allies like Russia to increase oil production, will this actually result in increased CO2 emissions versus if he had asked domestic producers to increase production? We were surprised at what we discovered.

As always, links to the show notes can be found at mineralrightspodcast.com.

You may have seen the headlines regarding the proposed tax law changes that are being considered in the U.S. as a way to help pay for the $1.2 trillion Infrastructure Bill and the related $3.5 trillion budget resolution.

There are several proposed changes that may have significant effects on mineral rights and royalty owners. From the way that estate taxes are paid on mineral rights to elimination of the percentage depletion deduction, oil and gas mineral and royalty owners could be faced with a big tax bill. In this episode, Justin and I summarize the current proposals and campaign promises and what they might mean for you and your family.

As always, you can go to mineralrightspodcast.com to find the links to the 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 month's Mineral Rights Podcast news episode for August 2021 we talk about how Deb Haaland is ignoring the ruling reversing the federal oil and gas leasing ban, oil and gas royalty owner's percentage depletion deduction is under fire, and Larimer County Colorado delays new oil and gas regulations after extensive public comment.

Deb Haaland's Oil and Gas Stall | Oil and Gas Subsidies Are Under Pressure | Larimer County commissioners delay oil and gas regulation vote after extensive public comment

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, my co-host Justin Williams shares his journey inheriting mineral rights and royalties from his great uncle Jake. Learn about the initial phone call from a landman to his mother letting her know that she inherited minerals to what he did to learn about how to research and clear title issues, resolve issues with operators, to ultimately get his royalty interests in pay status.

As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com. If you have any questions about this or other topics, send us an email at [email protected].