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

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]

I hope that all of you are well in these extremely challenging and uncertain times. After focusing on the important things, like our health and our families, we have to re-focus our attention to getting things done.

There are still plenty of opportunities in the minerals market and in a time of low oil and gas prices, it is even more important to be as efficient as possible in order to stay in business. Specifically, companies need to increase productivity, lower costs, and be even more nimble to be able to respond to quickly changing market conditions.

In this episode, Justin and I talk with Ashley Gilmore, the co-founder of Tracts.co whose revolutionary approach to running title has helped companies both large and small streamline the way they run title. In fact, their tagline is to run title at "half the cost and twice the speed".

You can download the free resource guide mentioned on the show to learn more about Tracts at: Mineralrightspodcast.com/tracts

In this bonus episode, Justin and I provide an update on the recent collapse in crude oil prices, how the Coronavirus is impacting global oil demand, the future of US oil and gas companies, what this all means for the market for mineral rights and royalties, plus the silver lining to the drop in oil prices.

As always, you can find the show notes at mineralrightspodcast.com. Be sure to subscribe wherever you get your podcasts as we have some amazing guests coming up who can help you make the most of your minerals and royalties in a low oil price environment.

In this month's Mineral Rights Podcast news episode for March 2020:

Gordon promises caution, pitches land deal as an investment | Federal land buy-back program coming to Wind River Reservation, aims to return more land to tribal jurisdiction | IEA: Coronavirus May Hit Oil Demand Growth More Than Expected

As always, 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]

In this month's Mineral Rights Podcast news episode for February 2020:

Despite Prop 112's Loss, Colorado's Fracking Foes Are Back With 6 New Ballot Measures | Should mineral rights owners get paid if the government blocks oil development on their land? | Elizabeth Warren's Gas Royalties

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]