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

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.