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

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.