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

In this month’s Mineral Rights News episode, we give an update on the refilling of the Strategic Petroleum Reserve (SPR), the BLM withdraws 220,000 acres of federal land from future oil, gas, and mineral development in Colorado, the state of Alaska sues the federal government over Pebble Mine takings claim. And the Rig Count! As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

You may see that one or more of the wells on your property is listed as "shut-in" or "plugged and abandoned" on the state oil & gas commission website and wonder what this means for your future royalties. In this episode, we explain some of the main reasons wells can end up getting shut-in and whether they can be restarted. We also explore scenarios where an operator may re-enter a previously abandoned wellbore instead of drilling an entirely new well. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

In this episode we answer listener questions submitted by Tyler, Margaret Ann, Nate, Gene, Robert, Anna, and Allen. This one was interesting because we talked about some new topics like: how to underwrite a mineral rights investment, the Haynesville Shale, minimum thresholds for royalty payments, Oklahoma Senate Bill 212, secondary market for non-operated working interests, educating yourself (and others) about minerals, and more. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode we show you how to find oil & gas info using the Wyoming Oil & Gas Conservation Commission website. As before, we walk step-by-step how to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced in a given month, and more. This assumes you already know your legal description and the type of oil & gas interests you own. If you would like to learn more about the topics covered in this episode as well as the different types of mineral and leasehold interests, from how to read a legal description, how to perform a title search, and how to identify nearby oil and gas activity, be sure to check out my Mineral Management Basics Online Course. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

The Osage Nation forces a company to remove wind farm in Oklahoma, Saudi Aramco CEO keeps it real at CERAWeek, NM looks to raise royalty rates in the Permian. And the Rig Count! Tribal sovereignty trumps wind in Oklahoma - POLITICO Big Oil Sets the Agenda on CERAWeek’s Opening Day - Bloomberg New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin | AP News 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 show you how to find oil & gas info using the North Dakota Department of Mineral Resources - Oil & Gas Division website. As before, we walk step-by-step how to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced in a given month, and more. This assumes you already know your legal description and the type of oil & gas interests you own. If you would like to learn more about the topics covered in this episode as well as the different types of mineral and leasehold interests, from how to read a legal description, how to perform a title search, and how to identify nearby oil and gas activity, be sure to check out my Mineral Management Basics Online Course. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

The interpretation and application of the regulatory takings principle have evolved over time, but the fundamental principle remains: the government cannot take private property (including mineral rights) for public use without providing just compensation to the owner. In this episode, we talk abut cases where mineral owner's property rights were taken by govenment regulation and what protections we have to ensure that we receive "just compensation." As always, links to the resources we mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

How have oil & gas production been affected by the Texas wildfires? Colorado legislators propose phase out of new oil & gas wells by 2030, and is underground hydrogen the next big thing? And the Rig Count! Has Oil and Gas Production Been Affected by the Texas Wildfires? | Rigzone Colorado is set to consider a ‘fossil fuel phase-out.’ Here’s why that’s a big deal. Underground hydrogen deposits spur excitement in WashingtonRig 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 listener questions submitted by Dave, Bill, Monica, Mary, Katie, Kelly, and David. We cover a lot of ground including: surface use agreements, helium, leasing, dormant mineral rights, how to read a legal description, orphan wells, prior period adjustments vs. recoupment, how to calculate your net acreage and decimal interest in a well, and more! For links to the resources mentioned in this episode, check out the show notes at: mineralrightspodcast.com. Many of the questions in this episode are addressed in my Mineral Management Basics online course, from how to read a legal description, how to perform a title search, and how to identify nearby oil and gas activity, and how to find missing royalties.

In preparation for tax season, this episode provides an update on the taxation of minerals and royalties for the 2023 tax year. It covers key considerations that mineral and royalty owners should be aware of when it comes to their tax obligations and key tax credits and deductions that all mineral and royalty owners should know about. Download my free tax guide for links to my top resources around mineral rights and royalty interest taxation and be sure to check out the show notes at mineralrightspodcast.com for links to the other resources mentioned in this episode.

In this episode we talk about how to find oil & gas info using the Utah Department of Natural Resources Division of Oil, Gas and Mining (UDOGM) website. As before, we walk step-by-step how to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced in a given month, and more. This assumes you already know your legal description and the type of oil & gas interests you own. Be sure to check out the accompanying YouTube video to see what we are talking about. If you would like to learn more about the topics covered in this episode as well as the different types of mineral and leasehold interests, from how to read a legal description, how to perform a title search, and how to identify nearby oil and gas activity, be sure to check out my Mineral Management Basics Online Course. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

We discuss how Biden’s pausing of new LNG permits could hurt gas prices, how lithium prices have fallen, controversy around new New Mexico oil and gas rules, Colorado regulators propose rules that consider the “cumulative impact” of oil and gas operations, plus the latest rig count! Biden stalls natural gas exports that activists call ‘climate bombs’ - The Washington Post Why Lithium Prices Crashed by 80% Controversial proposed oil and gas bill passes first committee | Local News | santafenewmexican.com Colorado oil and gas regulators mull rule to address 'cumulative impacts' on climate, air quality 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 show you how to find oil & gas data using the New Mexico OCD website (with a tip on how to view horizontal wells in a free tool that is available). As before, we walk step-by-step how to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced in a given month, and more. This assumes you already know your legal description and the type of oil & gas interests you own. If you don't know the legal description of your oil & gas interests, check out my online course, Mineral Management Basics where I teach you about the different types of land ownership rights and the differences between the types of interests that make up the mineral and leasehold estates, the important documents for mineral and royalty owners and how to organize them, how to perform a title search, and more. As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we show you how to navigate the Colorado Energy and Carbon Management Commission website (formerly the Colorado Oil & Gas Conservation Commission) to locate your mineral or royalty interests to see if you should be getting paid on a well. We also show you how to access the official oil & gas production data reported to the state to use in checking your royalty statements. Be sure to check out the accompanying YouTube video to see how we are able to locate this important information and as always the show notes can be found at mineralrightspodcast.com.

We talk about the New York Stock Exchange's proposal to list Natural Asset Companies (NAC's) and what it could mean for mineral owners, the forecast for additional oil company mergers in 2024, ExxonMobil's big plans for lithium exploration in Arkansas, plus the latest rig count! SEC delays decision on natural asset companies | Livestock | capitalpress.com Mergers and acquisitions in top EY's list of 2024 trends in energy Arkansas Advocate : ExxonMobil to begin lithium extraction in Arkansas as officials hope for the start of a boom | Business | magnoliareporter.com Rig Count As always, links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com

Did you know that an overriding royalty interest (ORRI) or Non-Operated Working Interest can be terminated to wipe the slate clean so the operator can re-lease the same acreage without these burdens on the new lease? This situation is called a lease washout and we talk about what you should do to protect your interests as well as how it can impact mineral owners. As always, additional resources can be found in the show notes at mineralrightspodcast.com.

In this episode, we show you how to navigate the Oklahoma Corporation Commission website to locate your mineral or royalty interests to see if you should be getting paid on a well. We also show you how to access the official oil & gas production data reported to the state to use in checking your royalty statements. Be sure to check out the accompanying YouTube video to see how we are able to locate this important information and as always the show notes can be found at mineralrightspodcast.com.

In this episode we walk you step-by-step how to use the Texas Railroad Commission Website to find your minerals or royalties on a map to determine if you should be getting paid on a well. We also show you how to download important documents related to your wells, how to see how much oil & gas was produced and sold in a given month, and more. Be sure to check out the accompanying YouTube video to see this in action. As always, show notes with the links to the resources mentioned in this episode can be found at mineralrightspodcast.com.

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.