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.
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About Our Guest
Justin Williams is an entrepreneur, small business owner, and marketing guru. He and his wife own Little Glass Art, a Colorado-based stained glass studio offering fun classes for the masses, uniquely yours commissioned artwork, stained glass restoration, and repair. You may recognize Justin’s familiar voice as the co-host of this show where he shares the individual mineral owner perspective.
You’ll Learn
- How you came to own minerals and royalties?
- How did you find out that you owned them?
- What has been your experience in dealing with a bank as a trustee?
- What are the issues that you had to deal with with minerals being passed down in a trust?
- How did you resolve them?
- How did you find out what you needed to do to clear title to your properties? Did you contact the operator first?
- What resources did you use to learn about how to perform a title search?
- How did you find out if there were other properties your family stood to inherit as well?
- What are the resources that have been most helpful in your journey?
- Where Justin is in his journey to learning about what his family owns?
Resources Mentioned in This Episode
The book Roughnecks, Drillers, and Tool Pushers: Thirty-three Years in the Oil Fields (Personal Narratives of the West) by Gerald Lynch – features Justin’s great uncle Jake and what it life was like in the oilfields in and around Texas.
Inheriting Mineral Rights
- MRP 39: Mineral Rights Inheritance
- Download a FREE copy of the full transcript of Episode 39: Mineral Rights Inheritance to use as a handy reference.
- MRP 103: How to Find Out if You Have Unclaimed Royalties
Performing a Title Search
- Enverus DI Courthouse Free Trial (Search county records in Texas for free)
- MRP 10: How to Perform a Title Search
- To help you get started with your mineral rights title search, here is a free Runsheet Template.
- MRP 11: Oil and Gas Title Defects and Curative Measures
Searching for Oil & Gas Data in Texas
- Texas Railroad Commission Oil & Gas Data (hint: the GIS Viewer is a great way to search for information in an easy to use map interface).
What is an Unleased Cotenant?
How Much are My Minerals Worth? (Getting a Valuation)
- MRP 84: The Top 6 Things That Affect The Value of Mineral Rights and Royalties
- MRP 70: 5 Tips if You Are Thinking About Selling Mineral Rights
- Silverheels Investments LLC (Matt’s company that specializes in providing custom tailored mineral rights and royalty valuations tailored to your budget and your needs, email info@silverheelsinvestments.com for a free quote).
Education
- The National Association of Royalty Owners (NARO) is the only national organization representing oil & gas royalty owners interests. NARO Members get access to live events, webinars, and the amazing library of past Webinars on all topics related to minerals and royalties.
- MRP 107: NARO Executive Director Jack Fleet
Where to Find Justin:
- Little Glass Art Website (If you are in Denver or Colorado Springs, check out their upcoming classes!)
- Justin@LittleGlassArt.co
- +1-719-445-6551
Thanks for Listening!
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Thanks again – until next time!
