In this episode, we answer questions submitted by Sara, David, Kevin, Tom, Bradley, and Linda. Topics range from decoding an unsolicited purchase offer to calculating decimal interest for allocation wells crossing multiple units in the East Texas Haynesville, to recovering unclaimed royalties for a deceased parent’s estate. Whether you’re brand new to mineral ownership or a seasoned buyer, there’s something here for you.
As before, many of the questions in this episode are covered in more depth in my Mineral Management Basics online course, including how to read a legal description, perform a title search, identify nearby oil and gas activity, and determine whether you should be getting paid on a well.
Thanks again to everyone who left a review or who submitted a listener question! If you have a question about your minerals or royalties, you can send it to feedback@mineralrightspodcast.com!
If this has been helpful, please take a moment and leave us an honest rating & review on Apple Podcasts. This feedback really helps keep us going and helps make sure that we are putting out content that is tailored to your needs.
Listener Question #1
Hello,
I came across your website while looking up this company to see if they are legit. (She mentions the name of the company that sent an unsolicited purchase offer to her organization).
Our healthcare organization was “gifted” these two properties years ago and we receive money on a monthly basis based off of the oil and gas minerals that were extracted.
However, we received this letter RE interests in selling our royalties to this company.
Any guidance is greatly appreciated.
Thank you,
Sara
Listener Question #2
Hi there—love the show. I own mineral rights on the Texas side of the Dear Mr. Sands,
I would like to propose two potential topics for the MRP. First, I have appreciated the podcasts that you have done regarding how to navigate the respective state agency websites that have oversight and information about mineral rights—including maps and data about oil and natural gas exploration. I would respectfully request that you consider a podcast to explain how to navigate the Montana website. I have small mineral rights interests in Montana. I believe that many of us would benefit from a discussion of Montana and its unique circumstances, ii.e., the majority of oil and gas wells are on federal land.
Also, I believe that much of mineral rights ownership management benefits from a better understanding of economics. I believe it would be helpful and interesting to have economists (N.B. the economists should not have a predisposition against capitalism and mineral rights ownership) explain how economics influences mineral rights ownership. I believe that your interviews with Alex Epstein were very instructive. I envision something that could comprise interviewing economists over multiple episodes.
Thank you for your podcast and all that you do. Your influence and help to mineral rights owners has been profound. Moreover, it has made my small mineral rights ownership much more enjoyable—even fun.
Blessings,
David
Listener Question #3
(Comment in response to my email newsletter celebrating our first 300 episodes and the top 10 most popular episodes so far:
MRP 302: Celebrating 300 Episodes: Your Top 10 Favorite Episodes (so far)!
Thanks for sending this Matt. I wish I would have listened to these in real time. Great stuff.
Just listened to MRP 141 on Bitcoin mining. Very Interesting.
Thanks again and will be joining NARO soon. Thanks for what you do.
Kevin
Listener Question #4
Hello Matt,
I am a NARO member and have enjoyed your podcasts and good advice over the years. I believe I met you at the Denver NARO conference last year.
My partner and I buy minerals and rarely, working interests, mostly in Texas. We prefer the Permian Basin for obvious reasons but occasionally purchase ETX Haynesville/Bossier positions.
We find the land/legal side of the ETX business most challenging. Can you help us out with a few questions we have or recommend someone for us to talk to? Our main question really is:
When several units are formed contiguously to capture one or more well bores, how are decimals calculated? For example, if we own 5 NRAs in one of three 500 acre units and the well bore crosses each unit, how is our decimal calculated? The wellbore typically does not cross all three units in equal distances….as you can guess.
If it is easier to discuss over the phone that would also be great. I know you are busy.
Thank you in advance Matt.
Kind regards,
Tom
Listener Question #5
Hey Matt, just got done with (your mineral management basics course) and it was great. I’m having a hard time with a piece of property in Bienville Parish in Louisiana that we have a well on operated by Comstock and payed by BPX. Finally after a lot of hard work, I got a copy of the lease from them but cannot get an answer or anybody to tell us why we haven’t had any royalties paid to us or can’t get a production statement from the well operating on our property. Has been a very frustrating situation.
Bradley
Listener Question #6
Hello Matt,
Can you tell me how to find out about my minerals, like who was sent checks, amount and to whom?
The mineral rights were separated from the land in 1988. My mother received a % of the mineral rights. My mother passed away January 1995. Texas unclaimed property shows mineral royalty’s for 2012, 2013, 2015, 2016, 2017. I am trying to get information from 1995 to the present.
I have been sent to different companies and one company said that the well was depleted. The minerals are now with the Land Grant Patent which I own. I first contacted Texas Unclaimed Property in 2017, I sent them copies of all the information that was requested and it is still in limbo.
Any suggestions would help,
Sincerely,
Linda
Resources Mentioned in this Episode:
Mineral Rights Education
- Mineral Management Basics Online Course
- National Association of Royalty Owners (For a limited time, use coupon code “MRPODCAST” for $25 off an Introductory Membership. Good only for first-time members).
- 1-on-1 Coaching with Matt
Valuing Mineral Rights
- Matt’s company, Silverheels Investments & Consulting provides mineral rights consulting and advisory services. We perform mineral valuations and appraisals and a myriad of other consulting services to meet the needs of mineral owners large and small. If you would like to understand what your mineral rights and royalties are worth, please contact Matt today for a free consultation.
- MRP 84: The Top 6 Things That Affect The Value of Mineral Rights and Royalties
- MRP 194: How Do You Calculate Mineral Rights Value?
- MRP 4: How Mineral Rights are Valued
Mineral Rights Research
- Texas Railroad Commission (RRC) Inactive Wells Search Page
- MRP 10: How to Perform a Title Search
- Download my Free Runsheet Template to help you get started with your mineral rights title search.
- MRP 103: How to Find Out if You Have Unclaimed Royalties
- WellDatabase.com
- MRP 226: How to Use the Texas Railroad Commission Website
- MRP 227: How to Find Oil and Gas Info for Oklahoma
Negotiating an Oil & Gas Lease
- For help with negotiating tactics, I really like the book Never Split the Difference by former FBI hostage negotiator Chris Voss.
- MRP 6: How to Negotiate an Oil and Gas Lease
Taxes
- MRP 20: Taxes on Mineral Rights and Royalties
- MRP 118: Guide to Proposed Tax Law Changes for Mineral and Royalty Owners
- MRP 146: How Mineral Rights and Royalties are Taxed in 2022
- MRP 223: Year End Mineral Rights Tax Tips
- MRP 234: Mineral Rights and Royalties Tax Strategies
Inheritance
- MRP 215: Using a Lady Bird Deed to Streamline Inheritance
- MRP 203: How to Navigate Inheritance Issues with Minerals and Royalties
- MRP 39: Mineral Rights Inheritance
- MRP 290: Listener Questions June 2025
- MRP 273: Listener Questions – January 2025
- MRP 85: Probate and Marketable Title with Attorney Richard Winblad
Thanks for Listening!
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Thanks again – until next time!
