Today we have a special episode for you as we interview the founders of an amazing platform that is pioneering the way you manage your minerals and royalties. Justin and I had the opportunity to sit down and talk with Eliott Gilson and Jarrett Parker, co-founders of Royalty Advocate.
These guys are super smart and in fact they are real life rocket scientists that are applying technology to modernize the way we answer the two main questions around mineral ownership:
- Am I getting paid on all the assets I should be getting paid on? AND
- Are those payments accurate?
And the thing I really like about the way that they are doing it is they are making it so user friendly that anyone can use their system and they offer this power at a price that is affordable for ALL royalty owners.
Be sure to stay until the end to learn how Mineral Rights Podcast listeners can start using Royalty Advocate’s Advanced Plan today for FREE.
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About Our Guests
Eliott Gilson graduated from the University of Michigan with a bachelors and masters in Aerospace Engineering and a minor in Mathematics. His masters was focused on computational fluid dynamics. He is one of Royalty Advocate’s co-founders and is the lead back-end engineer.
Jarrett Parker grew up in Odessa, Texas and his family has owned mineral interests in West Texas for the past four generations. He also graduated from the University of Michigan with an Aerospace Engineering degree and a minor in Physics. He’s the other co-founder of Royalty Advocate and is the lead front-end engineer.
Introduction
We find out more about Eliott & Jarrett’s background including:
- Tell us a little about yourselves and your backgrounds and how you landed in oil and gas?
- What exactly is Royalty Advocate and why did you create it?
- What types of clients or users are you looking to serve? (mineral buyers, family offices, mineral owners, etc.)?
- What are the different subscription levels and what are the major differences between the free vs. the base vs. the advanced plans? What is your most popular plan?
What Makes the Royalty Advocate Platform Unique?
- What problems are you seeing Royalty Advocate solve for these different types of users?
- How is Royalty Advocate different than other minerals management platforms out there?
- How have your partnerships, like the one with WellDatabase allowed you to provide users access to data that might otherwise cost them hundreds of additional dollars per month?
- At what point do the different plans make sense for small vs. large mineral owners, vs. others in the minerals and royalties space?
Making Revenue Data More Accessible
- One of the things that stood out to us, is your goal to partner with operators for revenue data. Tell us a little about your success so far with that?
- If you can talk about it, what operators have signed up to make their revenue data available on Royalty Advocate?
- I see that you are developing additional features for power users with things like decline curve analysis, appraisals, and investment fund workflows. What type of client are you looking to serve with the Premium plan?
- How will the appraisal functionality work?
- What types of investment fund workflows are you looking to include?
The Future of Royalty Advocate
- What is your favorite user success story so far?
- What is next for Royalty Advocate? What is your ultimate vision for the company?
Wrap-up
Where can people go to find out more about Royalty Advocate and how can people get a hold of you?
Special offer for Mineral Rights Podcast Listeners: Sign up for a new Advanced Plan ($49/month) and get your first month FREE. HINT: just use the Promo Code that Jarrett & Elliott Mention 52:00 in to the interview.
Resources Mentioned in This Episode
- Royalty Advocate Website
- MRP 55: Get Oil and Gas Data For Free with WellDatabase
- MRP 13: Royalty Audits and Litigation with Attorney Spencer Cox
- MRP 34: Important Documents for Mineral Rights and Royalties
How to Contact Jarrett or Eliott at Royalty Advocate:
- Email: contact@royaltyadvocate.com
- Phone: 480 – 378 – 3270
Thanks for Listening!
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