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

Can an adopted grandchild inherit mineral rights the same way a biological grandchild can? Will your Permian Basin lease ever see a second bench developed, or is one horizontal target all you're going to get? And why does the number on your royalty check almost never match the production volume you pulled from the state's own database? This month's listener questions episode tackles all three, plus a practical walkthrough of how operators are stacking benches in the Permian and what that means for the long-term value of your minerals. Whether you're trying to untangle an inheritance question, decide between...

https://mineralrightspodcast.com/A ballot fight in Erie, Colorado could unwind a $35 million mineral deal, an Arkansas court just handed royalty owners a win on post-production deductions, and oil prices are once again bouncing around based on whatever the headlines say about Iran that day. In this month's news episode, we break down what's really happening in Erie and why the outcome may matter less than residents think, then we unpack a ruling that reinforces one of the most important lessons in mineral ownership — your lease language rules everything.  We'll also look at what a small but steady rise in...

If you own oil and gas minerals, you already know the drill: you own what's under your land, someone leases it, and you get a royalty check. Did you know there is an entirely separate side to mineral rights on federal lands and that has to do with mining claims.  In this episode, we sit down with attorney and Utah landman Justin Rammell of Rammell Law, PLLC, to break down how mining claims actually work, why a "valid claim" doesn't mean someone can start digging tomorrow, and all that you need to know about lithium rights.

Be s...

If you've ever sent an email to an operator's owner relations department and waited weeks for a reply — or gotten nothing at all — you're not alone, and it's not personal. In this episode, we break down exactly why so many owner requests stall out, and more importantly, what to do about it. We walk through how owner relations departments are actually organized, the specific information you need to include every single time you reach out, a simple method for diagnosing your problem before you ever hit send, and what to do when a normal request needs to become something more...

Only two things in life are guaranteed: death and taxes. Mineral rights don't get an exception. A listener wrote in about a tiny, recurring property tax bill on non-producing minerals in Kansas and asked the question: what actually happens if I just don't pay it? We answered their question in MRP 340: Listener Questions July 2026 and that question prompted this episode, because the honest answer is that property tax on minerals is complicated — and getting it wrong can, in the wrong state, actually cost you the minerals themselves.

Be sure to check out the show notes at mineralrightspodcast.co...

Getting that first royalty check feels like the finish line. You cashed it, the operator knows your name, and as far as you're concerned, the minerals are yours. But the truth is: an operator paying you and you actually owning marketable or clean title to your minerals are two completely different things, decided by two completely different standards. One is about an operator managing its own risk. The other is the legal bar a buyer, a bank, or a court will actually hold you to. In this episode, we dig into that gap — what it means, why it exists, an...

In this month's listener Q&A episode, we tackle a run of "what's really happening with my minerals" questions from across the country: whether a century-old Montana formation still has any life left in it, how to gauge future drilling near existing wells in Louisiana, how to spot a planned refrac before it happens (plus a tangled century-old inheritance dispute out of the Haynesville), how to avoid getting lowballed by unsolicited purchase offers, what to check when a new Texas well starts sending royalty checks, how to research undeveloped minerals in New Mexico, and the potential issues that could a...

This month has been a roller coaster ride in the oil and gas world, and mineral owners have a front row seat. A Colorado town just sold off its own mineral rights in a fight that split its council right down the middle, oil prices have been yo-yoing on every twist in the Iran situation, in an obvious political move, President Trump is picking a fight with the same oil companies he courted for campaign donations, and the Interior Department quietly rolled back a set of Biden-era drilling rules that could reshape how quickly federal leases move. We break...

Most mineral owners know they "own mineral rights" — but what does that actually mean? Did you know that property ownership isn't a single thing; it's a collection of separate, stackable, and separable rights that attorneys and landmen refer to as the "bundle of sticks." In this episode, we break down everything you need to know about the different types of property rights — from the broad concept of who owns what on the surface to a detailed look at the five distinct rights that make up the mineral estate itself. If you've ever wondered why you're receiving a royalty check but...

If a landman representing an oil and gas company just knocked on your door and offered to buy a piece of your land for a compressor station, what should you do? The check sounds good — maybe even great. But before you sign anything, there's a lot more to think through than just the dollar amount. In this episode, we dig into one of the less-discussed situations a landowner can face: being approached to permanently sell surface land for industrial oil and gas infrastructure. From understanding what a compressor station actually is, to navigating the tax implications of a sale ve...

In this month's listener Q&A episode, we answer an interesting mix of questions: from assessing a mining prospect on inherited land in Alabama, to a Texas mineral owner caught in the middle of a confusing pooling-versus-allocation dispute with their operator, to one of the most common (and heartbreaking) situations we hear about — a widow trying to untangle mineral ownership across three states after her husband's passing. Whether you're dealing with unclaimed property, figuring out what your minerals are worth, or just trying to get organized before the worst happens, this episode has something for you. 

As alw...

If you've filled up your gas tank lately, you already know something big is happening in energy markets — and it doesn't look like it's going away anytime soon. The ongoing conflict in the Middle East has shut down roughly 14% of the world's oil supply through the Strait of Hormuz, sending oil and gas prices on a roller coaster ride that has the Federal Reserve worried about inflation, analysts predicting $3+ gas prices through the end of the decade, and even major OPEC members quietly making moves to protect their own interests. For mineral and royalty owners, higher oil prices are a...

Most mineral owners are sitting on tools that could save them hours of time, catch payment errors they'd never find on their own, and make them far more informed at every step of owning minerals and royalties — and they don't even know it. In this episode, we cover easy, free things you can do right now using tools like ChatGPT and Claude to streamline your mineral management. We also pull back the curtain on the more advanced ways the industry is already using AI to streamline title work, track drilling activity, and audit royalty payments. The key theme running th...

When most people hear "geothermal energy," they think of Iceland, Yellowstone, or hot springs — places where the earth's heat is practically boiling up through the ground on its own. For decades, that image was essentially correct: traditional geothermal power only worked where nature had already done the hard work. But a wave of new technology borrowed directly from the oil and gas industry is changing everything. In this episode, we discuss the rapid advances in Enhanced Geothermal Systems (EGS) — what they are, how far the technology has come since we first covered this topic in 2022, and most importantly, what the...

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 always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this month's news episode, we break down four major developments shaking up global energy markets in May 2026. From the UAE's sudden departure from OPEC to a widening gap between paper and physical oil prices, the episode covers what these fast-moving events mean for royalty owners who are trying to make sense of their income outlook. We also discuss the Trump administration's meeting with major oil executives, a temporary waiver of the century-old Jones Act, and what the latest rig count data tells us about where the industry is actually headed.

As always, links to the articles...

Your royalty check is the end product of dozens of economic forces working all at once — and most of them have nothing to do with what's happening on your property. In this episode, we break down the economic framework every mineral owner needs to understand: starting with the global or macro-economic forces that set the price of oil and gas, moving to the local and regional factors that determine how much of that price actually reaches your check, and ending with the micro or property-level decisions that affect your long-term income. Whether you inherited your minerals or actively manage th...

When a landman calls or a lease offer arrives in the mail, most mineral owners don't realize they're at the starting point of a negotiation — not the finish line. In this episode, we use a real question as the jumping-off point for a practical conversation about how to negotiate a better oil and gas lease. We walk through why the first offer is almost never the best one, what third-party lessees are and why they sometimes offer better terms than the operating company itself, and most importantly, why the royalty rate you agree to today will determine the value of...

In this episode, we answer questions submitted by Scott, Greg, Charlotte, Clarissa, Sheri, and Paul. In this month's listener Q&A, we tackle a diverse set of questions that reflect the full range of challenges mineral and royalty owners face — from a technical question about appraisal methodology, to a listener navigating a suspicious lease offer, to a Haynesville owner trying to squeeze more value out of a lease negotiation. We also respond to a listener who sent along an article that discussed the Section 45Q carbon capture expansion in the One Big Beautiful Bill Act and we pr...

In this month's news episode, we break down the energy market fallout from the U.S.-Iran conflict and what it actually means for oil prices (and your royalty checks) for the forseeable future.  As compared to the start of the conflict, recent infrastructure damage has fundamentally changed the price recovery timeline.  We also review how global strategic petroleum reserves are being tapped as a stopgap measure, which specific facilities were hit and why it matters, and why U.S. natural gas prices have so far been shielded from the chaos overseas. On the home front, we also cover a...

In mid-March 2026, the Trump administration announced the largest single-country release of emergency oil reserves in history — 172 million barrels — as part of a coordinated 400-million-barrel release by 32 nations in response to the closure of the Strait of Hormuz.

In this episode, we dig into what the Strategic Petroleum Reserve actually is, how it was created, and what the historical record tells us about whether tapping it actually brings down oil prices. We also examine why the reserve is now headed toward levels not seen since the early 1980s, what the "exchange" structure of the current release means for repl...

Besides my Mineral Management Basics Online Course (and this Podcast), there are only a few options out there designed to help you take your mineral management to the next level. In this episode, we walk through the National Association of Royalty Owners (NARO) Mineral Management Program, which is the only professional certification specifically designed for mineral and royalty owners. It's one of the best-kept secrets in the mineral ownership world, and in this episode we lay out exactly how to use it as a step-by-step roadmap — from building a foundation all the way to earning the top designation in min...

In this episode, we answer questions submitted by Greg, James, Greg, Sarah, George, Deborah, and Martha. From Drilled Un-Completed (DUC) wells that seem stalled to inheriting assets you don't fully understand, from IRS estate appraisals to updating an address on a deed, this episode highlights why the details always matter and why knowing the right next step can save you time, money, and stress. Whether you're dealing with one of these issues right now or just want to be prepared when you do, there's something in this episode for every mineral owner.

As...

In this month's news episode, we cover four stories shaping the world of energy and mineral rights right now. From rising oil prices driven by U.S.-Iran nuclear tensions, to the federal government's push to keep aging coal and gas plants running longer than planned, to a Texas family trying something completely new to sell their mineral rights through a sweepstakes — there's no shortage of developments with real implications for royalty owners. As always, we wrap up with the latest Baker Hughes rig count.

Check out the articles and resources mentioned in this episode at mineralrightspodcast.co...

If you own mineral rights and want to get them leased, you may be wondering whether you need to go out and find a landman or if someone will eventually come knocking on your door. In this episode, we break down how the leasing process actually works from the mineral owner's perspective. The short answer is that in most cases, when an oil and gas company is ready to drill in your area, they will hire a landman to find you and negotiate a lease. Like the proverbial needle in a haystack, they will dig through county and online...

If you've ever inherited minerals and received an unexpected document from an oil and gas company asking you to sign something called a "stipulation of interest and cross-conveyance," you're not alone — and you may not have known what it meant or what to do next. In this episode, we break down exactly what these documents are, why operators use them, when you're likely to encounter one, and what your options are if the ownership percentages don't look right to you. Whether you're a first-generation mineral owner or managing an inherited interest that's been passed down for decades, understanding these in...

In this episode, we answer questions submitted by Judy, Mike, Douglas, Greg, Gregg, Celeste, and Mike. We break down tax strategies for inherited minerals, what to do when you discover missing royalty payments from years ago, including statute of limitations issues and how operator changes complicate recovery efforts. You'll hear a success story from a listener who found $375 in unclaimed royalties using my free guide that I send to all subscribers to my email list (fill out the form at the bottom of the page if you aren't already a subscriber!).  We walk through the process for verifying whether a...

In this February 2026 news roundup, we analyze how Winter Storm Ferne disrupted nearly 2 million barrels per day of U.S. oil production and sent natural gas prices to all-time highs, with spot prices hitting over $30/mmBtu. We explore what these dramatic price spikes mean for your royalty checks and why this recovery looks different from the 2021 Texas grid crisis. We also examine the Trump administration's push to streamline oil and gas permitting on federal forest lands, Greenland's emerging role as a strategic mineral hub, and what flat rig counts signal about the industry's cautious approach to increasing production despite...

When U.S. forces captured Venezuelan President Nicolás Maduro in January 2026, headlines focused on the country's massive oil reserves—reportedly 303 billion barrels, the largest in the world. But as we dig deeper into the technical realities of Venezuela's extra-heavy crude, the crumbling infrastructure, and the geopolitical chess match unfolding in our hemisphere, a different story emerges. While Energy Secretary Chris Wright told oil executives that Venezuela could increase production by just 300,000 barrels per day in the near term—barely a blip in global markets of 106 million barrels daily—China has been building satellite ground stations, selling military hardware, and usi...

In this episode, we answer questions submitted by Nathan, Lisa, Bill, Tina, Rose, Linda, and David.  From dealing with an unresponsive Oklahoma producer who won't pay royalties and won't return calls or emails—a frustrating situation many owners encounter, to what to do when you receive an unsolicited offer to sell your minerals and how to know if it's a fair deal, to lease negotiations and fair lease language, specifically around pugh/retained acreage clauses. These are practical, real-world issues that could save you thousands of dollars if you know how to handle them correctly. Listen to the full epi...

The lithium boom sweeping across U.S. oil and gas fields promises transformative new revenue streams for mineral rights owners, but the economic reality behind Direct Lithium Extraction projects tells a far more complicated story than the headlines suggest. In this episode, we break down the actual numbers from Standard Lithium's Southwest Arkansas project—including the staggering capital costs, projected timelines, and the critical price assumptions that determine whether these ventures will ever generate royalties for mineral owners. If you own minerals in the Smackover Formation or any region being targeted for lithium extraction, you need to understand these ec...

Happy New Year!  In this month's news episode, we cover several important developments affecting mineral rights owners and the broader oil and gas industry (of course the elephant is the room is the capture of Nicolas Maduro but that happened after we recorded this episode, so stay tuned to next month's news episode for our analysis of those events and how they could affect the oil markets). 

This month's discussion ranges from a new federal mineral auction platform that mineral buyers should bookmark, to geopolitical tensions with Venezuela that are creating headlines (but may have limited oil pr...

In this episode, we tackle one of the most overlooked aspects of mineral ownership: organization and communication with your heirs. Whether you have a small mineral interest or manage a complex portfolio across multiple states, proper organization isn't just about neat filing—it's about preserving your family's financial future and preventing costly mistakes after you're gone. We explore practical systems for documenting your mineral assets, strategies for having productive conversations with family members about your holdings, and critical warning signs that indicate your estate plan needs attention. From simple spreadsheet templates to comprehensive documentation strategies, this episode provides a ro...

In this episode we answer questions submitted by @josephlong2991, Maria, Stephen, @robwilliams3602, Susan, Bob, and Wesley ranging from finding shut-in wells in Texas using the Railroad Commission's inactive well aging report, advice on ownership structures and why S Corporations are not common with mineral ownership, payment disputes and division order challenges, royalty payment verification, pooling agreements in Texas, and more!

As always, the links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this month's news episode, we examine the latest developments affecting mineral rights owners as 2025 draws to a close. The discussion centers on how major geopolitical events and infrastructure developments are shaping energy markets heading into 2026. Natural gas continues its strong performance driven by surging demand from data centers and LNG exports, while oil prices face downward pressure from increased global supply and potential peace agreements that could bring Russian crude back to international markets. The episode provides you with context for understanding how these macro trends translate into production decisions and royalty payments in the months ahead. As...

In this episode, we review probate requirements for inherited mineral rights: when they're needed, multi-state complications, and how proven strategies like trusts or LLCs can help you avoid them entirely.

As always, this information is being shared for informational purposes only and should not be construed as legal, financial, or tax advice.  Be sure to contact a qualified attorney to help you make the most of an inheritance situation.

Links to the references mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

Many mineral owners face a common challenge: they have substantial wealth tied up in mineral rights, but their monthly royalty income has declined significantly as wells age and production drops.

In this episode, we explore when it makes strategic sense to sell portions of your mineral portfolio to create more stable cash flow, reduce concentration risk, and diversify into other asset classes like a rental property. We discuss how to identify which properties are at peak value and therefore ideal candidates for sale, the mechanics of 1031 exchanges that allow you to defer capital gains taxes, and practical...

In this episode, we answer questions submitted by Roy, Nancy, Donna, @MadamPickles (via YouTube), Tom, Mark, and Brenda.  From the long-term outlook for Permian Basin production, the complexities of overriding royalty interests, strategies for dealing with offers to purchase mineral rights, understanding when to expect the first royalty check, and navigating the title research process to trace inherited minerals back to specific family members, and more.

Links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.

In this episode, we dive into what is driving the recent downward pressure on oil prices. The Energy Information Administration released their October short-term energy outlook with a projection that caught our attention. They're forecasting that oil prices could fall to $47.77 per barrel in 2026—a 26% decrease from recent levels. That price sits below the $50 per barrel mark that industry analysts often cite as a critical breakeven point for shale profitability.

For those of us who own mineral rights or receive royalty payments, this forecast has real implications worth understanding.  Be sure to listen to the full episode to...

In this episode, we discuss the latest developments in the mineral rights and energy world. From an interesting battle over royalties under the Midland, Texas airport, OPEC plans to potentially increase oil output despite demand forecasts weakening, and the latest  developments in the Uinta Basin Railway project in Utah. As always, we wrap up with an analysis of the latest rig count numbers.

Links to the articles and resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.