Mineral Owner Survey

Today, many of us fall into one of three mineral ownership phases: leased, unleased, or leased & receiving royalties. 
 
Each of these phases bring their own set of challenges. Many mineral owners are still sorting out the details of a leasing contract. While many of you are sorting out the issues involved when receiving royalties. As website publisher, I want to be sure we are hitting the vital things and developing helpful platforms that meet you where you are and where you will be.   
 
The last survey we did, roughly one year ago, focused on the utilization of the websites . This year we are focusing on the Mineral Owner with our "State of the Mineral Owner" survey.
  
With this survey, we want to ask, "How are you doing?" What are your challenges? What are the benefits? The bottom line is that we want to hear from you and gauge the "State of the Mineral Owner." Begin the survey

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Permalink Reply by Keith Mauck (Site Publisher) on October 3, 2013 at 5:17am

In order to post on the site there's no way in getting around membership. I'll look into your suggestion re making the material viewable without membership.

Permalink Reply by melissa humphrey on October 3, 2013 at 10:13am

Does SYRIA MATTER to ROYALRT OWNERS? IMO the mideast is not in higher risk tahn 3 5 or 10 yrs ago,.

Short answer is no. Mid-east strife goes back to Abel and Cain and will go 2000yrs into the future. Now mid-east OPEC members are dependent on the west for their basic economic wellbeing. None of the larger entities have any choice but to be somewhat pro western and produce oil.

 Syria is a test  for  the Arab Spring, will the west back the rebels and squash the current regime leader, yes a  some pint along the way, either militarily or he will physically oust himself.

Some end-users who can’t take the risk of a major disruption of med-east oil may use forwards or NYMEX or IPE to gain price protection, is IPE Mideast oil or Brent, not sure. Either way that equals extra premium in prices, though hard to quantify. In times of the appearance of high risk, we see appreciation, ie JAN-FEB 2011, 1st hint at Arab sping.  Others who want that risk and take thee other side of the trade.

 

Naturally oil/energy political history kicks out high probably returns to the sellers of the risk, similar to selling insurance. The buyer pays for protection but net in financial terms he loses on average.

 

One has to be able to handle the 1/25 blow-up risk and you need size to match a futures contract (100,000 worth when crude is 100$, though there are minis) but taking downside protection in periods of mid-east volatility is ripe fruit in my opinion/experience.

Artificial premia bleeds out, of course it is only artificial if the straits of something don’t get blocked! Selling call options, with their extra premium may be more attractive.

 

For GAS royalty owners, opinions vary but price hike if we saw early cold or some other bullish feat-- seems to be none in this galaxy – would be a time to consider a ladder of NYMEX NG puts. In mid Dec buy FEB MAR and APR just under the money puts, close out at expiration, win or lose.  Acknowledged, forecasting NG or oil prices with any degree of accuracy for me anyway has odds of success worse than flipping  a coin.

 

Good subject.

 

Permalink Reply by LewisClarku on October 6, 2013 at 3:11pm

I'd love you to have a section to hear from how many folks like my family who have gotten a real lesson regarding Mineral Abandonment Laws in Ohio...If you think just because you have a deed that says you retain the mineral rights to the surface land you sold some years ago....think again!!!!  The current law in Ohio is confusing, criminal and misinterpreted as written.... This coming from lawyers & legislators who created this mess to self serve themselves and their friends.....case in point....how can you have a law where in the course of a sale of a parcel of land the deed specifically and clearly excludes the mineral rights in the sale...it was a condition of the sale and agreed to by the person purchasing the land....and the mineral rights are clearly spelled out in the deed as being retained by the party selling only the surface rights. This is an agreed contract! How is it EVER right that a deed (conditions of the original land sale) which has been passed down within a family be lost simply due to a period of time? What changed??? NOTHING....This happened to my family...the law allows this to happen as long as the a certain periodm of time is reached and the surface owner puts an 8 font size print of a public notice that is posted and buried in the back of some 2-bit local newspaper giving a 60 day notice of abandonment....this is the full extent that is required to notify the person of record who holds the deed.....there is no attempt required to locate the heirs other than post the notice in the back page of an obscure rag newspaper. In our case our family was actually listed in the Public Notice and my family member listed in the posting still lives < 15 miles from Martins Ferry....the newspaper the Public Notice was posted for Belmont County.....and we're listed in the phone book!!! We found that we were loosing our minerals to abandonment from a lawyer in Oklahoma!!! There is something drastically wrong with a law where there is no legitimate attempt to contact the person holding the deedf and the law is biased to the surface owner.....this is an abuse of a law and allows a deed to be broken and mineral rights to be stolen without at least requiring proper title search and written in the form of a certified letter!!! Heck the lawyer in Oklahoma located us with a FedEx notification but the state of Ohio won't.....he sent us a letter and told us about the Public Notice...even included a photocopy of the notice....we had to sign and return 24 hrs and he could apply on our behalf to stop the abandonment and in return he'd get 2/3 of all lease and all royalties.....nice....huh??? Ya'll should be ashamed of yourselves....greed pure and simple.....you sign a contract....honor it or this law needs serious amending requiring a more formal title search and notification.

Permalink Reply by Samuel J. Orr on October 11, 2013 at 4:22am

Well said and I agree with you 100%. Mineral rights are being taken from legitimate owners without due process! I do think that Oklahoma lawyer ripped you off. Stopping the abandonment should have been easy to accomplish at minimal expense. IMHO

 

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