MRP 66: Dormant Mineral Rights. Do Mineral Rights Expire?

08/05/20 • 18 min

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

Justin and I talk about when mineral rights are considered dormant, why this can be an issue, and what states have enacted statutes to address this. Given the decrease in activity across the US due to low commodity prices, it is likely that more acreage will fall into this category. Listen now to find out what you need to do to protect your interests and where you can go to find out more information.

Previous Episode

MRP 65: Behind the Scenes on a Drilling Rig and Why Quality Matters

I'm really excited about this week's episode because we have two really interesting guests lined up for you. Kyle Chambers and Joey Falbo with Texas Quality Assurance LLC join Justin and I to teach us about quality management and why everyone needs to know what it is. In fact, Kyle and his wife Darci host a podcast called the #QualityMatters Podcast where they talk all about quality management and ways to make your life easier at work and at home.

This was a really interesting conversation as we dive deep into how quality management is really important when drilling a well. Joey tells a few stories from his experience working in the field around things like inspecting drilling equipment and why this is so critical in making sure a wells is drilled safely and on-time.

This is important to us as mineral owners because if the operator has an equipment failure that causes them to have to plug the well and it may never get repaired and completed. If the well never produces oil and gas, we don't get paid royalties.

Resources:

I had the pleasure of being a guest on the #QualityMatters Podcast in Episode 70 where we talk about the importance of Continuous Improvement during the downturn in the oil & gas industry and some of my experience with continuous improvement at Shell. Click the link above to give it a listen or listen on your favorite podcast player.

Next Episode

MRP 67: Estate Planning and Mineral Rights

This week we talk about estate planning and mineral rights with attorney Ben Kinney with the Kinney Law Office. There are so many useful tips that we talk about during this episode that I'm sure this will end up as one of our most popular episodes yet. If this episode is helpful, all that I ask is to leave a rating and review on Apple Podcasts or wherever you are listening to this. This is the best way to help us out. Thanks in advance for your help in getting the word out about the show so that others can benefit from this information as well!