Рет қаралды 5,100
Let's talk about managing your oil and gas mineral rights. We will talk about what documents you need to keep, how to organize your files, putting details into a mineral management spreadsheet, evaluating mineral management software, conducting a monthly royalty audit, and finally, if all this is too overwhelming, we will talk about outsourcing the management of your minerals.
Read more about managing your mineral rights at bluemesaminerals.com/mineral-...
DOCUMENTS YOU SHOULD KEEP
* Title Documents (deed, affidavits, probate, etc)
* Oil and gas leases (current and expired)
* Sample royalty statement
* Division Orders
HOW TO ORGANIZE YOUR DOCUMENTS
There are a lot of ways to organize your documents, but we recommend keeping original documents in hanging folders and digital scans in the cloud.
A lot of people organize by legal description:
* State, County
* Section, Range, Township (PLSS States)
* Section, Block, Abstract (Texas)
* Tax ID numbers (more useful in PA, WV, and OH)
MINERAL MANAGEMENT SPREADSHEET
It is a good idea to keep the details in a mineral management spreadsheet. You can make your own or download our free mineral management spreadsheet and modify it to suit your needs.
bluemesaminerals.com/wp-conte...
MINERAL MANAGEMENT SOFTWARE
There a lot of options for mineral management software. It's worth doing a walk through with each company to see what they offer - sometimes this gives you new ideas about how you should be managing your minerals more efficiently.
When evaluating mineral management software, keep the following in mind:
* Document storage
* Visualizing tracts, leases, and wells
* Royalty income and deduction reporting/trends
* Recon (what's happening around your interests)
ROYALTY AUDITS
Each month you should be checking your royalty checks to make sure the decimal interest matches your division order, the deductions are correct, and the volume matches what was reported to your state's oil and gas regulatory agency.
MINERAL MANAGEMENT SERVICES
If all of this is too overwhelming, you may want to consider outsourcing the management of your mineral rights.
SELLING YOUR MINERALS
Some mineral owners prefer to sell their minerals. Sometimes they have no heirs or the know their heirs won't be good mineral managers. If you are interested in selling your mineral rights, we recommend you get offers from multiple companies.
Request an offer for your mineral rights:
bluemesaminerals.com/
Sell your minerals with confidence - Blue Mesa Minerals is accredited with the Better Business Bureau (BBB). Check out our rating at: www.bbb.org/us/tx/plano/profi...