Leased and Producing
Producing mineral rights require constant management. If you are a Mineral Owner under lease and currently receive monthly revenue. The articles below will help you with everything from understanding taxes to how to read your royalty statement.
Oil & Gas Measurement – Explanation of how oil and gas is measured at the lease and how it relates to payment for royalty owners or mineral owners. Defines MMBTU, MCF, BBL and more.
Royalty Management – Explains how to manage oil and gas royalties. Covers topics like mineral rights fragmentation and estate cleanup.
Royalty Statements – Learn how to read and understand your oil and gas royalty statement. Explains terms like decimal interest, deductions, MCF, and BTU factor.
Surface Rights – Learn the basic differences between surface and mineral rights.
Volume Verification – Short article explaining how oil and gas royalty owners can verify their oil and gas production. Includes links to free state verification
Royalty Taxes- Explains the tax on royalty and how these relate to mineral rights and royalty owners. See the articles below for additional detail.
Oil Severance Tax – A detailed explanation of the oil severance tax.
Gas Severance Tax – A detailed explanation of the gas severance tax.
County Ad Valorem Tax – Learn what it is and how/when it applies.
Depletion Allowance – Learn about this royalty tax saving strategy.
Income Taxes – Basic guidance for navigating your federal income taxes.
1031 Exchange for Mineral Rights – Learn what qualifies, how it works, and the benefits.
What is Fracking? – Hydraulic Fracturing defined through the eyes of a mineral owner.