Family Minerals and Royalties

Category: Family Minerals and Royalties

Silhouetted oil pump jacks at sunset, highlighting the importance of royalty rights in Texas

How Do You Inherit Mineral And Royalty Rights?

A lot of my clients are recipients of oil and gas interests unknowingly and they typically find out they own interests only once they start to receive phone calls and letters in the mail from mineral buyers wanting to buy them! It’s funny how life can surprise us, isn’t it?  So, How Did They Actually […]

Read More
Oil pump jack in desert at sunset, highlighting economic potential and mineral rights value.

Unlocking Value: Your Expert Guide To Mineral Rights

Looking for expert advice on mineral rights and royalties? Venergy Momentum is the go-to resource. With an A+ BBB rating and glowing 5-star Google reviews, our team is dedicated to providing unrivaled service in the field of oil and gas mineral rights. Our expertise ranges from valuation to negotiation, meeting the full range of mineral […]

Read More
engineers working at an oil rig

Assessing and Valuing Mineral Rights: A Guide to Mineral and Royalty Appraisals

Mineral rights are not just legal entitlements; they are opportunities to harness the value beneath your land. Understanding the potential of these rights is the first step toward unlocking their true value. We specialize in appraising and managing these unique assets, ensuring that you are fully informed and ready to make the best decisions for […]

Read More
Silhouette of engineer and worker shaking hands in oil field.

Expert Mineral Rights Management Across The US: Venergy’s Guide

An extremely high level of skill and accuracy is needed to handle mineral and royalty management with ease. Venergy Momentum brings this knowledge to the table and offers full services for managing your assets all over the US. Our team of experts is here to help you every step of the way. They know everything […]

Read More
backhoe digging mineral

What Is The Market Value Of Mineral Rights In The Permian Basin?

In the complex field of minerals and royalties, Venergy Momentum is your reliable guide. With an A+ rating from the Better Business Bureau and 5 stars from Google customers, we’re known for our expertise. You can learn more about our knowledge and services. Want to know how much your Permian Basin mineral rights are worth? […]

Read More
An oil pump jack pumps oil from the ground.

Key Advantages Of Selling Your Mineral And Royalty Rights

Looking to sell your mineral and royalty rights? Venergy Momentum can help. Known for our top-notch service and trusted expertise, we hold an A+ rating from the BBB and are celebrated with 5-star Google reviews. Discover how our services can help you make the best decisions for your assets. Ready to learn more? Schedule a […]

Read More
Essential Terms Used In Oil And Gas

The Most Essential Terms Used In Oil And Gas 

Get into the global industry of oil and gas with Venergy Momentum’s full list of common terms used in the field. We strive to help you understand the sometimes  complicated lingo  because of our experience in mineral rights valuation in Texas and our extensive knowledge of Texas mineral rights. Want to find out more? Check […]

Read More

Maximize Your Investment With 1031 Exchanges

1031 exchanges are a smart way for owners of minerals and royalties to delay paying capital gains tax on property sales. This IRS rule lets you put off paying taxes when you trade mineral or royalty interests for other “like” properties that qualify. At Venergy Momentum, which has an A+ rating with the Better Business […]

Read More
An excavator in a mining site.

Help Your Family Divide Mineral And Royalty Estates With Venergy Momentum

Outside of personal preference, mineral and royalty estates may need to be split up or sold off between family members for a number of reasons, but the two most common are for estate planning and financial diversification purposes. 1. Estate Planning Organizing family mineral and royalty estate affairs is a smart action that I recommend […]

Read More
Excavator near factory equipment in a quarry. Earn your mineral rights ownership.

Empowering Your Mineral And Royalty Interests 

I’m Kyle D. Venema, the founder of Venergy Momentum Oil and Gas. Founded in 2014, we specialize in  oil and gas mineral and royalty education and consulting for land, mineral, royalty and non-op working interest owners within key regions, including the South Texas Eagle Ford Shale, Austin Chalk, Haynesville Shale, and the Permian Basin. Our […]

Read More
Name-Icon

Venergy Momentum is a land, mineral and royalty management company specializing in helping individuals, families, family partnerships and/or trusts manage their current land, mineral and royalty interests.

We are experts in title, leasing, and the acquisition and divestiture of mineral and royalty assets and operated and non-operated working interests.

Location

3300 Bee Caves Rd Suite 650 #110,
Austin, TX 78746

A lot of my clients are recipients of oil and gas interests unknowingly and they typically find out they own interests only once they start to receive phone calls and letters in the mail from mineral buyers wanting to buy them! It’s funny how life can surprise us, isn’t it? 

So, How Did They Actually Make Their Way To You?

There are several ways mineral and royalty rights can be inherited. One way is through joint tenancy, which allows two or more individuals to own mineral and royalty rights together. In joint tenancy, each owner owns an equal amount, or 50%. When one owner dies, their 50% share of the rights is automatically transferred to the surviving owner. 

Very similar to joint tenancy, but only available to married couples, is through tenancy by the entirety. In this case, the surviving spouse automatically inherits the deceased spouse’s share of the rights.

It is also possible for mineral and royalty rights to be inherited through a trust or other legal arrangement. For example, an individual may set up a trust to hold their rights and specify who should inherit them after their death. In this case, the trust would be the legal owner of the rights and would distribute them according to the terms of the trust.

However, the most common (and unique) way for mineral rights to be inherited is when a mineral holder dies without a will and their interests are passed down to the next surviving heir, which could be many generations passed. This happens very often and fortunately, we have a lot of experience helping newly inherited owners that have little to no mineral and royalty ownership experience. 

Inherited Mineral Rights

How To Handle Inherited Mineral Rights

If you suddenly find out that you have inherited rights because mineral buyers are calling and offering to buy them from you, the first thing you should do is exactly what you shouldn’t do – don’t agree, do, or sign anything with them. It’s very important that you understand as much as you can about your asset(s), such as:

  • What you own
  • Where it is
  • What’s going on in the area

When it comes to dealing with buyers, the best thing you can do is stay calm, don’t allow yourself to be rushed to sign their offer because it’s very likely that it’s going to be low (even if it’s more money than you’ve ever been offered in your life!). And don’t worry, offers don’t expire right away, as they like to tell you. You have time to see if it’s worth what they say it is, but might want to consider starting to engage in conversations with reputable industry professionals like Landmen who can help you if you are new to owning oil and gas interests.  

It’s imperative that you start to educate yourself on mineral and royalty rights ownership. We have quite a few videos like this one to help get you started.

Drilling rig machine on an oil well. A topic about Mineral and Royalty rights.

Are Inherited Mineral Rights Taxable?

If your assets are producing, you will be liable for paying taxes on minerals and royalties. If you are considering selling your minerals, or have sold your inherited interests, you will need a Retrospective appraisal to determine the basis value of your interests at the time of inheritance. Failure to do so can be a very costly mistake that you do not want to encounter when taxes are due, especially when it is completely avoidable.

Learn the difference between Retrospective and Current Appraisals and which one is right for you.

Be A Responsible Mineral And Royalty Owner

There are many best practices to adhere to when owning oil and gas interests. It is a responsibility that can require significant time and attention and knowing how to manage and treat them as an investment needs to be a priority.

the 5 traits of responsible mineral owners

It is important to seek professional guidance if you are unsure of your rights or the rights of a deceased loved one. An experienced Landman can help you navigate the process and ensure that your mineral and royalty rights are properly transferred according to your wishes. (An attorney can help you too, but their costs will be much higher.)

We can help you understand your newly inherited assets. Our aim is to teach current and new mineral royalty owners everything (or almost everything!) there is to know about mineral and royalty ownership. We have tons of information in our blogs and on our FAQ page. 

You can schedule a complimentary consultation with us so we can discuss your situation in detail. 

Hours of Operation:

  • Mon: 8AM–5PM
  • Tue: 8AM–5PM
  • Wed: 8AM–5PM
  • Thu: 8AM–5PM
  • Fri: 8AM–5PM
  • Sat: 11AM–3PM
  • Sun: Closed

QUICK LINKS

Reach Us

Phone: (713) 855-9548

Questions?: Schedule a Consultation or Email us

Facebook Linkedin Youtube
BBB-logo-horizontal-online-PNG
5-STAR-RATING_TP

©2024 Venergy Momentum –
🚀 Powered by SEOLEVELUP, LLC Website Design SEO Company

Orange-Icon
Logo

Copyright © 2022 Venergy Momentum All Rights Reserved.