Family Minerals and Royalties

Category: Family Minerals and Royalties

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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 […]

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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 […]

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Mineral And Royalty Management: Landman, Lawyer, Or Trustee?

Start managing minerals and royalties with Venergy Momentum, a company known for having an A+ rating with the Better Business Bureau and 5-star reviews on Google. We offer a wide range of services that are tailored to your specific needs in the complicated world of minerals and royalties. Explore Venergy Momentum’s services or schedule a […]

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A Landman’s Expert Insights On Mineral And Royalty Management

The distinction between in-house and independent landmen is pivotal for anyone engaged in Texas mineral rights. In-house landmen are integral to their firms, focusing on the company’s interests while  independent landmen operate with broader networks and play a crucial role in advocating for their clients, particularly in negotiating mineral rights in Texas. Their ability to […]

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“My minerals have been in my family for generations, I’m hesitant to sell.”

I talk to a lot of mineral and royalty owners who feel conflicted when it comes to selling their interests. They have been conditioned to feel as though they should be kept forever and it would be a mistake to sell them. “Never sell your minerals” is just not good advice anymore, especially when you: […]

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Do I really need an appraisal?

Drew is a new owner of minerals and royalties in Karnes County and told me he has heard conflicting stories about whether an appraisal is necessary and wanted to set the record straight on what he should do. I explained to him that first, there are two types of appraisals – Current and Retrospective. Current […]

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How do I know if the offers I’m getting are good?

Roger contacted me to discuss the numerous phone calls he was receiving for his mineral interests in Midland County that he has owned for almost four years. This wasn’t the first time he’s been contacted by a mineral buyer but it’s the first time in a long time he’s been contacted to buy his interests. […]

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How Do I Read My Royalty Statement?

I’m a BIG Big Lebowski fan. If you haven’t seen the movie, this is Walter – a raucous, erratically-tempered bowling nut who has had it with a fellow bowler who broke the rules by stepping over the alley line. He’s frustrated as all get out and won’t stand for it. Ever felt this frustrated when […]

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Landman, Lawyer, or Trustee?

Eeenie, Meenie, Miney, Mo…. In the U.S. it is very common to inherit minerals and royalties from one generation to the next, although they can be transacted, or bought and sold, like any other form of real estate. Those who have become mineral and royalty owners upon inheritance, or as investors new to the business, […]

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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

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 to all my clients. It should be done early and reviewed periodically and certainly not only when end of life decisions need to be made. Over the years I have received countless phone calls from stressed out family members concerned about their family’s assets.

The topics of these calls vary considerably, and some can get pretty interesting, but a lot of the time they start with the fact that they inherited minerals and royalties. They have no idea how much are minerals worth, where the interests are located, and what or how much they inherited. 

Others have also called me in a big shock wanting to know how they can reverse minerals being passed down to some other person besides them!

- Be Proactive To Avoid Issues

Communicating with family members about their plans to transfer assets is of vital importance to prevent family disputes, or worse, legal action down the road. This is especially important if:

  • Mineral and royalty owners have been divorced and step-parents and children are involved
  • Family members are estranged
  • There is a great deal of funds being held in a suspense account after the previous owner has deceased

- Consider A Mediator

Family disputes over asset division can be challenging. Coordinated decision-making becomes crucial, and conflicts may arise if owners have differing opinions on how to manage the family’s assets, like how much should go to whom and from what piece of the pie. Here, an experienced mediator can be invaluable in navigating these sensitive situations to reach a consensus.

Raw minerals and people discussing estate management. Venergy Momentum for mineral and royalty estates.
Mineral And Royalty Estates

- Communication And Organization Is Key

To facilitate a smooth separation process, maintaining open communication and amicable relationships with family members and keeping documents organized are key. Make sure someone trustworthy knows where important documents such as leases, deeds, etc. are kept. Another often overlooked step is to digitize these important documents and also have them accessible to a trusted individual.

- The Necessity Of A Will And Probate

In states like Texas, intestacy laws dictate the distribution of assets when there is no will. This means assets are automatically passed to the spouse and children, which can be streamlined with a clear and probated will. It is a vital step, especially for those considering selling mineral rights in Texas.

If there is not a probated will in place, the process of dividing up the mineral estate can get lengthy, complicated, and expensive.

- No Will? A Professional Landman Can Help

In cases where there is no will, a skilled Landman can facilitate the transfer of assets, offering a more cost-effective alternative to attorney fees and legal proceedings. Oddly enough, it’s been my experience that many attorneys will actually suggest you get a Landman to help instead. They can help in drafting the necessary documents for a property rights transfer, an essential step in negotiating mineral rights in Texas. Despite the fact that this process is common, it needs to be well-planned and overseen by an expert.

2. Financial Diversification

When dealing with oil and gas royalties in Texas, interest owners within a family unit might decide to sell mineral and royalty interests to diversify their financial portfolio in an effort to mitigate risks associated with the exploration and extraction of oil and gas and the volatility of commodity prices in which royalty income is derived from, and to increase the potential for income from other sources. 

- Selling Mineral Rights

There are steps that need to be taken to complete the transfer, or conveyance, of property rights. Depending on your specific case, you may need the following:

  • A title review to find the deeds needed to shift property rights from one family member to another (e.g., general warranty deed, special warranty deed, quitclaim deed, distribution of property, etc.).
  • Affidavits of heirship to prove family history as these could also be used to spell out how the estate should be split

If family members decide to sell their share of assets, it’s important they work with a trusted professional who is an expert in the area their interests are located and who has a transparent and solid reputation. The Venergy team has a lot of experience, 5-star Google reviews and an A+ rating with the Better Business Bureau. 

Understanding The Process Duration

The time required to separate mineral and royalty assets depends on factors such as organizational efficiency, communication between interest owners and oil and gas professionals, and Operator responsiveness. Another crucial aspect is whether the predecessors had a will and if it was probated, which is particularly important for Texas mineral rights inheritance. 

Venergy Momentum: Your Partner In Family Estate Matters

At Venergy Momentum, we specialize in dealing with family mineral and royalty estates, offering guidance and support throughout the process. Our experience in handling complex family dynamics positions us to effectively manage your family’s assets. It’s important to have a proficient mediator and expert during this process to ensure all parties are satisfied and confident of their ownership standings going forward. 

We can also help with selling mineral rights in the Permian Basin, mineral rights inheritance in Texas, and in many other states including, Louisiana, Colorado, and North Dakota. Check out our services and set up a complimentary consultation or email me directly at [email protected].

Services We Offer:

Hours of Operation:

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

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Reach Us

Phone: (713) 855-9548

Questions?: Schedule a Consultation or Email us

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