With our nation's supply of domestic oil and gas reserves in decline, the frantic search for new supplies in previously unexplored areas means some landowners may share in sales proceeds. This short audiobook provides just enough detail that anyone not familiar with the industry can still gain a working knowledge of the process.
If I suddenly find one day that I am now one of the fortunate few who have become a royalty owner, what can I expect?
Yes, companies are required by law to furnish royalty owners with certain information in a prescribed format, yet pitfalls for the unwary often remain.
The author worked in the oil and gas industry for more than 40 years in a variety of capacities. His specialty was in the revenue and royalty disbursement area.
This short article by no means tells you everything that you may need to know concerning what it means to be a royalty owner, but it offers a concise explanation that arms the reader with at least a working knowledge of the basics.
Even if you never expect to be a royalty owner, listen to it to increase your knowledge of the subject. Or, simply listen for entertainment value.
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- Kit "fred"