Why avoid probate? Well, it’s long, it’s costly, and mineral and royalty estates can add some additional challenges, especially if the properties are located in a different state than where the decedent was domiciled. Probate is typically administered where the decedent established their home. The estate is subject to the requirements of that particular jurisdiction.…
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I’m often asked my opinion about anything energy-related. Where are oil prices headed? What about the natural gas glut? How about corn, solar and wind? And the list goes on … The truth is that these are interesting times. Technology has and will continue to give us new oil and gas resources as we get…
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At Legacy Royalties, the process typically goes like this … An oil and gas mineral owner calls or emails and expresses a desire to sell. If the owner is receiving oil royalty checks, we ask for copies of the last 3 check stubs (the attachment to the check listing well names, county, state, oil and…
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Royalty income from an oil and gas lease will be paid so long as a product is produced from the lease. Royalties are a proportionate part of the revenue received from the sale of oil, gas or other materials from a well or lease and paid to the royalty owners based on a lease agreement…
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My oldest daughter was engaged this weekend. Apparently she was surprised as her nails weren’t done the day of … the tell tale sign I’m told! Two years ago I reminisced about my youngest of four leaving for college. It felt hollow. An event forced not chosen. It marked the end of an era, and…
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You may have wondering when you should sell your oil & gas royalties? This is not a simple question. We spend a good amount of time answering simple questions … Why did my payments go down? How do I transfer my interests to a trust? What’s the difference in a royalty versus an overriding royalty?…
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Steve Smith, and his wife, Susan, are fairly new to the Chandler area. Though they have a residence in Tyler, the couple spend a lot of time on their farm in Chandler. While in Chandler, they do shop in the area, and are regulars at Wade’s for seafood. As members of Grace Community Church in…
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Here’s why Producers are Still Pumping at These Prices It’s easy to see how we arrived where we are at with domestic oil supply when you look at the production numbers coming out of North America’s shale oil plays. The production volumes are enormous in some of these areas. Take the Eagle Ford Shale for…
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The New Year is off to a strange start as much of the country is just now starting to feel like winter is finally here. Some parts of the northeast experienced record warm temperatures in December which have not helped to reverse the year-long downward trend for oil and gas prices. Natural gas is currently…
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The Oil Business According To Steve! Chasing Rabbits – Starting A New Chapter Does your mind ever wander? Do certain life events cause you to stop and ponder? Most of my working days are spent talking to oil and gas royalty owners, discussing selling oil royalties, and helping with an occasional oil and gas appraisal.…
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