One of the biggest frustrations we hear from owners with oil, gas and mineral assets is a lack of control. At the National Association of Royalty Owners (NARO) Texas Convention, we met with owners from all over Texas and heard a variety of stories from owners:

·      Stories of owners who had closely analyzed the contract with their advisors, redlined edits and then signed the next draft only to learn later that additional clauses were changed.

·      Stories of owners who are drowning in raw data and reports– but lack the information they need to make decisions because the data hasn’t been analyzed and made useable.

·      Stories of owners who know they’re being under paid, but can’t untangle the maze to find out where and by how much.

Unfortunately, these stories aren’t unique to Texas. We’ve heard similar frustrations from owners in OK, LA, NM and all across the country. If you’re looking to have more insight and control over your oil, gas and mineral assets this year, you’re in good company.

Here are a few steps you can take to strengthen your strategy this year:

CHOOSE THE RIGHT ADVISORS

Owners have options with a wide range of support and fees, and a strong advisor can provide security, value add recommendations and reduce the owners administrative burden. Building an experienced team with an attorney, a tax accountant and a mineral management firm can help your year run smoothly. What should you look for in an advisor? Learn more about how to find your advisor fit.

EVALUATE YOUR ACCOUNTS & STRATEGY

Knowing your goals and your current standing is powerful information. An annual analysis will help you identify underpayments before it’s too late to recoup your losses. It will also help you understand how your assets are performing when compared to market data. If you’re currently self-managing your assets, a payment and performance review can provide additional intelligence and confidence.

EXPLORE OFFERS & OPPORTUNITIES

Do you have a contract expiring in the upcoming year? It may be tempting to just renew your contract, but the market has changed since your last negotiation. Making a small investment in updated land reports and an oil and gas negotiator could significantly improve future revenue. What would you gain from an annual 1-2% improvement?

PLAN YOUR LEGACY & BUILD YOUR LEADERS

Oftentimes land is a multigenerational, legacy asset. Your land and the oil, gas and minerals beneath its surface is a component of your story and your future. It isn’t uncommon for a Guardian advisor to support owners as they prepare their successors to take a more active role in the industry.

ASK QUESTIONS

Did you a receive an outlier check that’s more or less than you usually receive? Unsure what a lease clause means or what it entails? Curious about the market, emerging trends or an industry term. Ask. It’s our perspective that since you own the land, you should own the answers too. If your questions aren’t being answered, it’s time to revisit item number one and reconsider if you have the right advisor fit.

 Actionable intelligence and real ownership power aren’t just for owners with large portfolios. We built our firm around our client commitments and believe that owners deserve to be in the driver’s seat with a clear vantage of their oil, gas and mineral assets. Our legacy is simple. We safeguard yours. Looking for more accountability, transparency and control this year? Let’s connect.

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