The Minerals and Royalties Podcast
By Minerals & Royalties Council
The Minerals & Royalties Council has been working with Minerals and Royalties companies extensively since 2015, building a network and facilitating peer to peer connectivity for our members. Through The Minerals & Royalties Podcast we connect you to our network. Episodes feature the leading CEOs and Investors in the minerals and royalties space with the ultimate purpose to educate investors on the space. We hope you enjoy!
Kitchen Table War Stories w/ Crosby Shaver - CEO of Blue Darter Energy
Crosby Shaver - CEO of Blue Darter Energy comes onto the podcast to share some of his crazy stories, including a heated minerals deal negotiation with an old family friend & a messy partnership that landed a mineral owner in jail.
September 8, 2021
Philanthropy Series - Ben Samuels & Sky High for Kids
Ben Samuels - CEO of Sourcerock Midstream recently came onto the podcast to talk about his passion for philanthropy and some of the causes he is involved in, including Sky High for Kids, a non-profit focused on raising money for leading hospitals and research centers in their quest to end childhood cancer. If you live in the Midland/Odessa area, be sure to check out their upcoming 2021 Permian Basin Banquet & Sporting Clay Tournament that is taking place September 17-18. To get registered for a ticket, please visit https://skyhigh.salsalabs.org/2021permian/index.html.
September 6, 2021
Steve Hendrickson - President of Ralph E. Davis Associates
Steve Hendrickson - President of Ralph E. Davis Associates, a wholly owned subsidiary of Opportune LLP who is focused on Reserves Engineering & Geosciences recently came onto the podcast. During the episode, Steve walks through his 40+ year career in Oil & Gas and how he got involved in the Minerals & MLP space in the mid-2000s working for Montierra Minerals & Production LP.
August 30, 2021
Minerals & Royalties ORRI Carveouts Webinar Discussion
On June 15th 2021, Minerals & Royalties Council hosted a webinar around the theme of ORRI Carve-outs. Paul Heerwagen - President & CEO of Selenite Energy Partners, Mingda Zhao - Partner at White & Case LLP, Tom Edelman - Managing Partner at White Deer Energy, and Zach Winegrad - Managing Director at Sixth Street Partners joined the discussion to walk through the different types of ORRI structures and the various dynamics at play for investors and E&Ps.
August 25, 2021
Chris Atherton - CEO of EnergyNet
Chris Atherton - CEO of EnergyNet recently came onto the podcast to discuss the evolution of EnergyNet over the last 20 years, trends in the A&D market, and how their team has leveraged proprietary market comps to help achieve an 82% close rate on 2,000+ deals and 1+ billion worth of transaction per year.
July 26, 2021
Darin Zanovich - President & CEO of Mesa Minerals Partners II Returns to the Podcast!
Darin Zanovich - President & CEO of Mesa Minerals Partners II came back onto the podcast to discuss their teams recent exit to Franco Nevada in December 2020, their new partnership with NGP in May 2021, and their latest acquisition in the Louisiana side of the Haynesville in July 2021.
July 19, 2021
Automating the Chaining of Title w/ Ashley Gilmore – CEO of Tracts, Whitney Wickes – COO of Rocking WW Minerals, & Adam Olivier – BD Manager of OneMap Minerals
Ashley Gilmore – CEO of Tracts, Whitney Wickes – COO of Rocking WW Minerals, and Adam Olivier – BD Manager of OneMap Minerals come onto the podcast to talk about the land side of the minerals business and the efficiency gains realized by leveraging Tracts to automate the chaining of title.
July 12, 2021
Jason Hoisager - President of Mustang Ridge Minerals (Former President - Rock Ridge Royalty)
Jason Hoisager former President of Rock Ridge Royalty and President of newly formed Mustang Ridge Minerals joins the podcast. On the heels of the recent combination between Rock Ridge Royalty and Desert Peak Minerals in the Delaware Basin, Jason walks through the Rock Ridge Royalty story and what his team has planned in the future for his next venture, Mustang Ridge Minerals.
July 7, 2021
Ben Barresi (President) + James Sauseda (VP - Engineering) of Cosmos Energy
Ben Barresi (President) and James Sauseda (VP - Engineering) at Cosmos Energy recently joined the podcast. As a family owned minerals and royalties aggregator that has been actively buying minerals in Oklahoma since the 1990s, Ben & James talk about the importance of building relationships and trust with minerals owners over the long-term.
June 24, 2021
MINI-SERIES: "Investor Due Diligence for Minerals Funds" w/ Andrew Rosell, Shareholder at Winstead
Andrew Rosell, Shareholder at Winstead joins the podcast as part of our mini series around “Investor Due Diligence for Minerals & Royalties Funds”. During the episode, Andrew walks through different kinds of fund structures, fund provisions, management fee structures and much much more.
June 9, 2021
MINI-SERIES: "Investor Due Diligence for Minerals Funds" w/ Kim Garber - CEO of CORE-CCO
Kim Garber - CEO of CORE-CCO, a compliance and regulatory consultancy for private funds, joins the podcast as part of our “Investor Due Diligence for Minerals & Royalties Funds” mini series. During the episode, Kim discusses the different types of registration requirements and exemptions that should be considered when raising/operating a private minerals fund. She also walks through the various factors that trigger different kinds of State and SEC level oversight.
June 1, 2021
MINI-SERIES: "Investor Due Diligence for Minerals Funds" w/ Reid Vidrine - Head of Energy at Standish Management
Reid Vidrine - Head of Energy at Standish Management joins the podcast as a part of our Mini-Series around “Investor Due Diligence for Minerals & Royalties Funds”. During the episode, Reid walks through the roles and responsibilities of a 3rd Party Fund Administrator. He also walks through some of the reporting requirements/expectations you can expect across different types of investors and different sized funds.
May 18, 2021
MINI-SERIES: "Investor Due Diligence for Minerals Funds" w/ Roger Crabb - Partner at Scheef & Stone
Roger Crabb - Partner at Scheef & Stone joins us as a part of our new mini series around “Investor Due Diligence for Minerals & Royalties Funds”. During the episode, Roger walks through the various aspects of raising a fund, including the role of registered investment advisors & broker dealers, investment structure, and due diligence check lists.
May 17, 2021
Live Q&A Webinar with Robert Hefner & Tim Pawul
On March 31st, Robert Hefner - CEO of Hefner Energy and Tim Pawul - President of the Minerals & Royalties Council hosted the first rendition of the “Minerals & Royalties Quarterly Q&A Webinar Series” where they answered questions live from Minerals Execs who called into the show. During the episode, Robert and Tim discuss questions around bank debt, IPOs, the size of the Minerals A&D space, and much much more.
April 27, 2021
Chris Phillips - CEO of Phillips Energy
Chris Phillips - CEO of Phillips Energy joins us to discuss his team's journey in the Minerals space. Back in 2006, Phillips Energy became the first ever PE backed minerals company when they joined forces with EnCap, which led to a 10 year partnership across for 4 funds. Fast forward to today, Chris and his team are now back at it as they look to raise institutional capital for their next minerals fund.
April 22, 2021
David Spyker - President & CEO, Freehold Royalties
David Spyker joins us from Freehold Royalties, a publicly traded minerals & royalties company on the Toronto Stock Exchange. During the episode, David walks through Freehold’s expansion strategy into the US, including the recent $58mm transaction they closed across the Permian, Eagle Ford and Haynesville.
April 12, 2021
Chad Stephens - President & CEO, PHX Minerals
Chad Stephens joins us from PHX Minerals, a publicly traded minerals & royalties company on the NYSE. During the episode, Chad walks through his 40+ years of experience in the Upstream space and his teams vision for PHX Minerals going forward.
April 6, 2021
William Malloy, Tyler Leon, & Trent Leon - Managing Partners, Tilden Capital
Trent Leon, Tyler Leon, and William Malloy, the Managing Partners at Tilden Capital join the podcast to discuss their track record in the Permian Basin, including their recent partnership with Pegasus Resources and their current partnership with KKR.
March 30, 2021
Philanthropy Series - Tim Pawul - President of Minerals & Royalties Council Interviewed by Sam Vogel - Minerals Investor
In this episode, Tim Pawul - President of Minerals & Royalties Council flips the script and invites Sam Vogel, a minerals investor to come onto the podcast to interview him so he can walk through his personal journey in philanthropy. During the episode, Tim tells the story of how he and his wife met Bertin Kamuntu in Cape Town South Africa in 2013 and have since set-up the Hope-Joy Kamuntu College Fund.
March 24, 2021
Kitchen Table War Story Series w/ Griffin Haby III & Paden Mckinney, Co-Founders of Mountain Lion O&G
Griffin Haby III & Paden Mckinney, Co-Founders of Mountain Lion O&G return to the podcast to share some of their crazy stories from over the years including: "Lions and Tigers and Bears, Oh My!" "Come up the Holler" "Haby's 'There Will be Blood' Moment" "The Barn House Robbery" "The AR 15 Deal" "Chasing an F6 Tornado"
March 23, 2021
Philanthropy Series w/ Cutler Gist - Principal at Montego Minerals
Cutler Gist returns to the podcast to discuss his family's journey in philanthropy, including Cutler's involvement in Midland's Bush Tennis Center and a heartfelt story about the loss of his son, Michael Mercer Gist and the scholarship his wife and he have set-up at Texas Tech in Mercer's honor. If you are interested in contributing to the Texas Tech Mercer Michael Gist Foundation, then please follow the instructions below. Online Donation: Visit https://donate.give2tech.com// Go to “Search for a specific fund", type in “Mercer”, and then click “Mercer Michael Gist Scholarship Endowment” Check/Cash Mail to: Texas Tech University, Box 41071, Lubbock, TX 79409-1071 (Attn to Mallory Billings) Specify that the gift should be contributed to the Mercer Michael Gist Scholarship Fund.
March 18, 2021
King Crow - Partner, Flatland Minerals
King Crow - Partner at Flatland Minerals joins us to discuss his 40+ year career in finance and why he sees Minerals as such an attractive asset class to invest in.
March 16, 2021
Kitchen Table War Story Series w/ Trey Stanton - CEO of ES3 Minerals
Trey Stanton - CEO of ES3 Minerals joins us to tell a few crazy stories from his years in the minerals space: (1) Blood & Money on Horseshoe Bay - While working a Midland County minerals deal, Trey finds himself in the middle of the seller’s family drama. Although the deal got done without a hitch, things were tense up until the very last moment… (2) The Dairy Queen Deal - Trey tells the story about a leasehold deal he closed back in 2013 with a Rancher in West Texas. After 2 full days of staying at the Ranch, working cattle, and building a rapport with the land owner, Trey figured he had the deal in the bag. Little did he know that something as simple as an ice cream from Dairy Queen would be the thing that saved the deal from falling apart…
March 9, 2021
JD Mann - President & CEO of Warrior Oil & Gas
JD Mann - President & CEO of Warrior Oil & Gas joins us to discuss the different ventures he has started on the Land Services and Minerals front over the years, including his current company Warrior Oil & Gas, which is focused on acquiring minerals in Appalachia.
March 8, 2021
Kitchen Table War Story Series w/ JD Smith - CEO of EnCore Permian
JD Smith joins us to share some of the wild stories he has experienced from over the years, including: "The Adult Toy", "Trapper Tim", "Bombing a Land Services Company Meeting", "The Cougar Story", "The Domino's Delivery Guy", "Beating a Deal to the Courthouse Steps", and "The Coin Flip".
March 3, 2021
Troy Eckard - CEO of Eckard Land & Acquisition
Troy Eckard - CEO of Eckard Land & Acquisition joins us walk through his 30+ year career in the oil patch and how he has managed to successfully raise hundreds of millions of dollars from high net worth investors.
March 2, 2021
Logan Heffner - Partner & VP of Engineering, Rye Ridge Resources
Logan Heffner - Partner & VP of Engineering from Rye Ridge Resources joins us to discuss the Uinta Basin.
February 25, 2021
Stephen Claybourn - OFS Entreprenuer & Host of the BlackGold Podcast
Stephen Claybourn, long time Oil Field Service Entrepreneur and Host of The BlackGold Podcast joins us to discuss the current state of affairs for the OFS space and how some of the trends he is seeing can be leveraged in the minerals & royalties space.
February 23, 2021
Kitchen Table War Stories: Charlie Matter, CEO, CASE Energy Partners
Charlie Matter, CEO of CASE Energy Partners returns to the podcast to share his Kitchen Table War Stories. Hear about a leasing story from a decade ago with a Rancher in Colorado. Find out more about the Minerals & Royalties Council
February 17, 2021
Kitchen Table War Story: Robert Hefner, CEO, Hefner Energy
Robert Hefner returns to the podcast to kick off the new "Kitchen Table War Stories Series" with some wild tales about a rogue employee in New Mexico and a bizarre scenario he came across when pursuing a leasing deal with a landowner many years ago.
February 4, 2021
Brad Rich & Tanner Kyle, Managing Partners, Aunix Energy
Brad Rich & Tanner Kyle join us from Aunix Energy, a private minerals & royalties aggregator that is focused on the Appalachian basin. During the episode, Brad & Tanner walk through the dynamics of minerals buying in Appalachia including cumbersome title, operator behavior, and the unique challenges & opportunities presented by COVID-19.
February 1, 2021
Ryan Strawn - President of Appalachian Mineral Partners
Ryan Strawn joins us from Appalachian Mineral Partners to discuss the dynamics of minerals buying in Appalachia and why his team continues to be bullish on natural gas.
January 15, 2021
Yoann Hispa & Craig Kaiser, Co-Founders of LandGate
Yoann Hispa and Craig Kaiser join us from LandGate, a technology driven online marketplace that is looking to revolutionize the way natural resources are bought and sold in the market by giving buyers and sellers ample amounts of free data and valuation benchmarks.
December 24, 2020
Troy Tittlemier, CEO, MagmaChem Research Institute
Troy Tittlemier is the CEO of the MagmaChem Research Institute. He joins us to discuss some of the findings of the Research Institute and why he thinks they could fundamentally change the way Operators explore and produce oil & gas in the future.
December 23, 2020
What It Takes To Successfully Exit A Minerals & Royalties Portfolio
On October 13th, Nick Varel - President & CEO of Wing Resources, Thomas Aten - General Manager of Grand Valley Minerals, Wade Koehl - CEO of Allegiance Oil & Gas, and KC Stallings - President of Desert Royalty Company cam together to discuss how their teams have managed to execute successful exits across their portfolios over the past few years.
December 20, 2020
Diversification vs Specialization -- Minerals & Royalties Portfolio Strategies
On September 15, Minerals & Royalties Council hosted a webinar around the pros & cons of building a minerals & royalties portfolio around diversification vs. specialization. Derren Geiger - CEO & Portfolio Manager of Cornerstone Acquisition & Management was joined by Kevin Lorenzen - Co-CEO of Momentum Minerals to argue in favor of diversification. Ran Oliver - CEO of Viking Minerals was joined by Jacob Nagy - Co-CEO of Avant Natural Resources to argue in favor of specialization.
December 20, 2020
Minerals & Royalties Podcast with Collin Lensing, COO & General Counsel, Vendera Resources
Collin Lensing joins us from Vendera Resources, a private oil & gas company that that looks to acquire a mix of operated and non-operated WI% along with Minerals in basins across the US. During the Episode, Collin talks more in-depth about Vendera’s strategy and also gives some insight on the current investment sentiment towards oil & gas for endowments and foundations as Vendera continues to raise direct from institutions.
November 3, 2020
Impact of a Trump vs Biden Presidency on Oil & Gas w/ Tom Petrie
Tom Petrie returns to the podcast to discuss the upcoming US Presidential Elections on November 3rd and how a Trump vs Biden Presidency and Republican vs Democratic Senate will affect the Oil & Gas Industry moving forward.
October 24, 2020
Arrowhead Energy Partners
Travis Low, Matt Ritter, and Jim Shuss join us from Arrowhead Energy Partners, a privately funded minerals & royalties aggregator focused primarily on the DJ Basin, Bakken, and Powder River Basin. During the episode, Travis, Matt, and Jim walk through the Arrowhead story and why they decided to launch amidst COVID-19 and the Oil Price War. They also get into the weeds on the DJ Basin and why Arrowhead and their investors continue to be bullish on the DJ.
October 22, 2020
Panel Discussion: Diversification vs Specialization
On October 13th, 2020 a group of leading minerals & royalties Executives gathered to debate the pros & cons of building minerals & royalties portfolios around specialization vs diversification. Arguing in favor of specialization was Jacob Nagy - Co-CEO of Avant Natural Resources and Ran Oliver - CEO of Viking Minerals. Arguing in favor of diversification was Derren Geiger – Portfolio Manager and CEO of Cornerstone Acquisition & Management Company and Kevin Lorenzen - Co-CEO of Momentum Minerals Find out more about the Oil & Gas Council
October 19, 2020
Jimmy Murchison, CEO, Hatch Resources
Jimmy Murchison joins us from Hatch Resources, a private equity backed minerals and royalties company that is focused on the Delaware Basin. Throughout the episode, Jimmy talks about the role of debt financing and hedging in the minerals space along with the strategic reasons his team has decided to have a pure play focus on the Delaware Basin. Find out more about the Oil & Gas Council
October 15, 2020
Matt Sands, Managing Member of Silverheels Investments and Host of The Mineral Rights PodCast
Fellow Podcaster Matt Sands joins us from The Mineral Rights Podcast to discuss how he got into the minerals space back in 2015 and why he saw the need to help educate mineral owners by generating content on his podcast. Find out more about the Oil & Gas Council here
October 5, 2020
Josh Adler, CEO, Sourcewater
In this episode, Josh Adler joins us from Sourcewater to discuss how they are combining regulatory data, satellite imagery, and machine learning in their new DirtWork Alert platform to help minerals companies better detect and predict development activity in the Permian Basin in order to give them an edge on their competition when acquiring minerals. To download the Sourcewater whitepaper on Permian Basin Well Pads vs Permits Predicting Spuds, please click here. To find out more about the Oil & Gas Council, please visit the website.
September 30, 2020
Ryan Childs & Abhishek Kumar, Principals of Production Lending LLC
In this episode we chat with Ryan Childs & Abhishek Kumar, Principals of Production Lending LLC join us to discuss some of the preferred equity and debt solutions that their team is providing to the sub $15mm market for E&P, Non-Op, and Minerals & Royalties companies. Find out more about the Oil & Gas Council here Speaker Bios Ryan Childs Ryan is a Principal at Production Lending, where he is jointly responsible for supervision of PL’s investment program and strategy, as well as overall management of the company. Prior to PL, Ryan spent eight years working in investment banking, beginning in the Financial Sponsors Group at Bank of America Merrill Lynch, where he helped raise acquisition financing for private equity client investments, as well as focusing on advisory services for their portfolio companies. In 2012, Ryan transferred to the Energy Group and moved to Houston, TX where he functioned in the role of Vice President helping to underwrite and execute transactions. In 2014, Ryan transitioned to BMO Capital Markets to focus on upstream companies, working as a Vice President until 2017. During his career in investment banking, Ryan underwrote more than $20 billion in committed financing, and closed more than 35 lead left and advisory transactions with a total value greater than $25 billion. Ryan received his MBA in 2009 from the McCombs School of Business with specializations in Private Equity Finance and Real Estate Finance. Ryan lives in Austin, TX with his wife and three children. Abhishek Kumar Abhishek Kumar is a founder and Principal of Production Lending. He is jointly responsible for supervision of PL’s investment program and strategy, as well as overall management of the company. Prior to founding Production Lending in 2016, Abhishek spent eight years in Energy Investment Banking. During this time he underwrote more than $35 billion in committed financing, and advised companies in the Energy sector on over $15 billion of successfully closed M&A transactions. Abhishek started his banking career in the Energy Group of Wells Fargo as an Associate where he focused mostly on upstream and midstream sector clients. In 2010, Abhishek transitioned to Nomura where he helped raise acquisition financing for energy focused private equity clients and also advised upstream and oilfield services companies on M&A, equity, debt, interest rate and commodity derivatives. From 2014 till 2016, Abhishek worked at BMO Capital Markets as Vice President in the Energy Investment Banking Group where he focused mostly on upstream companies. Abhishek received his MBA in 2008 from the McCombs School of Business and his BS in Aerospace Engineering from the Indian Institute of Technology (IIT) Kanpur. At McCombs, Abhishek was the recipient of Endowed Presidential Scholarship and at IIT Kanpur, he was the recipient of prestigious Nigam scholarship for excellence in academics. Abhishek is also a CFA Charterholder. Abhishek lives in Houston, TX with his wife and two children.
September 22, 2020
Drake Weeks, Partner, Legacy Royalty LLC
Drake Weeks joins us from Legacy Royalty LLC, a private minerals & royalties shop that started buying in the Arkoma Basin back in 2005. Throughout the episode, Drake walks through the rise and fall of SCOOP/STACK over the past decade and why his team continues to be bullish on the Anadarko Basin. Find out more about the Oil & Gas Council
September 18, 2020
Panel Discussion: Aggregation Strategies
On August 25th, Sanjit Bhattacharya – President of Red Stone Resources, Charlie Matter – CEO of CASE Energy Partners, Matt Chisam – COO of Probus Energy Services, Chris Bentley – CEO of Bellatorum Resources, Travis Low - Partner of Arrowhead Energy Partners and Matt Wieszczyk – Managing Member of Par City Holdings got together for a discussion around aggregation strategies across all of the major basins in the lower 48. Find out more about the Oil & Gas Council here.
September 15, 2020
Mackie Cannon, CEO, OneMap Mineral Services
Mackie Cannon joins us from OneMap Mineral Services, a private minerals & royalties company with a focus on the Midland & Delaware Basin. During the episode, Mackie talks about how OneMap’s patient capital enables them to take a longer-term view to mineral ownership, thus enabling them to focus on acquiring undeveloped minerals in some of the best rock across the Permian. Find out more about the Oil & Gas Council, the largest and most influential network of senior oil & gas, finance and investment executives in the world.
September 4, 2020
Scott Noble, CEO, Noble Royalties
Scott Noble joins us from Noble Royalties, a private minerals & royalties company that is backed by Apollo. Throughout the episode, Scott walks through his 35+ year career in oil & gas, including 23+ years in the minerals space. By leveraging his experience from 5 different industry downturns, Scott breaks down the dynamics in today’s current market and explains how Noble Royalties is well equipped to provide solutions for all of the different stakeholders in the minerals value chain.
August 27, 2020
Armand Paradis & Jeremy Gottlieb, Co-Founders, Inside Petroleum
Armand Paradis & Jeremy Gottlieb join us from Inside Petroleum, an energy focused Fintech company that is disrupting the traditional methods of well forecasting and cash flow analysis with their new software platform, ComboCurve. During their previous roles at Statoil and Deep Gulf Energy, Armand and Jeremy became frustrated with the traditional methods, tools, and processes that were being utilized to run reserves & economics analysis. As a result, they left their day jobs to launch Inside Petroleum, where they are implementing all of the features O&G Executives need to operate their companies in today’s fast paced environment.
August 25, 2020
Ahna Mee & Jackie Haney, Co-Founders and Managing Partners, UnionRock Partners
Jackie Haney and Ahna Mee join us from UnionRock Partners, an asset management firm that invests in both NonOp WI and Minerals + Royalties. Throughout the episode, Ahna & Jackie talk about the strategic rationale for having a blended NonOp and Royalties strategy, how they go about underwriting assets in the DJ Basin, and why they prefer building their portfolio through aggregated packages and corporate transactions vs. the ground game.
August 3, 2020
Preston Page, Managing Member, Everest Energy
Preston Page joins us from Everest Energy, a private minerals and royalties aggregator that is focused in the Rockies. During the episode, Preston talks about how his team’s data driven approach has led them to be more successful in smaller & more complex corporate to corporate royalty & ORRI transactions.
August 3, 2020
Brandon O’Gara, Chief Financial Officer, Echo Energy
Brandon O’Gara joins us from Echo Energy, a private minerals and royalties company focused on the MidCon and Permian Basin. Throughout the episode, Brandon talks about how Echo has leveraged an “in-house approach” to scale up the ground game and build a material portfolio that is attractive to their institutional investors. He also talks about the strategic benefits of having patient capital and why minerals should never be on the “shot clock”.
July 15, 2020
Daniel Herz, President & CEO, Falcon Minerals Corporation
Recorded on May 19th 2020 Daniel Herz – President & CEO, Daniel Herz joins us from Falcon Minerals Corporation, a publicly traded minerals and royalties company that is focused on the Eagle Ford Shale. Throughout the episode, Daniel walks through his extensive experience in the MLP space, where he started as a MLP Analyst in 1999 and then later went on to build and sell several Midstream and E&P MLP businesses. Daniel explains the similarities between the minerals & royalties space and the of the early days of the MLP space in the 2000s, and how similar arbitrage opportunities will become available in the market as PE backed minerals portfolios mature over time and need an exit to publicly traded minerals companies.
June 25, 2020
Oscar Torres, Chief Executive Officer, Tower Rock Oil & Gas
Today we are joined by Oscar Torres, CEO of Tower Rock Oil & Gas. After spending 13 years at Royalty Clearinghouse, Oscar left in 2013 to start his own shop with a blended PDP + undeveloped minerals strategy. During the episode, Oscar talks about his teams value driven approach to acquisitions and how their team goes about sourcing opportunities.
June 4, 2020
Robert Hefner, President & CEO, Hefner Energy
Robert Hefner joins us from Hefner Energy, a technology driven minerals & royalties company who is focused on the MidCon. During the episode, Robert discusses the pros & cons of investing in the Anadarko Basin, the difference between stochastic & deterministic modeling, and why active portfolio management is so important for maximizing the value of a minerals portfolio.
May 29, 2020
Tom Petrie, Chairman, Petrie Partners
Tom Petrie joins us from Petrie Partners. During the episode, Tom talks about the Rise of Putin, the US/China trade war, the competitiveness of US shale, and Middle Eastern geopolitics and how they have all played a part in creating the current state of affairs in the O&G Industry.
May 26, 2020
Josh Camp, President & CEO, Perpetual Production
Recorded on April 30th Josh Camp joins us from Perpetual Production, a private equity backed minerals & royalties company focused on the STACK and Delaware Basin. During the episode, Josh discusses the various ways his team approaches mineral buying in order to de-risk underwriting and formulate an information edge.
May 18, 2020
Chris Beato, CEO & Co-Founder, Rocking WW Minerals
Recorded in May 2020 Chris Beato joins us from Rocking WW Minerals, a private minerals & royalties company who is focused on the Powder River Basin. During the episode, Chris leverages his 35+ years experience in the industry to explain why companies need to go back to a “produce out” strategy in order to deliver consistent returns for their investors. Chris also talks about the misconception that investing in minerals is less risky versus investing in E&P and how you need to have a much more sophisticated approach to minerals investing given that you don’t have control of development.
May 13, 2020
Jace Graham, President, Rising Phoenix Resources
Recorded in April 2020 Jace Graham joins us from Rising Phoenix Resources, a private minerals & royalties company who is focused on acquiring PDP assets. During the episode, Jace talks about his team’s approach to the ground game and how they have leveraged some of the best practices and technologies used in real estate investing in order to more effectively identify motivated sellers.
May 6, 2020
KC Stallings, President, Desert Royalty Company
Recorded in April 2020 KC Stallings joins us from Desert Royalty Company, a private minerals & royalties company based in Midland that has been actively buying in the space since 1986. During the episode, KC talks about the ups & downs of investing in the minerals space over the past three decades, the lessons learned, and how their long-standing relationships with their industry peers and investor base have been a cornerstone of their success over the years.
May 5, 2020
Matt Wieszczyk, Managing Member, Par City Holdings
Recorded in April 2020 Matt Wieszcyk joins us from Par City Holdings, a small minerals & royalties aggregator focused in Appalachia. During the episode, Matt explains some of the advantages that smaller aggregators like Par City Holdings have in the minerals space. He also walks through why his team is bullish on Appalachia gas and why futures gas pricing is looking up amidst COVID-19 and the oil price war.
May 4, 2020
Nick Varel, President & CEO, Wing Resources
Recorded in April 2020 Nick Varel joins us from Wing Resources, a private equity backed minerals & royalties company focused on the Permian Basin. In June 2019, Nick sold the portfolios of Wing Resources I & II to Alliance Resource Partners, one of the largest mining companies in the US. During the episode, Nick talks about the resiliency of the North American oil business and why minerals & royalties will continue attracting new types of investors and end-buyers in the upcoming years.
April 28, 2020
Josh Lorenz, President, EnCore Permian
Recorded on April 7th, 2020 Josh Lorenz joins us from EnCore Permian, a private minerals & royalties company who is based out of Midland. Since partnering with Castlelake in 2016, Josh’s team has put ~$300mm to work in the Permian with a blended acquisition strategy of leasehold and minerals. During the episode, Josh explains why now is a great time for family offices and high net worth individuals with $25-$100mm to invest to acquire minerals & royalties portfolios at attractive discounts from PE backed companies who will need to sell their assets over the next few years in order to begin returning capital to their investors.
April 28, 2020
Adam Waterous CEO, Waterous Energy Fund
Recorded in April 2020 Adam Waterous – CEO of Waterous Energy Fund joins us to discuss his theory of “Peak Permian”, which describes current US production levels as unsustainable and grossly uneconomic. During the episode, Adam explains how the emergence of unconventional fracking technology has caused a structural shift in the oil & gas industry, thus leading to the destruction of M&A demand and a call for change in the industry’s current operating and investment models. With the effects of COVID-19 & the Oil Price War in full force, Adam describes how his theory of “Peak Permian” is not only being validated but also sped up.
April 22, 2020
Cutler Gist, Principal, Montego Minerals
Recorded on April 1, 2020 Cutler Gist joins us from Montego Minerals, a 3rd generation family owned Minerals & Royalties shop out of Midland. During our conversation, Cutler explains the fundamentals of using a 1031 Exchange and why they are such an attractive option for real estate investors who want to put money to work in the minerals and royalties space.
April 14, 2020
Derren Geiger, CEO & Portfolio Manager, Cornerstone Acquisition & Management Company
Recorded on April 1, 2020 Derren Geiger joins us from Cornerstone Acquisition & Management Company, a minerals & royalties focused asset manager based in San Diego. Derren discusses how Cornerstone’s strategy is driven by the macro and geopolitical forces in the market. Since inception in 2004, Cornerstone has used hedging, asset sales, and acquisitions at opportune times in the economic and commodity price cycles in order to maximize shareholder value. Derren also talks about how ESG policies, COVID-19, and the Oil Price War are affecting today’s market.
April 6, 2020
Ran Oliver - CEO of Viking Minerals
Recorded on Feb 11, 2020 In the first of our Mineral and Royalties series Viking Minerals, Ran Oliver describes the parallels between real estate and oil and gas minerals and royalties investing. Ran describes the evolution of the space both pre and post-private equity and how they have now executed hundreds of millions of dollars of transactions across multiple basins nationwide.
April 6, 2020
Paden McKinney & Griffin Haby III, Co-Founders, Mountain Lion Oil & Gas
Recorded on Feb 26, 2020 Paden McKinney & Griffin Haby III join us from Mountain Lion Oil & Gas, a privately held minerals & royalties aggregator focused on East & West Texas. Griffin & Paden discuss their strategy and how they have developed a niche around gathering ORRIs over State & Federal leases in New Mexico.
March 31, 2020
Charlie Matter, CEO, CASE Energy Partners
Recorded on March 26, 2020 Charlie Matter joins us from CASE Energy Partners, a family office backed minerals & royalties companies who has put $100mm to work over the past four years with a PDP driven strategy. Charlie discusses the impact that COVID-19 and the Oil Price War are having on A&D activity and how larger buyers will need to get creative in order to continue deploying capital at scale, given the challenges of underwriting undeveloped minerals amidst all of the uncertainty in todays market.
March 30, 2020
Will Cullen, Vice President, LongPoint Minerals
Recorded on Feb 26, 2020 Since 2016, LongPoint Minerals has raised ~$1.7 billion, all direct from LPs such as pensions, insurance companies, endowments, and family offices. Over the past 4 years, they have assembled ~130,000 net royalty acres, making them one of the largest end-buyers in the space. On this episode, Will gives some insight on why many LPs still struggle to make direct investments, the value creation that comes from active portfolio management, and why development timing is such a critical factor to consider when building a portfolio.
March 26, 2020
Marc Zimmermann – President & COO, Royalty Clearinghouse
Recorded on Feb 21, 2020 Marc Zimmermann joins us to talk about Royalty Clearinghouse. An early pioneer of the space they have been acquiring minerals & royalties since 1999. Over a 20 year history they have completed 6,000+ transactions with an emphasis of long-term relationship building. Marc is well placed to discuss the current state of play in the space and talk about how superior customer service and industry partnerships will endure.
March 24, 2020
Darin Zanovich - President, Mesa Minerals Partners
Recorded on Feb 18, 2020 Darin Zanovich of Mesa Minerals Partners is back at it again having previously been a partner of Haymaker Resources who sold for approximately $404 million to Kimbell Royalty Partners. Darin talks about why this is an opportune time for long term investors that are yield driven to enter the space and capture an arbitrage before the public markets mature and the opportunity gap closes.
March 9, 2020