The Minerals and Royalties Podcast

The Minerals and Royalties Podcast

By Oil & Gas Council
The Oil & Gas Council has been the first to work extensively with royalties and minerals companies, starting 5 years ago. Adding to existing discussions and One2One networking, we are delighted to announce the launch of our podcasts featuring interviews with the CEOs, CFOs and VPs of royalties and minerals companies and their investors across North America.
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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.
1:06:27
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.
40:02
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.
51:10
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.
1:06:27
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.
45:09
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.
57:08
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.
35:25
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.
33:10
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.
35:41
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.
41:24
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.
29:07
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.
1:11:00
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.
30:14
April 14, 2020
Chris Bentley, President & CEO, Bellatorum Resources
Recorded on February 10th, 2020 Chris Bentley joins us from Bellatorum Resources, a privately held minerals & royalties aggregator who is active in Texas.  After spending 14 years in the Marines, Chris transitioned into the minerals space and launched Bellatorum Resources in 2016, which now has a portfolio of ~$30mm in assets under management (AUM).  During the episode, Chris discusses Bellatorum’s “velocity of capital” approach to portfolio management and how aggregators like themselves bring value to investors & larger end-buyers in the space.
26:10
April 9, 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.
49:36
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.
29:53
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.
42:25
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.
44:12
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.
51:22
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.
25:39
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. 
25:02
March 9, 2020