The Annual OK-NARO Convention 2024 was held at the Skirvin Hilton Hotel, Oklahoma City, OK, from May 22nd– May 24th. It was an honor for me to serve as a speaker. My topic was “America’s Energy Global Impact: Embracing The Past & Empowering The Future.” During the convention, It was announced that David A. Guest & Robyn Guest would be co-producers, along with me serving as producer of a short film based on Route 66 and the impact of the Oil & Gas Industry and Royalty Owners. Other speakers and presenters included Scott Manning, OK-NARO President, Jon Corkern, NARO Executive Director, Jared Boehs, CMM, CPL, Bill Shanahan, Energy Rogue, Brian Pieri, Energy Rogue, Martha Barnes, Chance Deaton, Tim Dowd, Ryan Wilson, Kimberly Wurtz, Reagan E. Bradford, John Jones, Fondren Management, and Trait Thompson, Executive Director, Oklahoma Historical Society.
Sponsors Include Martindale Consultants Inc., Mineral Ware, JDub Enterprises, The First National Bank & Trust Co, G. Wilson Consulting, Argent Mineral Management, Leone Energy, IMEC Corporation, and Guardian Mineral Management and Consulting.
NARO has twelve chartered state organizations. NARO-Texas, OK-NARO, NARO-Rockies (serving mineral owners in Montana, Idaho, Wyoming, Nevada, Utah, Arizona and New Mexico) NARO-Arkansas, NARO- Appalachia (serving mineral owners in West Virginia, Kentucky and North Carolina), NARO-Pennsylvania, NARO-New York, NARO-Louisiana, NARO-California, NARO-North Dakota, NARO – Colorado and NARO-Ohio. All chapters provide education, political action and state conventions that bring together friends and neighbors from across the nation to keep them informed and working together on issues of importance to their property. “Naro is the strong foundation of the Oil & Gas Industry it truly makes a difference in America’s Energy future!”
The mission of NARO is to support, advocate and educate for the empowerment of mineral and royalty owners.
The estimated 12.5 million private owners of oil and gas mineral rights in the United States are an integral part of the domestic oil and gas industry. As the “landlords” of that industry, royalty owners play a critical first-step role in the development of their vital assets through an oil and gas lease that assigns the right to drill and produce to an oil and gas operator. In return, they become stakeholders in a drilling venture which may, or may not, become profitable for all parties.
The rights and responsibilities of both parties are defined in the lease contract and by statute and by case law. Frequently, however, those rights are misunderstood by inexperienced owners or ignored and/or overlooked or disregarded by their industry partners.
As owners of a producing mineral interest entitled to a royalty share of revenue, we royalty owners claim the following rights to the principles of equity and fair play and in accordance with lease contracts and law to-with:
- Good faith by all is fundamental to the lease negotiations and contract performance and payment process.
- Royalty owners have the right to be paid according to all terms contained in their lease contract and by law.
- Royalty owners have the right to access information possessed by the operator or payor in order to verify correct payment according to their contract or by law.
- Royalty owners have the right to seek redress if good faith negotiations to correct violations of lease terms fail.
- Royalty owners have the right to be heard in matters regarding oil and gas energy policy, proposed legislation or regulatory issues which would positively or adversely affect their interests.
America Needs America’s Energy & America’s Royalty Owners!
Mark A. Stansberry, Chairman of The GTD Group, is an award-winning author, columnist, film and music producer, radio talk show host and 2009 Western Oklahoma Hall of Fame inductee. Stansberry has written five energy-related books. He has been active in the oil and gas industry for over 44 years, having served as CEO/President of Moore-Stansberry, Inc., and The Oklahoma Royalty Company. He has served as Chairman of the Board of Regents of the Regional University System of Oklahoma, Chairman 2016-2017 of the Gaylord-Pickens Museum/Oklahoma Hall of Fame Board of Directors, Lifetime Trustee of Oklahoma Christian University, and Board Emeritus of the Oklahoma Governor’s International Team. He has served on several public and private boards.
- Mark Stansberryhttps://energiesmedia.com/author/mark-stansberry/
- Mark Stansberryhttps://energiesmedia.com/author/mark-stansberry/
- Mark Stansberryhttps://energiesmedia.com/author/mark-stansberry/
- Mark Stansberryhttps://energiesmedia.com/author/mark-stansberry/
- Mark Stansberryhttps://energiesmedia.com/author/mark-stansberry/
- Mark Stansberryhttps://energiesmedia.com/author/mark-stansberry/
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.