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, energy advisor and corporate development strategist, has been a columnist and contributor for Energies Media since 2014. He is the author of America Needs America’s Energy: Creating Together the People’s Energy Plan and the host of the National Energy Talk podcast. Stansberry served as U.S. Senator Bartlett’s intern/staff member from 1975-76, and led Senators Bellmon and Bartlett’s State Youth Conference in 1976. Stansberry can be contacted through his website.
- 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/
