The ONLY national organization representing, solely and without compromise, oil & gas royalty owners interests.
 The ONLY national organization representing, solely and without compromise, oil & gas royalty owners interests.

Call Us!  1 (800) 558-0557

NARO is volunteer lead by a National Board of Directors
elected by our membership. 

NARO Officers



Jim Souto, MBA, CMM   Wyalusing, PA

   Jim is a charter member of the NARO Pennsylvania Chapter and has earned the Certified mineral Manager (CMM) designation.  He graduated from Penn State University with a Bachelor of Science Degree in Business Logistics and later obtained an MBA from Drexel University.

He is currently the Senior Vice-President/Chief Administrative and Risk Officer at PS Bank where he has worked for the past 20+ years.  He is responsible for all oil and gas activity within the bank.  He has been actively involved with natural gas legislature issues, including large deductions in Pennsylvania.



Vice President: Gary Preszler, North Dakota

Gary Preszler owns and manages a large mineral interest in Billings County, ND .  Mr. Preszler also gained knowledge and experience of the oil industry while working for two North Dakota state agencies.  


Mr. Preszler was appointed the Commissioner and Secretary to the Board of University and School Lands (North Dakota State Land Department) from August 2001 until retiring in April 2010.  As Commissioner, he was responsible for managing North Dakota’s over 714,000 surface acres, 2.5 million mineral acres, and an investment portfolio that at the date of his retirement was in excess of $1.1 billion.   The Department also administered the Unclaimed Property Act.  Prior to serving as Land Commissioner, Mr. Preszler worked in state bank regulation for over 25 years with the last 15 years as Commissioner for the North Dakota Department of Financial Institutions.  In that position he was responsible for the supervision and examination of state-chartered banks and credit unions and was Chairman of the State Banking and State Credit Union Boards.

He graduated from North Dakota State University with a degree in Business Economics. He grew up on a diversified cattle and grain farm in south-central ND.  He lives in Bismarck.  Mr. Preszler is currently the Vice President of the North Dakota NARO chapter.


Corporate Secretary: Janice Bennett Good

Buena Vista, CO
Janice Bennett Good is an engineer, rancher and a member of NARO since 1990.  Janice has managed her family’s Permian Basin and Colorado mineral interest for the past 25 years. She has a degree in chemical engineering and worked for ExxonMobil in the areas of oil and gas reserve appraisals and gas plant fees charged to royalty owners.  In 2001-2003, Janice  established  NARO-Rockies.  She served  as its’ first President and on the Board of Directors of NARO National.   Janice lives in Buena Vista, Colorado with her husband, Bob Good and has two grown daughters.


Treasurer: Ryan Rupert, CPA

Ryan is a graduate of Washington & Jefferson College, where he graduated magna cum laude with a B.A. in Accounting and Entrepreneurial Studies.  He began his accounting career at the global public accounting firm of Deloitte & Touche LLP where he advanced to a senior audit position in firm’s Pittsburgh Assurance & Advisory Services practice.  In 2007, Ryan successfully completed the Uniform Certified Public Accountant Examination and subsequently became licensed to practice as a CPA in the Commonwealth of Pennsylvania.

A Washington County, PA, native, Ryan is the founding member of Rupert Tax & Advisory Services LLC, a public accounting and oil & gas consulting firm tailored to serve individuals, businesses, and oil & gas owners impacted by the region’s ever-evolving shale gas development.  His practice specializes in tax and estate planning, oil & gas management and advisory services, and valuation of oil & gas assets for property owners and investors.

Ryan became western Pennsylvania’s first professional Certified Minerals Manager in 2011.  His wealth of knowledge in the oil & gas industry enables him to successfully serve oil & gas owners impacted by the exploration for and production of natural resources in the Marcellus and Utica shale plays.  In 2013, Ryan successfully completed the Certified Valuation Analyst Examination and is in the process of completing a case study to obtain full certification.

As a mineral owner himself, Ryan’s personal experiences in navigating the complexities of oil & gas ownership make him uniquely qualified and positioned to advise his clients, as well as effectively collaborate with attorneys, financial planners, and other accountants to ensure his clients’ goals are met to the fullest extent possible.


Immediate Past President

Candice Brewer, CMM,

San Angelo, TX 

Candice Upton Brewer is the Director of Operations for the Carr Scholarship Foundation at Angelo State University, President of the National Association of Royalty Owners (NARO), Past President of National Association of Royalty Owners-Texas (NARO-TX), and Secretary of the Royalty Owners and Producers Education Coalition (ROPE).  As the Carr Foundation Director, she manages and is responsible for the mineral and royalty interests owned by the foundation with an annual revenue of approximately $7 million.

She brings to this position a degree in Agriculture from Texas A&M University and is classified as a Certified Mineral Manager (CMM).  Furthermore, she is fifth generation mineral owner and rancher.  Her background, among other things, includes taking part in the management of her family’s ranching operation, as well as assisting her husband with real estate and ranching interest in Oklahoma.

Currently, Candice serves on the San Angelo Chamber of Commerce, San Angelo Desk and Derrick, ROPE, NARO and NARO-TX Board of Directors.  Additionally, she co-chairs the NARO-TX Annual Convention and is an instructor in Mineral Management for NARO. Added professional memberships include Texas Independent Producers and Royalty Owners (TIPRO) and the American Association of Petroleum Landmen (AAPL).

Candice has served as a director and president of numerous other community and charitable organizations and in 2013 she was named one of San Angelo’s Top 20 under 40.  She is a member of PaulAnn Baptist Church and in her spare time she enjoys horses, collecting antiques, a good bible study, and serving others.

NARO Board Members At-Large

At Large: Kellee Sparks Jernigan, MBA Chickasha Ok

A third generation mineral owner, Kellee manages her family’s mineral trust with property located in Oklahoma and Texas.  Kellee has an MBA from Southeastern University in Lakeland, FL.  She is a graduate of the TCU Energy Institute in Fort Worth, TX.  She is enrolled in the Professional CMM Program.   Kellee is “the new generation” and is excited about helping bring her 20-30 something contemporaries into NARO’s membership and assisting in developing the transitional wealth education for our members.


Prior to assuming the management of the family trust, she was the Director in the University Advancement Division of the University of Science and Arts of Oklahoma Foundation, Inc. where she was instrumental in fund raising and event planning for alumni and donors to the USAO Foundation.


At Large: Sandra Niggemeyer, Van TX 

Sandra grew up in a rural town in downstate NY. It was so small it had one stop light (that blinked) and no post office. She went to college in Greeley, CO, never graduated but had a good time. She was a pilot for USAir (she is too short to be a flight attendant) until being furloughed in 1991. She spent the next 20 years globe trotting with an interdenominational missions organization called Youth With A Mission (YWAM)

Sandra is a 3rd generation royalty owner. She manages Lambert Oil and Gas Royalties, a corporation with approximately 400 properties in 5 states: TX, KS, AR, OK, NM, CO. Each property is the size of a postage stamp but it is owned non the less. 2014 began the transition of the business from mother to the eldest of four. Sandra began attending NARO meetings about 6 years ago and earned her CMM in 2016.

Sandra is married with 2 children ages 8 and 11. She resides in Van, TX , a small town with one traffic light that blinks. Ironically her small ranch has 3 oil wells to which she owns no mineral rights.


At Large: David Fenoglio, Montague, TX

David A. Fenoglio was born and raised in Montague County; he is a fourth generation mineral owner, farmer and rancher. He is a real estate investor, private lender and note-mortgage investor.

David is the President of First Republic Investment Corporation, a company that has been in business for over twenty years. David manages family mineral interests in five states. David has proudly served as a Board Member for District 9 of Texas National Association of Royalty Owners (NARO) and a member of the organization since 1990.

David works diligently in the community as a leader and generous citizen, promoting Nocona, Texas and Montague County in several ways as a volunteer. He is a dedicated family man; he has two children and two grandchildren. David is a lifetime resident of North Texas. Some of David’s other passions and positions are serving as Chairman for the Montague County Tax Appraisal Board. He is also Secretary/Treasurer of the Montague County Child Welfare Board and serves on the Board of the Tales ‘N’ Trails History Museum, in Nocona, Texas.

 At Large:
Malissa Blackburn, Shreveport, LA

Malissa has been in the oil and gas industry for 38 years. In her 33 years as Land Manager for Kinsey Interests, Inc. in Shreveport, she currently oversees royalty and working interests in nearly 2,000 wells. The vast number of contacts Malissa has made over the years has proven to be an asset to NARO Louisiana. Being a royalty owner herself, she is dedicated to assisting NARO Louisiana members with their royalty and mineral issues. Malissa has been a member of NARO Texas since 2003 and now has dual membership between Texas and Louisiana. She is also a member of the National Association of Division Order Analysts, National Association of Lease and Title Analysts, American Association of Professional Landmen, Ark-La-Tex Association of Professional Landmen, as well as a past President of the Desk & Derrick Club of Shreveport.

At Large: Patti West, Oklahoma City

Patti is a native Oklahoman and resides in Oklahoma City, OK with her husband, Jim. She is a mineral and royalty owner and has been active in the oil and gas industry as a professional landman since 2007.

Patti is a member of OK NARO, the American Association of Petroleum Landman and the Oklahoma City Association of Petroleum Landman. Patti currently serves on the NARO Foundation Board and the NARO National Board as a member at large and holds certifications as a Professional Certified Mineral Manager and a Registered Professional Landman.

She enjoys helping to educate mineral owners and is committed to the future of NARO and strengthening the CMM and educational programs.



At Large: James Elder, Houston TX

Currently Mr. Elder is Co-CEO of Momentum Minerals, LLC. A private-equity backed royalty and mineral acquisition company with over 20,000 acres across 7 states

Mr. Elder is Formerly the Portfolio Manager for the Apollo Royalties platform under Apollo Global Management LLC, which focused on the acquisition of royalties, minerals and overriding royalties across the U.S. Prior to joining Apollo, Mr. Elder was the CFO at Phillips Energy Partners, LLC from February 2008 to September 2012.

Mr. Elder is currently the Vice President on the national board of directors of The National Association of Royalty Owners. Mr. Elder is also the co-founder and past president of the Louisiana Chapter of the National Association of Royalty Owners.

Mr. Elder graduated from Southern Methodist University in Dallas, Texas with a BA in Economics and received his MBA from St. John's University, New York, New York.

Mr. Elder is a member of the Independent Petroleum Association of America and The National Association of Royalty Owners


NARO Board: Chapter Presidents


NARO-Oklahoma President Rick Howell, Moore, OK

Rick Howell CMM, currently manages family owned mineral and working interests in 100+ tracts located in 8 Oklahoma counties along with a few properties in Texas and Illinois. Most of these interests have been in the family for 60 to 100 years. 


He subsequently started assisting other relatives in leasing and gaining information on activities within their ownership. This has since expanded providing consulting services to other mineral owners as time allows.


He completed the Certified Mineral Manager requirements at the Associate level and then again at the Professional Level.  Rick has taught the CMM Review course and is one of several participating in the update of the course materials.  He is the current Vice President of the Oklahoma NARO Chapter, and sits on the NARO National Foundation Board.  He is also a member of the American Association of Professional Landmen (AAPL).




NARO-Texas President G. Wade Caldwell, San Antonio 
Wade Caldwell's is an attorney whose practice has included a wide range of commercial litigation, and oil and gas law, with an emphasis on representation of mineral owners, heavy equipment dealers, real estate, construction, DTPA and collection litigation, and other complex commercial disputes.

Caldwell has substantial experience in class actions, employment, product liability, antitrust, insurance and bankruptcy litigation. Primary clients have been financial institutions, heavy equipment dealers, mineral owners, and policyholders.

Wade also has extensive trial experience and is the managing partner at BEC.

NARO-Colorado President:
Rob Prentice

Mr. Prentice is an appraiser of mineral rights emphasizing oil and gas minerals.  His firm is Turrett, LLC which is a Colorado-based company.  Turrett specializes in appraising minerals for trusts and estates, assisting with public reporting requirements for securitized oil and gas companies, technical and financial guidance for acquisition and divestiture of properties, preparing purchase price allocations for acquisitions, and expert witness services.  His experience has been primarily in the western and central states of Colorado, Wyoming, North Dakota, Montana, Utah, California, Kansas, Oklahoma, and Texas.

Mr. Prentice holds a B.A. from the University of Colorado (2000) and an M.B.A. from the University of Denver (2007).  He is also a member of the Society of Petroleum Engineers, American Association of Petroleum Geologists, and the Denver Petroleum Club.

NARO-Arkansas President: Terrel Shields,
Siloam Springs, AR

Terrel Shields is a Registered Professional Geologist, and a consulting Geologist since 1973.  He is an Arkansas and Oklahoma Certified General Appraiser. Terrel is the author of several books on mineral and property appraisal.

Terrel has been an instructor for Oklahoma's Oakcrest Appraisal Academy and Vintage Academy in Pennsylvania.  He is a member of AAPG, the Ft. Smith Geological Society, Metro Board of Realtors, the NW Arkansas Appraisal Section.

Terrel is currently the NARO Arkansas chapter President and a resident of Siloam Springs Arkansas.

NARO-Appalachia President:
Valerie Antonette, 

Bio Coming Soon

NARO-Pennsylvania President: Robert Sher

Bio Coming Soon

NARO-Louisiana President:

Paul Vallhonrat, RPL, CMM,
Colleyville TX

Paul is a native Texan with strong Louisiana roots.  He is the 4thgeneration of his family to manage the family mineral and surface rights in Louisiana, Mississippi, Arkansas, and Texas.  Paul assumed management responsibilities in 2011.

Paul joined NARO in 2012 after completing the Petroleum Land Management Certificate Program at TCU.  Soon after joining NARO, he quickly earned his CMM designation.  Paul is currently the Vice President of the Louisiana chapter of NARO.

Paul graduated Magna Cum Laude from the University of St. Thomas in Houston, Texas with a BA in Economics, along with minors in Finance and Accounting.  He is also a member of the American Association of Professional Landmen where he holds the RPL designation.

Paul was employed by Dillard’s Department Stores from 1995 - 2011 primarily in the Industrial Engineering Department of the Distribution Organization.  He currently resides in Colleyville, Texas.

NARO-New York President: Jim Leonard, CPA      

Mr. Leonard’s professional practice primarily consists of natural gas lease and utility scale wind and solar power lease consulting, litigation support, management advisory services, financials and taxation.

Mr. Leonard graduated Magna Cum Laude from the University at Albany with a Bachelor of Science in Accounting degree in 1978. He is licensed to practice as a CPA in New York and Pennsylvania. His work experience began with the firm of Peat, Marwick, Mitchell & Co., (now KPMG) in their White Plains, NY and Stamford, CT offices. He is currently the managing member of James E. Leonard, CPA, PLLC in Endicott, New York.


In 2009, Mr. Leonard co-authored (along with Joseph Bennett, CPA of Cornell University) a course designed specifically for accountants dealing with the complex income and taxation issues of individual mineral rights owners.

Jim is a US Navy veteran. He recently earned his Private Pilot license.


North Dakota President Tony Watterud, CMM

Minot, ND

Tony has over 20 years of financial and business management experience and started with First International Bank & Trust in 2015. He is proficient at Oil & Gas Mineral Management, Estate Planning and Farm management. Tony graduated from North Dakota State College of Science and Minnesota State Community College as well as North Dakota State University programs.  He has completed Cannon training in Certified Financial Planning and is a Certified Mineral Manager (CMM). He is currently the ND Chapter President of the National Association of Royalty Owners (NARO) and serves on their national board. He is also a former board member of the Home-Builders Association of Fargo-Moorhead, and the Home Builders Association of North Dakota.

California President Ed Hazard, CMM

Bakersfield, CA

Born and raised in California’s San Joaquin Valley, Edward S. Hazard and his family are California oil and gas royalty/mineral owners. Ed is one of the founders of the California Chapter of the National Association of Royalty Owners (NARO-CA) and currently serves as its president. His background is in agriculture, banking, finance and real estate management/development. Ed is a licensed California real estate broker and a Certified Mineral Manager (CMM).  Currently residing in Bakersfield, California, he manages his family’s royalty and mineral interests.

He currently serves on the board of directors of the following organizations:

National Association of Royalty Owners-California, Inc., President and Director

National Association of Royalty Owners, Director

Royalty Owners and Producers Educational Coalition, Director

Santa Barbara County Farm Bureau, Director

Santa Maria Valley Historical Society, Director


NARO-Rockies President: Craig Peterson,
Salt Lake  City, UT

Craig Peterson manages DCP Investments, LLC, a family owned company that has been a member of NARO for over thirty years.

Craig has served as one of the original five members on the Board that brought the 2002 Olympic Winter Games to Utah, on the Salt Lake Chamber Board of Directors, on the Salt Lake Board of Health, for the Utah Governor's Office of Economic Development, on the Intermountain Medical Research Foundation,  on the Salt Lake City Downtown Alliance,  on the Department of Commerce District Export Council, Chair of the Expo for the 2007 Rotary International Convention, on the Utah Air Travel Commission, on the Utah Governor's Commission on Literacy, on the Salt Lake Housing Authority, on the board for the Children's Museum of Utah,on the Business Employers Team for Disabilities, and chaired the Utah Job Opportunities Foundation.

Craig has just retired as President of the Days of 47 committee, where he served for twelve years.  The committee hosts one of the largest rodeos and parades in the United States in Salt Lake City.

Craig's youth was spent in the mountains of Utah on his paint horse, then he graduated from Stanford, and did a year of post graduate work at Harvard.  He is a widower after 30 years of marriage, with three children.


NARO Staff

Executive Director
Grant Black

National Development Director
Cynthia Simonds

Member Coordinator
Kelsey Shepard


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   Call Us!  1(800) 558-0557 

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