National Association of Royalty Owners
The Only National Organization Representing Oil & Gas Royalty Owners Interest
Welcome John B. Collier, V, CMM
The New NARO TX President.
It is my great honor to begin the term as your Chapter President. On behalf of myself, the other newly elected officers and the board of directors, welcome to the 2020-2021 year for NARO-TX. I am excited to take the gavel from Wade and look forward to working with all of you during the coming term.
We also voted to approve the Treasurer’s and Audit Report which consists of almost $350,000 in cash and CD’s.
Thank you, Wade Caldwell, who finished his term as President. His leadership led us to several successful conventions, which provided excellent educational programs to our members and essential revenue for our chapter. He collaborated with other organizations to get important legislative items passed, participated in many committees and has written dozens of great articles for ROAR and on the Mineral Rights Forum. Most importantly, his guidance helped maintain a pristine balance sheet. Wade has been a tremendous mentor and I’m happy to say he is staying on the board as Immediate Past President.
We also want to thank Jeff Glass and Benjamin Hall for serving as directors. They decided to step down and pursue other endeavors. NARO-TX has benefited greatly from their contributions and we wish them the very best in the future.
The Legislative Committee has already been busy discussing the 2021 Legislative Session. Be on the lookout for Wade’s article in the next ROAR touching on some of the items we are discussing. It gives me great excitement to be part of a team fighting for changes that will improve the lives of all mineral and royalty owners. We would love to hear from our members with any feedback on the legislative topics we plan to address.
You don’t have to be a board member to sit on a committee and we have several committees that need volunteers. Our committees include membership, legal, legislative, convention, audit, the Charley West Fund, and we are likely to create a new committee for social media. If you have input about topics we should address in these committees and/or you are interested in volunteering, please reach out to us.
With no state conventions due to COVID and a low commodity price environment, NARO’s membership is lower than we were a year ago. We also face a hostile view towards oil and gas like we’ve never seen. The importance to recruit new members and educate others has never been greater. All members are encouraged to participate. Ask your mineral owner friends and family if they’ve renewed their membership or if they have never been a member, ask them to join. If you have a child, grandchild, niece, nephew or know anyone else who may not own minerals today but will one day, please consider sponsoring their membership and get them involved. We need more members from younger generations that will one day take the reins of your family’s assets. The future of NARO depends on them.
Thank you for your confidence in electing me to this position, it is truly an honor and a privilege. I look forward to another successful year and to meeting more of our members. Please don’t hesitate to reach out to me with any concerns, questions, or feedback.
John B Collier V, CMM
This scholarship has been created to remember long time NARO Texas member and Board Director Charlie West’s devotion, dedication and passion for mineral and royalty owners issues. Charlie was a proponent NARO Foundation’s Certified Mineral Manager’s Program. It is the desire of the NARO Texas Board of Directors to honor Charlie by assisting in the education of the next generation of mineral and royalty owners in his name.
1. One year membership to NARO/NARO Texas
2. Complimentary registration to the NARO Texas Convention in year the award is won.
3. Registration paid for enrollment into the Certified Mineral Manager’s program at the Associate Level.
The books recommended by the Certified Mineral Manager’s program, Associate Level.
Amicus Brief on Hyder's Arguments
IDENTITY AND INTEREST OF AMICUS CURIAE TEXAS LAND AND MINERAL OWNERS ASSOCIATION
Texas Land and Mineral Owners Association (“TLMA”) is a statewide advocacy association whose members are farmers, ranchers, and royalty owners. TLMA’s charter is to support a business and legal environment that accommodates the continued exploration for and production of oil and natural gas and also protects the property rights of mineral owners.
The National Association of Royalty Owners-Texas, Inc. (“NARO-Texas”) is a non-profit trade association organized under Texas law, representing a statewide membership of oil and gas royalty owners and landowners. NAROTexas seeks to protect the economic interests and promote the legal rights of oil and gas royalty owners throughout Texas. TLMA and NARO-Texas are paying the fees for preparation and submission of this brief.
Texas Land & Mineral Owners’ Association files this brief in support of the Hyders’ arguments. The lease in question was negotiated by sophisticated parties represented by counsel; the parties exercised their freedom of contract and agreed to modify the general rules regarding cost sharing of post-production costs; the parties in clear and unambiguous language declared that the lessor’s overriding royalty shall be “cost-free;” the court of appeals applied settled rules of construction to interpret the lease and correctly decided the case; and this Court does not have conflicts jurisdiction. In the alternative, if the Court should grant the Petition for Review, the judgment of the Fourth Court of Appeals should be affirmed.
This is one of a long line of cases in which Chesapeake has sought to profit at the expense of royalty owners by unjustified deduction of post-production costs from royalties. Chesapeake is the most aggressive exploration company in the industry in seeking to deduct post-production costs. Its practices have led most recently to a class action RICO suit in Pennsylvania1 and an investigation by the U.S. Department of Justice of its royalty payment practices. Investigative reports published by Pro Publica, the Wall Street Journal and Forbes3 conclude that Chesapeake’s methods have greatly reduced the royalties it pays to its royalty
owners, by an average of 85 cents per mcf – much more than other similarly situated operators. Royalty owners’ suits have been brought against Chesapeake by the Dallas-Fort Worth Airport, the City of Fort Worth, the Fort Worth Independent School District, the City of Arlington, the Arlington Independent School District, the Bass family, and Tarrant County College, among many others. These suits have caused the company to report in its latest annual report that “adverse results in pending cases would cause our obligations to royalty owners to increase and would negatively impact our future results of operations.”
For the full amicus brief, click here
© Copyright 2022 National Association of Royalty Owners