Sadly, my experience with most royalty owners has been that they are arrogant and entitled. Here is an example from a Twitter conversation.
— NARO (@NAROus) January 17, 2014
— NARO (@NAROus) January 20, 2014
“We apologize for nothing.”
8.6 million dollars? Is that all? Is that all it takes to sell out whole neighborhoods and communities? Having worked for a company that audited royalties, I can assure you that you are getting royally screwed.
Edit: Steve Everley said NARO meant 8.6 million royalty owners [repped] not 8.6 million [repped]. Not sure what repped means but the intent of their tweet is clear: Money matters, people don’t.
There are far more surface owners than mineral owners and the anger at fracking’s harm is growing even in Texas. Smart, ethical royalty owners advocate for the surface owners and for better industry practices. Some even give back a portion of their royalties to help in that effort. Sadly, that is not the majority of royalty owners.