Zebra Smash - Real Financial Planners | Real Conversations

Episode 14 - There Will Be Blood - The Oil Episode [CFP CE Credit Eligible]

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Synopsis

(Ready to take the CE quiz?  Head over to www.cheetahsmash.com...) Remember that song by Alabama called "If You're Gonna Play in Texas (You Gotta Have a Fiddle in the Band"?  No?  Well we recommend it.  We're not quite sure why a band called Alabama is singing about Texas, but that's a topic for another day. In any case, it's a similar story if you're gonna be a financial advisor in Texas.  You gotta know about oil and gas.  And now that the shale boom has spread across the nation, this topic is going to be important in most other states as well. Disclaimer: This episode is 100% free of legal and tax advice.  As far as we know, there's no insurance or medical advice either. Covered In This Episode We got a ton of help from a brilliant book called Money In The Ground.  We link to it below.  If you have an office library, we recommend having a copy just in case. Mineral vs. surface rights Components of an oil lease Royalty vs. working interest Intangible drilling costs, including our nominee for the most obscu