Are you unknowingly passing up five-figure tax savings available right now?

Tait Duryea and Ryan Gibson sit down with oil and gas expert Tim Pawul to reveal why minerals, royalties, and non-operated working interests have become one of the most powerful tools for cash flow and tax strategy. Get ready to understand the real reason hydrocarbons aren’t going anywhere, how minerals function like “underground real estate,” and why non-op wells offer significant first-year tax advantages for high-income earners. Discover how pilots can use this asset class to balance real estate, reduce taxable income, and access institutional-quality deals with transparency and scale.

Tim Pawul is the President of Minerals and Royalties Authority, a leading connector, advisor, and investor in the oil and gas minerals space. With over a decade of experience mapping the institutional evolution of minerals, Tim has become one of the industry’s loudest, most trusted voices. He hosts The Minerals and Royalties Podcast, works with institutional and private investors, and brings unmatched insight into minerals, royalties, and non-operated working interests. His deep industry relationships make him a go-to resource for anyone serious about energy investing.

Show notes:

(0:00) Intro

(1:04) Fossil fuel dependence today

(2:07) Introducing guest expert Tim Pawul

(4:06) How Tim entered the minerals industry

(7:02) Why shale changed everything

(11:12) How minerals became institutional

(19:11) What mineral rights actually are

(32:39) How non-op working interests work

(44:54) Red flags and due diligence tips

(51:32) Outro

Connect with Tim Pawul:

LinkedIn: https://www.linkedin.com/in/tim-pawul-54aa9526/

The Minerals and Royalties Podcast:

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-minerals-and-royalties-podcast/id1502759760
Spotify: https://open.spotify.com/show/2uiMdKFVMq7hWv1EBCDLsI

Learn more about:

Turbine Capital Iron Horse Energy Fund providing 80-85% tax deduction for 2025:

https://turbinecap.investnext.com/portal/offerings/8798/

Turbine Capital Oil & Gas Tax Benefits eBook: https://drive.google.com/file/d/17jUYSuoJGCU2ea4SN6MLgazmp-3LE2Lt/view

Terms not explained during the episode:

ESG = Environmental, Social Governance. ESG stands for Environmental, Social, and Governance, a set of standards used to evaluate a company's sustainable and ethical practices.

AFE = Authorization For Expenditure. A formal document used in the oil and gas industry to outline the detailed cost estimate and approval for a specific project, such as drilling, completion, or reworking a well. It serves as a budget and a project proposal, requiring partner approval before capital is committed and tracking expenditures against the budgeted amount.

G&A = General and Administrative

NAPE Expo: https://registration.expologic.com/registration/types/668F3878-BC35-4659-A750-6491C592938D/3591

NAPE Registration Discount Code: MRA26 to get $75 off

—

Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com

*Legal Disclaimer*

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.