Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 122

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 4
Chunk 122
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 the amounts sent to us. Further, our royalty payment
amounts may be decreased due to declines in production levels on properties in which we have mineral and royalty interests or changes
in supply and demand levels for oil, gas, and natural gas. Our royalty interests may also be impacted by negative market and trade conditions
that may affect the demand for oil, gas, and natural gas, which would impact prices for those commodities. We may be impacted by actions
taken by the members of the Organization of the Petroleum Exporting Countries (“OPEC”) and Russia that affect the production
and pricing of oil, as well as other domestic and global political, economic, or diplomatic developments, including regional supply and
demand factors and delays of production that may be caused by governmental or state orders, rules, or regulations that impose production
limits on such acreage including federal, state, and legislative initiatives relating to hydraulic fracturing. Our royalty interest payments
may be decreased due to risks related to climate change. Restrictions on the use of water, including limits on the use of produced water
by operators and a moratorium on new produced water well permits recently imposed by the Texas Railroad Commission in an effort to control
induced seismicity in the Permian Basin could affect our royalty payments. Future royalty revenue may also be affected by significant
declines in prices for oil, natural gas, or natural gas liquids, which, if significant, may require significant impairment of our royalties.
Third party operators may be impacted by changes in U.S. energy, environmental, monetary and trade policies and conditions in the capital,
financial and credit markets, including the availability and pricing of capital for their drilling and development operations, or they
could face changes in availability or cost of rigs, equipment, raw materials, supplies and oilfield services, or a lack of or disruption
in access to adequate and reliable transportation, processing, storage and other facilities impacting operators, including severe weather
conditions and natural disasters.

Our
business model is to partner with or acquire other companies.

We
aim to find energy businesses whose products, managers, technology, or other factors that we like and then acquire or invest in those
businesses. While we are open to investing in a diverse portfolio of entities across the energy sector, there is no certainty that we
will find suitable partners or that we will be able to engage in transactions on advantageous terms with the partners we identify. There
is also no certainty that we will be able to consummate future transactions on favorable terms, or any new transaction