Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 79

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 79
---
 purchase, average daily production in the last six months was approximately 5,252 BBLs and 5,580 MCF.
    Transfer of title to oil, gas, and mineral royalty interests and other interests in the name of Mentor Capital, Inc. was recorded
    on April 3, 2025 in Howard County, Texas by a certain Mineral and Royalty Deed effective March 1, 2025. Therefore, royalty payments
    owed to the Company commenced and were recognized as of March 1, 2025. The Company estimates that this first royalty payment will
    be received by the Company in or around August 2025.

    ○
    On
    March 25, 2025, Mentor Capital, Inc. purchased an overriding royalty interest of approximately 0.06% in seventy-one (71) producing
    oil and gas wells in a nearly 3.5 square mile pooled horizontal drilling project located in the Permian Basin situated in Martin
    County, Texas from Gatorex Holdings, LLC, a Texas limited liability company, for a total acquisition cost of $720,690. Prior to the
    Company’s purchase, average daily production in the last six months was approximately 16,572 BBLs and 37,496 MCF. Transfer
    of title to overriding royalty interests together with all interests in any units, bonuses, rents, royalties, and other benefits
    which may accrue in the name of Mentor Capital, Inc. was recorded on April 9, 2025 in Martin County, Texas by a certain Assignment
    of Overriding Royalty Interests effective April 1, 2025. Royalty payments owed to the Company commenced and were recognized effective
    April 1, 2025. The Company estimates that this first royalty payment will be received by the Company in or around September 2025.

    ○
    As
    of March 31, 2025, Mentor Capital, Inc. purchased royalty interests of approximately 0.050099% in forty-one (41) producing oil and
    gas wells in the Permian Basin situated in Martin County, Texas from Maven Royalty 2, LP, a Delaware limited partnership, for $588,229.
    Prior to the Company’s purchase, average daily production in the last six months was approximately 15,734 BBLs and 20,645 MCF.
    Transfer of title to all oil, gas, and associated liquid