Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 101

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 3
Chunk 101
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 to us due to a failure of third-party producers to
properly send royalty payments to us, or we may experience delays in payments or mistakes in the amounts sent to us. Further, our
royalty payment amounts may be decrease 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