I’m heavy in energy too, biggest holding is ET for over 7 years. I also own mineral rights from Texas land I sold years ago while keeping the rights. Gas wells. The best was when we (I have partners) negotiated $200k from the driller for the ROW to move oil across our property. And we made them go around the edges the long way so we wouldn’t have an unbuildable 50ft strip across the property. The land has since been sold, kept the rights and they’ve have been paying for about 16 years, still producing well, they’ve re-frac’d the best one. My first job was staking wells for George Mitchell in Texas. Great man.
I’ve never had first-hand experience, but I did strike up an acquaintance with one of the towering greats of the midstream business, Dan Duncan. His Enterprise Products (EPD) is one of my biggest positions, going back to its IPO in ‘98. I have a far smaller position in ET.
My latest buy has been a tiny royalty trust out of northern Germany, North European Oil Royalty Trust (NET.) It’s actually natural gas-heavy and the rigs are operated by Mobil.