1031 exchange oil

Dear 1031x: I noticed on your web site that it's possible to exchange  working or royalty interest in oil or gas production for real estate.  Can  one exchange real estate (apartments, etc) for working or royalty  interests in oil/gas production?

Dear R: Royalty interests are also known as mineral interests.  They are perpetual and transferred by deed.  As such they are real estate and therefore "like kind" to other real estate.  Working interests are less clear as they are more contractual in nature.  We are working to supply oil and gas interests as replacement property.   Sincerely,

Steve Hickox
Attorney / President