No. Oil, gas, and timber are natural resource royalties. Both Rental and Royalty Income go on Schedule E, so your 1099-MISC should be entered by going to Federal, Wages and Income and then ''Rental Properties and Royalties (Sch E)'', instead of the 'Other Common Income' section. If you go through this section, you can set up the property information to reflect it as a gas and oil producing property. (See the attached screenshot below. Click to enlarge.)
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