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Property with oil and gas rights can be a valuable asset, but legal problems can reduce its value and create expensive disputes. In Oklahoma, mineral rights, existing leases, title problems and environmental concerns can affect what a buyer actually owns after...
Say you’ve found a tract with real oil potential, priced to sell. It feels like a rare opportunity, maybe even a turning point. But the land on the surface and the minerals underneath, including oil and gas, may not belong to the same person. Before you picture...
Oil and gas companies often secure leases from property owners with no immediate plans to erect a well or begin mineral extraction on their property. However, increased demand and other factors may lead to a decision to begin extraction efforts at a property that...
When you evaluate a business deal or property purchase, it may seem reasonable to assume that any past environmental issue stays with the prior owner. In many cases, that is not how the law works. The law can hold you responsible for environmental damage even if you...
People who own mineral rights in Oklahoma are often faced with decisions about their land. One of these is how land should be developed, but this doesn’t always depend only on a single mineral rights owner. The Oklahoma Corporation Commission has the option of...
Companies operating oil and gas wells on private property protect their interests by signing leases with property owners. They may even secure easements to ensure that they have access to the property. For the most part, oil and gas companies operating wells on...
Companies that operate oil and gas wells often sign leases with property owners and individuals who own mineral rights. The terms of an oil and gas lease usually include the right to access certain areas of the property. Despite an existing lease and the possible...
The purpose of an oil and gas lease is to allow a property owner to generate revenue by leasing their mineral rights to a business. When the lease proceeds with minimal issues, the arrangement can be beneficial for everyone involved. Unfortunately, sometimes property...
Oil and gas leases are relatively common in Oklahoma. Energy extraction and production rank among the most common and profitable industries in the state. Property owners can make money from their mineral rights by signing leases with oil and gas companies. The terms...
Oil and gas leases are critical to companies in the extraction sector. There are many strategies to acquire the mineral rights necessary to drill on private property. Typically, successful oil and gas companies negotiate lease arrangements directly with property...