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Oklahoma has a booming oil and gas industry. It thrives on a complex network of contracts, ranging from joint operating agreements (JOAs) to royalty agreements, that form the foundation for all stages of oil and gas production, from exploration to transportation. For...
The Pugh Clause is important for both lessors and lessees in oil and gas leases. This contractual provision addresses the issue of lease termination and rights to undeveloped portions of the leased land. Here's what you need to know about the Pugh Clause. Its...
Drilling is an essential part of any work in the oil and gas industry. Hydraulic fracturing and well-related construction can be necessary to make these resources accessible and usable. However, before operations can begin, the organization may need to reach an...
When you own a piece of land, you may own more than meets the eye – because you probably have the mineral rights to the property, too. Mineral rights are the ownership interest someone has in the resources under the ground, whether that includes gold, silver, coal,...
Oklahoma has been experiencing some seismic activity normally associated with other parts of the country and the world. One of them, registered at a 5.1 magnitude, was felt in four states besides Oklahoma earlier this month. The epicenter was determined to be near...
Most winter storms don’t get names, but Winter Storm Uri hit Oklahoma and other states in February 2021 with a ferocity that warranted one. Hundreds of people died, and damages were estimated at over $200 billion. As ice and snow blanketed the region, Oklahomans saw...
Mineral rights at a property can sometimes be the most valuable asset someone owns. They may negotiate a lease with the oil and gas company and earn mostly passive income. Oil and gas production remain among the most lucrative industries in Oklahoma. Oil and mineral...
The oil and gas sector in Oklahoma is substantial, with billions of tax revenue being generated every year. This means many people working together in cooperation, but there are also occasions when disputes arise. The following are some of the most common causes of...
Although Oklahoma may not have as many types of minerals as some other states, it is home to various interesting specimens. Mining shiny agates, crystal-like selenites or unique rose rocks can be thrilling and potentially financially rewarding. If you're curious about...
Understanding who has the right to what is crucial in oil or gas investments. The legal nuance of mineral rights can be incredibly complex, and with large amounts of money often at stake, disputes can soon turn nasty. One term you need to understand is a...