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Oil and gas well operators often work to acquire new mineral rights and extract natural resources. Oil and gas well operations have the potential to be lucrative, but they also place numerous demands on business leaders. Compliance with the law is of the utmost...
Anyone who owns mineral rights should ensure they understand how their property can be combined with others for oil and gas development. Pooling and unitization are two ways that this can occur. Pooling refers to the joining of multiple mineral tracts so they can be...
When a well stops producing oil or gas, it can become an orphaned well. These wells pose environmental and safety risks, so the law places clear responsibilities on operators. If you're an operator, you can't ignore an idle well—you're on the hook for managing it...
When oil prices crash, storms shut down rigs or regulators delay permits, many energy companies turn to force majeure clauses for protection. But what happens when that clause doesn't hold up in court? Relying on this reason alone can leave you exposed. Texas courts...
Oil and gas leases are essential contracts in Oklahoma’s energy industry, granting companies the right to explore, drill, and produce oil and gas from a property. These leases can vary in structure depending on the terms agreed upon by the landowner and the lessee....
The Energy Policy Act (EPA) of 2005 has a big effect on oil and gas rules across the United States, including in Oklahoma. This law focuses on increasing energy production while also protecting the environment and public safety. Since Oklahoma produces a lot of oil...
Oil and gas contracts play a crucial role in the energy industry, but disputes often arise due to the complex nature of these agreements. If you’re dealing with a dispute, understanding the different methods of resolution can help you navigate the process more...
Shut-in wells involve more than a temporary pause. If you ignore proper management, you risk fines, lease terminations, or conflicts with regulatory agencies. Knowing the rules helps you stay compliant and avoid costly mistakes. Understand Oklahoma's shut-in...
Tulsa sits at the heart of Oklahoma’s energy economy, which means mineral owners often field lease proposals from exploration companies. A well-structured contract preserves the property’s long-term value while delivering fair compensation. Royalty math and bonus...
An oil and gas lease can prove to be quite lucrative. Yet, the success of one of these leases for a property owner like you will depend not only on the terms of the agreement, but also on your ability to enforce it. All too often oil and gas companies skirt their...