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The oil and gas industry is highly competitive. Yet sometimes it is best to work with a competitor, rather than against them. Working together may mean that you can extract oil or gas that neither of you could do alone. Companies use farmout agreements when one party...
When you own mineral rights in Oklahoma, you have the option to either sell or lease those rights to oil companies or investors. Leasing is a common choice, but some may sell their rights instead. If you decide to sell, it's crucial to consider the various factors...
Oklahoma boasts a rich Native American history, diverse landscape and abundant natural resources. With all 77 counties in the state producing minerals, property owners may find that they own more than just a piece of land if valuable resources are beneath it. However,...
The oil and gas industry has multiple ways to account for properties used for various purposes. Defining their ownership interests is crucial, especially for taxpayers who could own numerous types of interests for one plot of land. These details could affect the...
Property rights can belong to two different parties, especially in resource-rich states like Oklahoma and Texas, where gas and oil play a crucial role in the economy. A property owner might only have surface rights, which is the right to access and use the land to...
Understanding the different types of mineral rights in Texas and Oklahoma can be essential if you're purchasing a lucrative, oil-rich property or handling paperwork for a business partnership where mineral rights are involved. Becoming familiar with oil and gas...