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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...
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...
Fracking has become a significant method for extracting oil and gas, particularly in states like Texas and Oklahoma. However, with growing environmental concerns, managing wastewater from fracking is more important than ever. Violating state laws regarding the...
Take-or-pay clauses are quite common in the oil and gas industry, particularly in supply agreements. Essentially, these provisions help sellers create a guaranteed minimum revenue stream. On the other hand, buyers can ensure a secure supply of energy and, in most...
The oil and gas industry in Oklahoma is a major contributor to the state's economy, with well operators playing a crucial role in it. Negotiating contracts is a critical aspect of their business as it sets the terms of their operations. Thus, it is essential for well...
Hydraulic fracturing (fracking) is integral to the oil and gas industry, increasing the country’s oil reserves. However, it also brings legal and environmental issues. Well-operators and property owners in Oklahoma and Texas must follow many rules, environmental...