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Mineral rights can be a precious legacy, passed down through generations. However, conflicts over ownership, management and distribution of these rights can quickly escalate into complex trust litigation. In the oil and gas sector, where substantial financial...
If you own property in specific areas, oil companies could approach you about buying or leasing your land for drilling and extraction. How can you get the best offer from them? Evaluating property rights offers appropriately Considering opportunity costs when...
Oklahoma is rich in oil and gas resources, and it is not uncommon for landowners to worry about their property when a company operates nearby. While oil and gas companies may have mineral rights to access these resources, they must do so with respect for private...
Oklahoma is known for its abundant natural resources, with all its counties producing minerals. If you are a property owner, you may be pleasantly surprised to find valuable resources underneath the land you own. This, however, may not mean that you automatically own...
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...