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Companies that operate oil and gas wells often sign leases with property owners and individuals who own mineral rights. The terms of an oil and gas lease usually include the right to access certain areas of the property. Despite an existing lease and the possible...
You built your company from the ground up. Over time, minority shareholders became part of the business. Their presence can be valuable, but it can also raise questions about control. Understanding their rights in Oklahoma is important. Knowing what they can and...
The purpose of an oil and gas lease is to allow a property owner to generate revenue by leasing their mineral rights to a business. When the lease proceeds with minimal issues, the arrangement can be beneficial for everyone involved. Unfortunately, sometimes property...
Commercial litigation often revolves around a breach of contract. This could be a contract between two separate business entities, such as a general contractor and a subcontractor or a manufacturer and a parts and material supplier. In order to show that a contract...
Oil and gas leases are relatively common in Oklahoma. Energy extraction and production rank among the most common and profitable industries in the state. Property owners can make money from their mineral rights by signing leases with oil and gas companies. The terms...
Oil and gas leases are critical to companies in the extraction sector. There are many strategies to acquire the mineral rights necessary to drill on private property. Typically, successful oil and gas companies negotiate lease arrangements directly with property...
Fiduciary duties are a key part of running a business. As an executive, partner or owner, you must act in your company’s best interest. Understanding what counts as a breach is critical. In Oklahoma, courts closely watch loyalty and care in business relationships....
Oil and gas leases allow real property owners to monetize the mineral rights tied to their land. In some cases, oil and gas leases result in active extraction efforts. Other times, the lease simply grants the right to explore and access mineral resources, but...
Companies use contracts to set the terms of deals between them, which is meant to protect both businesses. Each clause in a contract must be agreed upon and complied with. When anything in the contract isn’t followed as stated, the contract is likely breached. ...
Property owners and energy companies in Oklahoma may find themselves at odds. Oil and gas companies may want to use certain land for the purposes of energy production. Meanwhile, private property owners will want to keep their property, which may have been in their...