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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...
Permitting clients to pay on credit is a beneficial way to foster business relationships and increase sales. However, it also comes with risks, such as non-payment or late payments. To mitigate these risks and ensure smooth transactions, follow smart practices when...
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...
Client contracts are as crucial as other agreements a business gets into. These contracts are not only for established companies, startups with a few customers or freelancers should also have client contracts. Like any other agreement, conflict can arise from this...
As a business owner, there are many important things you would be wise to do in order to secure the future interests of your company. From carrying proper insurance to having thoughtfully drafted employment contracts, there are many practical steps you can take that...
If you’re considering buying a property here in Oklahoma, it’s important to know whether there are natural resources underneath it such as natural gas, oil, coal and precious metals. These resources, which could be miles underground, come with mineral rights. These...
The days of running a business with few legal concerns have faded into the ether. Today, the weight of legal worries can be a constant burden for business owners because even a minor complaint can quickly become a costly and time-consuming legal battle. While the...
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,...