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During the business formation process, or during a business transaction where you are buying a company from someone else, it pays to think carefully about the business structure that you want to use. The way that you set your company up can have a significant impact...
Oil and gas well operators often work to acquire new mineral rights and extract natural resources. Oil and gas well operations have the potential to be lucrative, but they also place numerous demands on business leaders. Compliance with the law is of the utmost...
Anyone who owns mineral rights should ensure they understand how their property can be combined with others for oil and gas development. Pooling and unitization are two ways that this can occur. Pooling refers to the joining of multiple mineral tracts so they can be...
Due diligence is a key process when buying a business in Texas. It involves thoroughly investigating and evaluating all aspects of the business before making a final decision. This process helps the buyer understand the true value of the business and any potential...
When employees leave a company, they take their skills and knowledge. Sometimes they also take private business information. Such departures can quietly threaten your company's competitive edge. It becomes a nightmare if confidential data falls into the hands of a...
In Oklahoma, legal disputes often fall into two main categories: contract claims and tort claims. While both involve wrongdoing, they arise from different legal duties and have different requirements for proving a case. Understanding the difference can help determine...
Facing a fraud accusation in a business dispute can disrupt your operations and reputation. However, proving fraud requires specific legal elements, and there are several defenses that may apply based on the facts of your case. Lack of intent to deceive Intent is a...
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...