An operator and working interest owner (“Operator”) operates a marginally producing oil well on land subject to an oil and gas lease (the “Lease”) that is well beyond its primary … Continue reading “SHUTTING-IN AN OIL WELL”
Month: March 2010
PROPERTY CODE SECTION AFFECTING SALES OF MINERAL AND ROYALTY INTERESTS
Effective September 1, 1999, the Texas Legislature enacted a new section of the Texas Property Code which affects those who solicit and purchase minerals and royalties by mail, and those … Continue reading “PROPERTY CODE SECTION AFFECTING SALES OF MINERAL AND ROYALTY INTERESTS”
NOTICE OF EXCLUDED INTERESTS AND A TRANSITION AGREEMENT
Kanes Oil and Gas Forms available at www.Kanesforms.com includes forms of Purchase and Sale Agreements, Assignments, Conveyances, and Deeds, all of which can be used in or adapted to a … Continue reading “NOTICE OF EXCLUDED INTERESTS AND A TRANSITION AGREEMENT”
HAVE YOU BEEN ASKED TO SIGN AN EXTENSION, RENEWAL, OR REVIVOR OF AN OIL AND GAS LEASE?
Generally this request will be made when one of the following situations have occurred: 1. There is no production on a lease previously signed and it has or will soon … Continue reading “HAVE YOU BEEN ASKED TO SIGN AN EXTENSION, RENEWAL, OR REVIVOR OF AN OIL AND GAS LEASE?”
CONDUCTING A “LIEN SEARCH”
When examining records in connection with purchasing a lease (either from a lessor or an existing lessee) and preparing a report or an opinion, an important question to be answered … Continue reading “CONDUCTING A “LIEN SEARCH””
COMMINGLING PRODUCTION FROM DIFFERENT DEPTHS
It is not uncommon to encounter situations where the leasehold ownership under a Lease varies, depending on depth. One owner owns depths from the surface of the ground to a … Continue reading “COMMINGLING PRODUCTION FROM DIFFERENT DEPTHS”
THE AMOUNT OF ROYALTY PROVIDED FOR IN A LEASE
The earliest dated oil and gas leases all provided for a one-eighth (1/8) royalty. It is unknown how that fraction was determined, or negotiated between the lessor and the lessee. … Continue reading “THE AMOUNT OF ROYALTY PROVIDED FOR IN A LEASE”
SURFACE USE DAMAGES
As the dominant estate, the owner or lessee of the mineral estate, in Texas, has the right to make use of as much of the surface as is reasonably necessary … Continue reading “SURFACE USE DAMAGES”
