Are you living on a land that has oil? If so, you should know your right when it comes to leases.
Review and Revise Oil and Gas Leases!
There is almost never a take-or-leave lease in the oil and gas industry. If a land man or leasing agent, or anybody else puts a Texas mineral lease in front of you and says you cannot change anything, do not sign it. Simply show him to the door. Oil exploration companies understand that most people will sign just about anything, so they begin their offer with a horribly unfair, one-sided lease.
Some mineral owners sign without complaint. Then the oil company, through their land-men, go to work on the tougher customers. They are well aware of the shortcomings of their own leases and fully expect a careful and lengthy addendum to be tacked onto their lease offering, which is more protective of the mineral owner. If you are considering leasing your minerals in Texas and would like a lease review, call an oil and gas lawyer. If an accident has happened on your land and you or a family member is hurt, you need help from an oil field accidents lawyer.
Royalty Amounts Tell You Quite A Bit
The royalty percentage you are being offered tells you a good deal about who you are dealing with. A 20% offer indicates that you are probably dealing with the actual company that intends to explore and drill on your land. An offer at 12% almost certainly indicates that this person will not personally do anything, but rather will seek to find a sub-tenant who will lease from him at up to 20%, thereby allowing this guy to capture the 8% difference. This is not always a bad deal, since it motivates the lessee to hunt around and try to find a real operator and interest them in the minerals. But it helps you understand who you are dealing with. Keep this in mind when speaking with a land man. If you have questions, call an oil and gas or mineral review lawyer in Texas/ The initial call is usually free.
Texas oil and gas lawyers are ready to assist you with your oil and gas dispute or case, whether you are on the offense or defense. When it comes to litigation in the oil and gas industry, the lawyers are ready to aggressively pursue your matter or mount a stanch defense of your rights. You can hire an energy attorney to pry unpaid royalties from a lessee in breach, or an oil and gas lawyer to aid in defending against suit brought by investors or your working interest holder.
Oil and Gas litigation can erupt immediately, as when a deal falls through, or they can come to a boil after years of latency. Discovery can involve complex mineral title issues or be as simple as a breach of a promissory note. Call reputable oil and gas lawyers to assist you with your matter.
A practicing oil and gas law firm can help you with:
- Royalty Disputes
- Hazardous Waste and Pollution Issues
- Breach of Oil & Gas Development Agreement
- Third for a Quarter Agreement Suits
- Vendor Problems
- Casing and other Well-related Issues
- Failure to pay for Oilfield Services
- Drill Stem Testing Fraud
- Many others…
Fight Back Fiercely. The Law Protects Your Rights.
Oil & Gas law is in fact a vast group of legal doctrines and statues devoted to business law in general and issues relating to the oil and gas business in specific, including contract law, landlord-tenant law, employment law, real estate law, and many other statutory and frameworks aimed at oil, gas and energy in general.