Oil and Gas
Oil and gas
lease drafting and negotiating
Leasing land to an oil and gas company is an important
transaction with many considerations. Our office works to
ensure that the lease is financially advantageous and
protects the landowner’s property rights.
Buying and selling minerals is largely different than a
standard real estate transaction and requires specialized
knowledge of the oil and gas field in order to properly
appropriate the mineral estate between the buyer and the
It is common for oil and gas companies to pool
relatively small tracts of land into a larger unit. The
process of pooling and the documents involved in the process
can have a significant impact on the landowner’s rights and
the amount of royalty received by the landowner.
Division orders can affect the distribution of royalties
under a pre-existing lease and must be examined to ensure
agreements and licenses
Oil and gas companies use seismic surveys to explore for
oil and gas formations. These surveys can benefit landowners
if the company decides to lease and drill, but the process
can be damaging to land. The agreements need to protect and
adequately compensate the landowner.
A seismic option gives an exploration company the right
to lease land after the conclusion of seismic exploration.
Because of that option, it is important to plan ahead to the
leasing stage during the early seismic negotiations.
A title examination and a proper title opinion are
essential for oil and gas operations, and protect the lessee
from a variety of problems, including unleased mineral
interests and royalty disputes.