Regardless of where a person owns land in California, he or she wants to be able to exercise full rights to the surface of the land, and the resources underneath. OilPrice.com notes that the petroleum industry is a major player in the state's economy, employing hundreds of thousands of workers and contributing significantly to California's GDP. Those who own mineral rights expect to be able to cash in on the assets that are legally theirs.
An oil and gas extraction company has approached you and is eager to offer you a signing bonus in exchange for a lease to drill exploratory wells on your California property. The money may be enticing, but what does the lease say? Will you actually benefit from the terms? We at Ehrlich • Pledger Law, LLP, are intimately familiar with state and federal laws regarding oil and gas leases and extraction, and have often assisted landowners throughout the leasing process and beyond.