Oil company contract service providers in California and elsewhere in the United States have had to adjust their expectations for growth, and many now struggle in the market. Nasdaq points out that those who provide support to energy companies focused on...
Understanding your contract and preventing disputes
You have recently discovered a promising opportunity to initiate a new oil exploration effort in California. This will require you to coordinate and implement a contractual agreement that will protect your rights, as well as the rights of the landowner and his or her...
Tips on negotiating an oil and gas lease
Oil and gas leases can be complex documents. Proper negotiation is crucial in this case to ensure a lease is legally binding but also reflects your best interests. MineralWeb.com offers the following tips in this case, which can help mineral owners in California...
Can your company benefit from a joint operating agreement?
As you are probably aware, the oil and gas industry can be a highly lucrative business to be involved in. As one of the many competitors in California, one of your biggest challenges will be to strategize and come up with creative ways to stay ahead of your...
The number of oil exploration rigs is increasing in the U.S.
The exploration of oil and gas has played an integral role in establishing an impressive economy in the United States. Without access to these natural resource, everyday life would be significantly more complicated. What many people may not realize is that exploration...
Understanding the nature of your joint operating agreement
Recently, you have decided to explore your options with joining forces with other owners of oil and gas royalties in California. One of your options is called a joint operating agreement and if pursued the right way, could potentially result in a wildly successful...
How can a surface damage clause protect your property?
You want to be able to benefit financially from the rich oil deposits under your California property, but you do not want the beautiful land around your home destroyed. Is there anything you can do to enjoy both the surface beauty and the riches underneath?According...
Fewer wells drilled despite state’s continued dependence on oil
Owners of wells and real estate rich in minerals in California appear to have many advantages thanks to the state's massive underground reservoirs of oil. The state's economy and many of its individual and corporate residents have relied on the bounty that mining...
What is hydraulic fracturing?
If you own land in California, you may at some point be approached by a company wanting to drill for oil or gas. Some companies may pitch the idea of hydraulic fracturing, or as it is more commonly called, fracking. While you have probably heard this term, you may not...
Factors that could complicate your effort to create new contracts
Whether you have been involved in the oil and gas industry for decades or are relatively new to the scene, you have probably noticed that the process of finding, extracting and selling natural resources is highly competitive. You have probably been involved in your...