If you have the potential to collaborate with other entities and participate in a gas lease, the opportunity may sound incredibly promising when you hear about the potential benefits. However, doing your research before agreeing to any type of contract is imperative...
Can effective contract negotiation prevent disputes?
You have been approached with the possibility of joining forces with another industry leader in California to arrange an oil and gas transaction that has the potential to become extremely successful. One of the first things you will be required to do is to form a...
Proposal aims to tighten restrictions on drilling procedures
While drilling natural resources in California can provide a variety of economic benefits, if regulations are not followed, it can pose an immediate threat to the environment, as well as the people and wildlife that live nearby. As such, regulations are put into place...
Learning how to negotiate can help you make a sale
Whenever you have the opportunity to explore a new area, you are going to have to create a plan for how you are going to get from considering your options to finalizing a sale. In many cases, you will be one of several interested contractors who are going to need to...
Oil and gas service providers may see positive growth
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...