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Posts tagged "Oil and Gas Disputes"

How is the value of mineral rights determined?

Ideally, the agreement between a mineral rights owner in California and an oil and gas company to drill a well should be a mutually beneficial arrangement. The oil company has the equipment and expertise necessary to reap the bounty of your estate, and you get a percentage of the profits. According to MineralWise, however, the value of your mineral rights can vary widely on the basis of several different factors, some of which you have little to no control over.

The consequences of an oil and gas dispute

We have focused on many aspects of oil and gas disputes on this blog, such as some of the reasons why business owners find themselves in the middle of a disagreement. As the owner of an oil and gas company, you should also think of the potential consequences associated with a dispute. Aside from financial headaches, you may face serious and potentially long-term complications depending on how the dispute plays out in court. Across the state of California, it is pivotal for oil and gas company owners to be prepared for these setbacks.

What are surface owner rights?

If you own a piece of land in Texas and someone wants to drill for oil on your land, you may get excited about the potential income that may bring. However, before you get too excited, you need to know the rights you have to the property. In some cases, you may only have surface owner rights, which means that oil drilling may not be quite so lucrative.

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 contractual agreement that will detail which party will be responsible for which requirements and their subsequent outcome. Preventing contract disputes is something you must proactively be aware of in order to maintain a functional agreement. 

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 exploration and production are apparently suffering from what may be long-term issues.

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 competition. One of your options is to collaborate with other industry leaders to form a joint operating agreement. Understanding how this type of relationship functions is critical to pursuing an agreement that is rewarding, trustworthy and successful. 

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 outcome. At Ehrlich Pledger Law, LLP, we are experienced in providing oil and gas owners with advice regarding partnerships and contract law. 

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 know exactly what it means or if you should allow it on your property. 

Are your rights to drill for oil on your land in jeopardy?

You own the mineral rights to your California real estate, and as neighboring areas discover oil beneath them, you have begun to think about whether you may want to explore the idea of a well on your property. However, according to InsideClimateNews.org, a recent report has raised a debate about continuing to allow new wells to be drilled. Could it affect your ability to get a permit?

Reviewing some other reasons for oil and gas disputes

We have covered a number of different reasons why oil and gas disputes arise. However, it is vital to bear in mind that there are many other issues that can result in an oil and gas dispute. If you do business in California, these disputes can be very contentious and have a major impact on your company and financial future, which is why they should be handled properly. By recognizing some of the different reasons these disputes take place, you might even be able to avoid a dispute altogether.

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