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 to protect the investment of the drillers, as well as the safety and well-being of people who reside near the drilling site.
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 show the seller why you are the best fit for potential exploration. At Ehrlich Pledger Law, LLP, we have helped many companies in California with the legal side of natural resource exploration.
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 property and assets. At Ehrlich Pledger Law, LLP, we have helped many people to secure beneficial contract agreements that provide protection and clarification.
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 protect their highly valued assets.
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 efforts are still in full swing in California. With the discovery of new potential sites for rigging, an added benefit is created.
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?
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 crude oil has provided. With the wealth of buried riches, many people may wonder why production is not increasing to meet the demand for gasoline.
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 fair share of contract meetings where potential agreements are discussed and negotiated to create advantages for both parties. At Ehrlich, Pledger Law, LLP, we are familiar with the challenges of working in the oil and gas industry in California.
When planning oil and gas transactions in California, many companies, government entities and individuals consider joint operating agreements. According to Chron.com, this type of operational partnership allows them to contribute manpower or other resources to an oil and gas project so it can be completed without the creation of a new entity.
If you own an oil and gas company, you might have a plethora of challenges and concerns, some of which have been gone over on this blog. For example, legal action might arise with a competitor or landowner or you could be dealing with legal issues related to mineral rights. However, we understand that oil and gas companies across California might have other matters to work through, such as an internal dispute. If a dispute has arisen within the company you own, it is essential to approach this disagreement with care and pinpoint the best direction forward for your business and those you employ.