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Posts tagged "Oil and Gas Transactions"

Fracking may be getting a bad rap

It is very common to hear in media reports and through activist groups about how dangerous and bad fracking is in California. However, the reality of it is that this process may not be anywhere near as horrible as everyone has been led to believe. Fracking is the name used for hydraulic fracturing, the process of injecting high-pressure liquid into the ground in order to remove fossil fuels. According to Forbes, research and studies have shown over and over that the suggested risks of fracking are non-existent.

An oil and gas lease is an opportunity and a risk

If you have or potentially have oil or gas reserves on your land in California, you may believe that you have "struck it rich." And that may be the case. Your land could hold a substantial reserve of oil and gas that is viable for production. A well or group of wells could produce for many years, and they could add greatly to your income and your overall wealth.

What do you really own?

If you own a piece of land in California and it potentially may have viable oil and gas reserves beneath it, it is important that you understand exactly what it is that you mean when you say you "own" the property. Property law is ancient, as ownership of land has always been important, and land does not disappear the way more transitory objects do.

When is an oil or gas lease royalty calculated?

For a landowner, securing an oil and gas lease with royalty payment may seem like a great victory. Developing an oil well from exploration to production is an expensive proposition, something few individuals could afford, but once it reaches production, it can seem like free money.

Do you have an offer for oil and gas development on your land?

Most landowners have little experience with oil, gas and other mineral extraction leases. You or your family may have owned land for years or decades. You may not even understand the distinction between surface ownership and mineral ownership, as your property may not have been suspected of having oil or gas present, or if it was known, it may have been uneconomic to extract it.

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