When it comes to negotiating a mineral rights lease, there are a lot of industry terms and lingo that require a full understanding before any contract agreement should be signed. One of the most common phrases questioned during oil and gas lease negotiations is the term “paid-up.” In this article, we will define paid-up oil […]
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of 2021. By 2023, the rate of gas flaring could increase substantially. Starting next year, drilling activity begins to resume in the Permian, assuming WTI stays […]
Leasing your land to an oil and gas company can earn you large amounts of money. This is usually for the sale of resources owned within your mineral rights. So much so, that many people seek out oil and gas companies in the hope that their mineral rights may be valuable in some way. An […]
Spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy, a data update from the Energy Policy Tracker has revealed. Across the group, since the start of the pandemic, governments had pledged at least $160.95 billion in fossil fuel investments, versus $123.75 billion in renewable energy […]
In this world, there is no true “standard” oil and gas lease. That is why Form 88 is about as close as it gets. Throughout the infancy and adolescence of the United States oil and gas industry, oil and gas lease Form 88 was considered the “standard form”. In this article, we will discuss what […]
For some people, oil and gas royalties are second nature, with producing properties generating wealth for years to come. For others, oil royalties and mineral leases are both foreign terms. If you own your mineral rights, then you can potentially earn a significant amount of oil and gas royalties. This is by entering into a […]
There was a recommendation of the OPEC+ JMMC to ease the oil output cuts by 2 million bbl/d. With that, oil markets maintained their bullish sentiment over the past week. This is as Brent was trading above $43 while WTI was trading above $40. A surge in COVID-19 cases in several counties including the US, […]
Property deeds can be extremely complicated. What about when you are purchasing a new asset? Well, it is extremely critical to fully understand what exactly it is that you are buying. In property transactions, fee simple defeasible and fee simple absolute are two of the most common acquisitions. In this article, we will define these […]
In the first major U.S. oil deal since the pandemic hit the industry. Supermajor Chevron announced on Monday that lit had entered into a definitive agreement. It is to buy Houston-based Noble Energy in an all-stock transaction valued at US$5 billion. Under the terms of the deal, Noble Energy shareholders will receive 0.1191 shares of […]
When someone passes away, mineral rights are often included as an asset of said person’s estate. If you inherit mineral rights, you may not be sure what to do next. In this article, we will outline a few options for what to do with your newly bequeathed mineral rights and if you should retain, lease, […]
