What Happens to a Mineral Lease After Death?

The passing of a mineral owner has absolutely no effect on an oil or gas lease except for altering who receives the royalties paid to the previous owner. Upon death, the heirs should determine whether the owner died with, or without a will. If they died with a will, that is referred t
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How to Avoid Mineral Rights Lease Scams

It is not very often that we hear of a lease scam but they do happen and are, for the most part, avoidable. Most mineral rights lease scams involve oil companies or landmen that I will refer to as “flippers” and are particularly evident during leasing booms. These folks follow signifi
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How to Lease Oil and Gas Without Hassle

So you get the proverbial knock on the door or phone call one day and it is a landman representing an unknown company and he wants to lease your land for oil and gas. What do you do? How do you know how to protect your asset while making sure that you get paid what it is worth? Never
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Is it Possible to Lease my Minerals but Restrict the Lessee from Accessing my Surface?

The answer is yes, depending on the situation. If your acreage is in an area where there are more than one tract it is possible to lease to an oil & gas company with what is commonly known as a non-development lease. Under such a lease the company receives the right to develop you
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How Much is Oil Worth in Texas?

I hear various forms of this basic question from mineral owners on almost a daily basis. One way to approach the answer is to breakdown the per barrel value and tax burden on a barrel of oil. The price paid for a barrel of oil is governed by the posted price which is often referred to
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Support American Capitalism through Oil & Gas Production

    There is an old saying that we have all heard our entire lives that goes something like this, “If it aint broke don’t fix it!” It is certainly not hard to understand to the general masses but apparently the basic concept is foreign to the Obama Administration. The domest
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Energy here at home – the key to economic recovery in America

When I first got involved in the oil industry way back in the mid 1970’s it was boom times. Money was flowing freely and recent college grads like myself were heading into the oilfields  in numbers never before seen. In hind sight I thought that was a boom. Little did I know, that was
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Beware of the “catch-all” language when selling mineral rights

They used to say on He-Haw – “I’m not one to go around spreading rumors, so you better be sure and listen close the first time.” That seems to frame today’s conversation well.  As one who would never talk specifics about others in the business, I do belie
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