John D Commercial Law Blog

Mineral estates in Texas oil law

Mineral estates embody five rights that include the following:

·         Lease

·         Develop

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Every year, eager oil and gas companies drill thousands of wells in Oklahoma.  Of Oklahoma’s 77 counties, 72 have oil- or gas-producing wells, and 2008 saw 3,439 new wells drilled.  As more and more wells are drilled, average production from each well goes down.  In this context—of increasing effort, decreasing return, and heightened competition—Oklahoma land and mineral right owners would do well to have a basic unde... Read More