Mineral Hub Articles
Powerful insights, news, and resources from the industry leader on buying and selling mineral rights and royalties.
First, for those of you not familiar with the phrase “drive-by pooling”, it is used in Oklahoma to describe the scenario in which an oil company applies to the Oklahoma Corporation Commission for a forced-pooling without first fulfilling the requirement of making a...read more
After receiving yet another very small class action settlement check in the mail the other day, I have decided I will probably be "opting out" of the next class action that comes my way. I would rather not participate at all than be subject to a specious payoff of...read more
The “Marketable Condition Rule” used in oil and gas royalty valuation has been adopted in a growing minority of states, including Oklahoma. It is often viewed as an extension of the lessee’s “implied covenant to market” and states that production is not complete until...read more
The price someone would be willing to pay for your mineral rights will vary from buyer-to-buyer, as there are many factors that determine value, and buyers interpret them differently depending on their particular biases for a given area. That said, properties with...read more
Cash is King. Cash is a sure thing, and by selling, you receive a sure thing and transfer the risk of ownership to the buyer. Since they are in the “risk business” this works well for both parties. Energy prices are volatile and unpredictable, and many people who own...read more
At a minimum, a no-deductions clause is supposed to prevent your lessee from deducting the costs they incur in transforming your share of the raw natural gas they bring to the surface into a marketable product. “Marketable” can be defined as “sufficiently free from...read more
I don’t know about you, but out here in Oklahoma there are a lot of division orders being sent out to mineral owners for the recently-completed wells that have been drilled in Beckham, Roger Mills, and other nearby counties. I expect the same is true for other areas...read more
The "Duhig" rule was developed to deal with the frequent problem of people accidentally drafting deeds that attempted to convey more property than they actually owned. There was actually a case called Duhig v. Peavy-Moore Lumber Company in 1940 (Texas) which is the...read more
THE LEASING PROCESS: An oil and gas lease is essentially a contract between you, the “lessor”, and another party, the “lessee.” In most states a lease is also considered a conveyance, since you are essentially signing over your right-to-drill for and produce your oil...read more
I have been asked whether a reservation of "Oil, Coal, and Other Minerals" in a Pennsylvania Warranty Deed would also include natural gas and therefore allow the seller to retain their natural gas rights as well as oil and coal. Based on the phrase "oil, coal and...read more
If you want to know how to find out who owns the mineral rights under your land, or find out if you do, then the first stop in your quest should probably be the county clerk's office (free) and/or a private abstract office (not free) in the county where your land is...read more
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