People across the country recognize that Texas is a land rich oil and natural gas. Landowners in Texas can make a lot of money by entering oil and gas leases with a company that wants to extract these resources from the landowner’s ground. The oil and gas lease is a...
Oil
When someone contacts you about leasing your mineral rights
As a landowner who has recently been contacted about leasing the mineral rights to your property, you may be excited about signing the contract and enjoying the profits. At Kelsey & Hickey, PLLC, we often work with property owners who want to enter into discussions...
Are mineral and surface rights separate?
When you live in Texas, the big American dream might be to strike oil. When it comes to land ownership, there are two categories. You can be a surface owner and a mineral owner. By default, when you purchase land, you generally purchase the surface and mineral rights....
Will an oil well damage your land?
You may be eager to sign the lease with the oil and gas operator so drilling can begin on your Texas property. However, before you sign anything, you should consider adding one or more clauses within the lease to address surface damage. MineralWeb.com explains a few...
What could I do if I found oil on my property?
It is one of the great American dreams: striking oil on your own property. However, if you were to discover valuable minerals beneath your land in Texas, it would often be both wise and profitable to slow down and look at the details. The reason behind this...
Understanding oil rig blowouts
With the enormous oil industry in Texas, oil rig blowouts pose a continuing problem. The State of Texas keeps track of such potentially catastrophic events and reports that Texas saw 46 blowouts over the past three years, 11 in 2018, 14 in 2017, and 24 in 2016....
Arbitration often used in oil and gas disputes
As many business owners know, disputes between companies can get contentious and costly, both in terms of time wasted and money spent. In Texas, where the oil and gas industry dominates a large share of the market, disputes are not uncommon. There are many ways to...