Who is the Attorney for oil royalty in Texas?

For questions regarding claiming, transferring, and protecting Texas Oil Royalty Rights, Texas Mineral Interests, and Other Texas Wealth, please feel free to send an e-mail to Austin Texas Real Estate, Oil Royalty Rights, and Mineral Interest Inheritance Attorney Jason S. Coomer or use our contact submission form.

What are Texas inheritance laws for oil royalties?

For more information on Texas Inheritance of Oil Royalties, Mineral Interests, and Real Estate please go to the following Web Page on Texas Heirship Laws and Determining Heirs when no Valid Will exists.

What are the legal doctrines for oil and gas extraction?

The two conflicting legal doctrines covering oil and gas extraction are the rule of capture, and the correlative rights doctrine. Which of the doctrines applies in a particular case depends on state law, which varies considerably from state to state, or in the case of the federal offshore zone, on U.S. federal law.

Is it dangerous to lose oil and gas royalties?

The danger of losing mineral interests including oil and gas royalties is especially dangerous when family trust funds are transferred through trusts. One of the advantages of a trust is that it can pass property including mineral interests without going through the formal probate process.

For questions regarding claiming, transferring, and protecting Texas Oil Royalty Rights, Texas Mineral Interests, and Other Texas Wealth, please feel free to send an e-mail to Austin Texas Real Estate, Oil Royalty Rights, and Mineral Interest Inheritance Attorney Jason S. Coomer or use our contact submission form.

When did Kiel Brothers oil and gas company fail?

“The oil and gas industry changed rapidly in the 1990s and early 2000s, and many small, independent companies like Kiel Brothers were not able to survive,” said Gillaspie, Greg Pence’s spokeswoman. Not long after, Pence also resigned from the board of a local bank that loaned $16 million to the company.

For more information on Texas Inheritance of Oil Royalties, Mineral Interests, and Real Estate please go to the following Web Page on Texas Heirship Laws and Determining Heirs when no Valid Will exists.

How are oil and gas companies regulated in Texas?

The names and organizational structures of the state agencies overseeing oil and gas extraction vary. In Texas, oil and gas are regulated by the Texas Railroad Commission, in Oklahoma by the Oklahoma Corporation Commission, and in North Dakota by the Industrial Commission.

What do you need to know about negotiating oil and gas leases?

Negotiating oil and gas leases requires knowledge, patience, and a balanced mindset. Every day across America, mineral owners receive oil and gas lease proposals asking to lease their mineral interests. Negotiating the lease is a big responsibility.

What should I delete from an oil and gas lease?

The first draft of an oil and gas lease presented to you likely states that you warrant and defend the chain of title to your minerals. Simply stated, delete the warranty clause. Don’t warrant the mineral title.

What should a lawyer do for an oil and gas lease?

A lawyer who is familiar with oil and gas law should be able to explain the provisions set forth in the lease and other documents and inform the landowner of what is good, what is bad, and what should be changed or inserted by way of an addendum.

The danger of losing mineral interests including oil and gas royalties is especially dangerous when family trust funds are transferred through trusts. One of the advantages of a trust is that it can pass property including mineral interests without going through the formal probate process.

What should I do if my oil tank is not used?

If the tank is not in use and will not be used (no one ever converts from oil to gas and goes back to oil) the no brainer approach is to have the tank removed and tested. An unused oil tank is a liability plain and simple.