Unitization and Pooling
|
|
- Emil Robertson
- 8 years ago
- Views:
Transcription
1 Association of Lease and Title Analysts April 22, 2013 Houston, Texas Unitization and Pooling Lucas LaVoy Rebecca Seidl
2 Unit is one of the most confusing terms in oil & gas Can mean many different things Used interchangeably without explanation We will try to cover as many types of units as we can, explain where they came from, and how they differ Why do we care? 2
3 What is a Unit? 3
4 What is a Unit? Merriam-Webster: a single thing, person, or group that is a constituent of a whole an amount of a biologically active agent (as a drug or antigen) required to produce a specific result 4
5 Unit Urbandictionary.com: 5
6 Unit Urbandictionary.com: *(these definitions were neither relevant nor appropriate) 6
7 Unit Urbandictionary.com: *(these definitions were neither relevant nor appropriate) Collinsdictionary.com: a complete system, apparatus, or establishment that performs a specific function 7
8 The Rule of Capture Westmoreland & Cambria Natural Gas Co. v. Dewitt, 18 A. 724 [O]il, and still more strongly gas, may be classed by themselves, if the analogy be not too fanciful, as minerals ferae naturae. In common with animals, and unlike other minerals, they have the power and the tendency to escape without the volition of the owner. Their fugitive and wandering existence within the limits of a particular tract is uncertain. They belong to the owner of the land, and are part of it, so long as they are on or in it, and are subject to his control; but when they escape, and go into other land, or come under another's control, the title of the former owner is gone. If an adjoining, or even a distant, owner, drills his own land, and taps your gas, so that it comes into his well and under his control, it is no longer yours, but his. -Justice Mitchell, Pennsylvania Supreme Court,
9 The Rule of Capture Actually developed from the English law relating to ownership of wild animals Rule of capture states you may extract as much as you want (except for waste) You may drain your neighbor without liability Creates the incentive to drill as much and as quickly as possible Each party will seek to extract maximum production quickly for fear of drainage 9
10 and predictable results ensue 10
11 and predictable results ensue 11
12 Boiler Avenue, Spindletop
13 The Rule of Capture 13
14 and predictable results ensue Rampant wasteful drilling led to damage to reservoirs and precipitous price drops Particularly prominent in the East Texas Field, where production reached 1.1 million barrels in 24 hours on May 1, Prices hit $0.10/bbl. Railroad Commission attempted to limit production, but had limited power at the time Operators ignored the limits and filed numerous lawsuits against the RRC, tying its hands 14
15 This led to significant public and political pressure to effectively regulate waste. In April of that year, the Texas House passed a bill to create a stronger commission to regulate oil and gas Independent operators and their allies fiercly opposed this, even leading to fistfight in the Capitol building between representatives Burns (opposing) and Roeser (supporting) Burns lost the fistfight but won the debate; the bill failed in the Texas Senate. 15
16 Conservation Regulation Two main regulatory concepts emerged from this period: Density Proration RRC gained jurisdiction over oil & gas in 1919, and promulgated 38 original rules To address the crowding of wells and waste due to close spacing, RRC promulgated Rule 37: The very first spacing rule required only 150 feet to a lease line, and only 300 feet to the nearest well 16
17 Drilling Units This spacing limitation led to what we now know as Drilling Units Also known as the spacing unit Shows the RRC that there is sufficient unassigned acreage to satisfy the density rule for the field Could be special field rules for density, or statewide rules for density 17
18 Drilling Units Filed with the W-1 application for permit to drill 18
19 Drilling Units Plat to be attached for permit Describes unit on the ground But 19
20 Drilling Units In Texas this 40 acre Drilling Unit has: Zero effect on title Zero effect on royalty allocation Zero effect on well participation Zero effect on lease maintenance Purely regulatory concept 20
21 Drilling Units To re-cap: Drilling Unit is the result of the density regulations Avoids packed wells Does not, by itself, affect the quantity of oil that may be produced from any given well 21
22 Meanwhile, back in
23 Limitations on Production Spacing and density rules (Rules 37 and 38 in Texas) alone were not working They remained difficult to enforce, many exceptions Many tracts were so small they would be un-drillable 23
24 Limitations on Production Small Operators objected, in court & in the legislature Wanted equal access to the reservoir, regardless of acreage Commission granted thousands of exceptions, hoping to avoid a showdown 24
25 Limitations on Production One Texas example was the Hendrick field in Winkler County So many spacing exceptions granted that the field began to water out and price plummeted 17,000 of the 24,269 wells in the East Texas Field drilled before 1938 were exception wells $100,000,000 per year wasted on drilling unnecessary wells Needed a second component to regulation 25
26 Limitations on Production Texas has used different systems for limiting overall production of oil and gas One concept is Maximum Efficient Rate of production. MER is the maximum rate a particular oilfield will produce that will not damage the field Used where there is high demand for certain field production. E.g., during WWII, or the 1970 s energy crisis Under MER, a field receives a maximum field-wide allowable, which is then distributed to the wells based on various formulae (i.e., it is prorated among the wells) 26
27 Limitations on Production The second production limitation concept is Market Demand prorationing This is used when there is not a supply crisis Looks at the market demand for oil & gas and attempts to provide price stability Since 1973, market demand factor has been set at 100% This means that most fields may produce at 100% of their maximum allowable 27
28 Proration Rules Wells within a field have a limit on how much they may produce (their allowable ) The proration unit is the acreage assigned to a well for determining the well s production allowable (Rule 38(a)(3)). Some field rules allocate production based on productive surface acres Some fields allocable allowables based only on well deliverability and/or well count. There are less-common variants as well. 28
29 Proration Rules Interestingly, for virtually all fields in Texas, gas allowables are all suspended. Therefore, no proration units for gas If there are no applicable field rules, and Statewide Rules apply, proration units are unnecessary Instead, Rule 45 allocates production based on a yardstick according to the depth of the reservoir Furthermore, if the field rules use deliverability, well count, or something other than acreage for the oil allowable, proration units are unnecessary 29
30 Proration Units IF the field uses productive acreage allocation, then acreage is assigned to a well s proration unit on the form P-15 Accompanied by a certification that the acreage claimed is productive 30
31 Proration Units This 40-acre proration unit: May be different land than the drilling unit Has zero effect on title Has zero effect on allocation of royalties 31
32 Proration Units Potential for confusion: Contracting parties may use proration unit to describe land Even where there is no acreage allocation for allowables, and hence no proration unit 32
33 Pooled Units Back to the small tract problem None of these tracts large enough to drill a well under 40-acre spacing 33
34 Pooled Units Operator files a P-12 with RRC, designating all 4 lease tracts as a pooled unit Now the Operator has 40 acres on which to drill the well Operator can also assign 40 acres to the well to get the allowable 34
35 Pooled Units If operator does nothing more than file this P-12: Operator has enough acreage to drill on the 40-acre pooled unit The well is on Baker s tract Baker gets his royalty share of 100% of production Able Lease Baker Lease Charlie Lease Dog Lease 35
36 Pooled Units If operator does nothing more than file this P-12: Able, Charlie and Dog get nothing No well can be drilled on Able, Charlie or Dog tracts Not enough acreage remains Able Lease Baker Lease Charlie Lease Dog Lease 36
37 Pooled Units If operator does nothing more than file this P-12: But, assume all 4 primary terms end on the same day At end of primary terms: Baker has production, so his lease is HBP Able Lease Baker Lease Charlie Lease Dog Lease 37
38 Pooled Units If operator does nothing more than file this P-12: But, assume all 4 primary terms end on the same day At end of primary terms: Baker has production, so his lease is HBP Able, Charlie and Dog Leases terminate for no production Able Lease Charlie Lease Baker Lease Dog Lease 38
39 Pooled Units Filing the P-12 does not, by itself, affect title RRC normally has no jurisdiction over title or property rights Filing the P-12 does not allocate royalties among the separate tracts 39
40 Pooled Units The Pooled Units we all know and love are created by contract (i.e., by the oil & gas lease) The pooling clause in the Leases would have allowed: Able, Charlie and Dog to share in production, and That production would have been deemed to have occurred on all their tracts, making them HBP 40
41 Pooled Units Example: Lessee, at its option, is hereby given the right and power to pool or combine the acreage covered by this lease or any portion thereof as to oil and gas, or either of them, with any other land, lease or leases in the immediate vicinity. Lessee shall file for record in the appropriate records of the county in which the leased premises are situated an instrument describing and designating the pooled acreage as a pooled unit In the event of operations for drilling on or production of oil or gas from any part of a pooled unit which includes all or a portion of the land covered by this lease. such operations shall be considered as operations for drilling on or production of oil or gas from land covered by this lease whether or not the well or wells be located on the premises covered by this lease 41
42 Pooled Units Traditionally, the tracts participate in production from the well proportionate to their acreage Royalty owners get paid on the basis of their tract participation in the pooled unit Production from Baker now holds Able, Charlie and Dog Leases 25% 25% Able Lease Baker Lease 25% 25% Charlie Lease Dog Lease 42
43 Pooled Units Alternative tract participation formulas now becoming common Particularly for horizontal development and in leases with sophisticated landowners Often there are restrictions on the ability to pool: Example: If my tract is pooled with other tracts, at least 50% of the resulting pooled unit must be my lands. 43
44 The Same Unit A pooled unit may also be the same land as a drilling unit and a proration unit The plat looks identical for each They do not have to be the same land 44
45 Differences between the units For example: Operator has four adjacent leases This field has 40- acre spacing Field has 80-acre proration units 45
46 Differences between the units Operator drills a well on the 40 acre lease 40 acre drilling unit No pooling is needed 46
47 Differences between the units Operator wants the larger allowable, so files an 80 acre proration unit, using the 3 west leases 47
48 Differences between the units Operator wants to hold more acreage, so creates a 160- acre pooled unit Files the P-12 Files in the County Courthouse 48
49 Pugh Clause The Pugh Clause modifies the pooling clause 3,000 acre lease Provides that operations or production from the pooled unit will not preserve the whole lease 500 acre Gas Unit (pooled) 49
50 Pugh Clause In other words, such operations or production will only preserve that portion of the lease which covers land in the pooled unit 3,000 acre lease 200 acres HBP 500 acre Gas Unit (pooled) 50
51 Pugh Clause Severs the unpooled acreage from the pooled acreage To keep the lease in force on the unpooled acreage, the lessee must pay delay rentals or drill a well Can be vertical or horizontal 500 acre Gas Unit (pooled) 200 acres HBP 51
52 Quiz: Which of these is the Pugh Clause? A: if, after the expiration of the primary term, Lessee fails to conduct drilling operations for more than 180 days between the completion of one well and the spudding of the next well this Lease shall terminate except as to a Unit being the number of acres surrounding each producing well required to obtain the full monthly production allowable B: each horizontal well producing on the leased premises, or on lands pooled or unitized therewith, shall hold only the acres out of this lease (or such pooled or unitized acreage) as is located within a rectangle measured 500 feet on each side of the horizontal wellbore within the correlative interval and 500 feet from the penetration point and terminus of such wellbore in a direction perpendicular to the path of the well... 52
53 Answer: None of the above These are Continuous Development / Released Acreage Clauses. These clauses require sequential drilling operations to keep the lease alive after the primary term ( Continuous Development ) The units around the producing wells, that survive the expiration of the primary term and the end of Continuous Development, are the Production Units 53
54 Continuous Development/Released Acreage The lessee should have a reasonable time to develop the leased premises 3,000 acre lease 500 acre Gas Unit (pooled) 54
55 Continuous Development/Released Acreage Designate a specified tract (a "production unit") around each well then producing on the leased premises 480 acre Production Unit 500 acre Gas Unit (pooled) 55
56 Continuous Development/Released Acreage One 480 acre Production Unit HBP A Second Unit consisting of Acreage HBP from the Pooled Unit 480 acre Production Unit Acreage HBP 500 acre Gas Unit (pooled) 56
57 Continuous Development Continued After the designation of production units, production from each production unit will maintain the lease in effect only as to the lands included within that production unit. In effect, each production unit becomes a separate lease for lease maintenance purposes. 57
58 Possible Problems Take care to be clear when referring to any unit: what type of unit are you really talking about? For example: Oil & Gas Lease At the expiration of the primary term this lease shall terminate except for the acreage within the proration unit for each well then producing oil or gas If these are oil wells, and there is no acreage allocation in the field rules for oil, arguably the lease is terminated except for the producing wellbores 58
59 Possible Problems Net Profits Interest Conveyance: The Net Profits Interest shall cover and apply to the Subject Wells, and also to the acreage within the unit for each such Subject Well. Farmout Agreement: If Farmee should drill and complete a producing well Farmee shall earn the acreage out of the lease associated with such well in the records of the Railroad Commission of Texas 59
60 Forced Pooled Unit-Texas Mineral Interest Pooling Act Precluded in most major fields (i.e., Permian Basin, the East Texas Field) RRC cannot compel based on its own motion Fair & Reasonable Offer Muscle-in Provision Lease A Lease B Lease E Lease C Lease D 60
61 In Oklahoma Favors forced pooling Represents the Majority View Pool all of the interests in the drilling unit Name one of the interest owners as operator Three options: Participate, Be Carried with Penalty or Lease Lease A Lease B Lease E Lease C Lease D 61
62 Unitization Unitization refers to a slightly different concept than pooling Both involve combined multiple tracts to be operated together Pooling is about complying with density regulations and assigning acreage for allowables Unitization is about operating a common source of supply, for maximum efficiency 62
63 Unitization Here, the entire field can become the Unit, sometimes thousands of acres Many states allow parties seek compulsory unitization where they can show it will benefit the field Texas is the only major producing state that does not allow this. Texas Units are voluntary 63
64 Secondary Recovery Units Today, units (in Texas) are encountered in fields for secondary recovery operations 64
65 Secondary Recovery Units Generally the parties will enter into a Unit Agreement (including the royalty owners) Provides for the sharing of costs and allocating production to various unit tracts May designate one party to operate the new Unit, or may provide for coordinated operations Approval of the Unit provides for immunity to some tort actions 65
66 Secondary Recovery Units There will be an approval process at the RRC, usually not contested (normally a large majority of stakeholders sign the agreement) An approved Unit provides for limited immunity to antitrust actions 66
67 Secondary Recovery Units Usually the Unit Agreement will provide that all leases in the unit will be HBP from production anywhere in the Unit. Usually provides for specified participation factors for the individual tracts in the unit These may be acreage based, but likely will take into account geological advantages as well RRC approval of the Unit does NOT bind stakeholders (WI owners or royalty owners) that have not signed it Those parties may still sue for tort damages, although their burden of proof will be more difficult These parties leases are not kept alive by Unit production 67
68 Federal Units Where a large portion of the lands for a reservoir are federally owned lands, a federal unit is often used Most important type of federal unit is the Exploratory Unit Can be huge (20,000+ acres) Administered by various federal agencies (often the BLM) 68
69 Federal Units A federal exploratory unit is a contract between the United States and participating parties for joint exploration and development There is a statutory form of unit agreement The federal agency (varies by jurisdiction) will generally require some large majority of interest owners agree to the proposal, before the agency will approve it Provides for lease maintenance by unit operations/production, although terms are considerably more complex than private unit agreements Usually there will be a Unit Operating Agreement as well, negotiated separately 69
70 ANY QUESTIONS? 70
71 ANY QUESTIONS? 71
TEXAS POOLING OVERVIEW
TEXAS POOLING OVERVIEW Tim George McGinnis, Lochridge & Kilgore, L.L.P. 600 Congress Avenue, Suite 2100 Austin, Texas 78701 512.495.6047 tgeorge@mcginnislaw.com Pooling is... basic legal tool for drilling
More informationSpacing, Pooling & Unitization
Spacing, Pooling & Unitization in Colorado Follow Steptoe & Johnson on Twitter: Follow @Steptoe_Johnson ALSO FIND US ON http://www.linkedin.com/companies/216795 http://www.facebook.com/steptoe.johnson
More informationWhen does a Landowner own all rights, including Minerals and Royalty?
Tommy Smart When does a Landowner own all rights, including Minerals and Royalty? When there have been no conveyances, donations or reservations of minerals or royalty, by the owner or his predecessors
More informationCOMMISSION Director INTRODUCTION ARKANSAS OIL AND GAS COMMISSION
COMMISSION Director ARKANSAS OIL AND GAS COMMISSION INTRODUCTION The purpose and mission of the Arkansas Oil and Gas Commission (Commission) is to serve the public, prevent waste, encourage conservation,
More informationEvaluating Oil & Gas Lease Proposals
Evaluating Oil & Gas Lease Proposals Theodore A. (Ted) Feitshans Department of Agricultural & Resource Economics North Carolina State University 919-515-5195 ted_feitshans@ncsu.edu April 26, 2011 The author
More informationWaterflooding. A Tried and True Technique for Secondary Oil Recovery. Houston Bar Association Oil, Gas and Mineral Law Section March 26, 2013
Waterflooding A Tried and True Technique for Secondary Oil Recovery Houston Bar Association Oil, Gas and Mineral Law Section March 26, 2013 F. J. Deacon Marek, P.E President Dallas, Texas Brian R. Sullivan,
More informationFarm Planning FOR THE FUTURE: MINERAL LEASES
Farm Planning FOR THE FUTURE: MINERAL LEASES Mineral Leases Marcellus Shale gas wells are becoming more and more common. You may be approached by a landman if you own land on the Marcellus formation spanning
More informationWorkgroup Markup RRC Draft 8.14.15
RRC Draft 8.14.15 Page 1 of 28 1 3.5. Application To Drill, Deepen, Reenter, or Plug Back. 2 (a) - (g) (No change.) 3 (h) Plats. An application to drill, deepen, plug back, or reenter shall be accompanied
More informationHow To Understand The Law Of Texas
CHAPTER 1 Oil and Gas Law INTRODUCTION Oil and gas law is a combination of elements of contract law, property law, and tort law. Oil and gas law is unique given the very nature of oil and gas, and the
More informationRoyalty and Surface Owner Information Brochure
ARKANSAS OIL AND GAS COMMISSION 2215 West Hillsboro P. O. Box 1472 El Dorado, Arkansas 71731-1472 Phone: (870) 862-4965 Lawrence E. Bengal FAX Number: (870) 862-8823 Director E-Mail: aogc@aogc.state.ar.us
More informationRULE 37 CASE NO. 0229580 DISTRICT 02
RULE 37 CASE NO. 0229580 DISTRICT 02 APPLICATION OF BECKHAM RESOURCES, INC., FOR AN EXCEPTION PERMIT UNDER STATEWIDE RULE 37 TO PLUG BACK WELL NO. 4, MITCHELL, JOHN N. UNIT, MISSION RIVER FIELD, REFUGIO
More informationMineral rights ownership what is it and why is it so unique in the USA?
Mineral rights ownership what is it and why is it so unique in the USA? Introduction This document is designed to explain the concept of mineral rights ownership, and how such ownership differs between
More informationMINING, OIL & GAS LAW
FINAL EXAMINATION MINING, OIL & GAS LAW P.N. Davis Tuesday, May 10, 1994 8:30-11:00 AM THIS IS A TWO AND ONE-HALF (2½) HOUR EXAMINATION. THIS EXAMINATION CONSISTS OF FOUR (4) PAGES. THIS EXAMINATION CONTAINS
More informationSPACING Vertical Horizontal
SPACING Vertical Horizontal Week Three September 6, 2012 Eric R. King Conservation 52 O.S. 87.1 Common Source of Supply of Oil Well Spacing and Drilling Units Spacing Actual Notice at least 15 days prior
More informationLegend also requested that the following rules be adopted for the consolidated field:
OIL AND GAS DOCKET NO. 02-0246969 THE APPLICATION OF LEGEND NATURAL GAS II, LP TO CONSIDER STANDING, AND IF STANDING IS GRANTED, TO CONSOLIDATE VARIOUS FALLS CITY FIELDS INTO THE FALLS CITY (WILCOX CONS.)
More informationJuly 2013 Tax Alert. Gifts of Mineral Rights: What do charities and donors need to know about gifts of mineral rights? What are mineral rights?
July 2013 Tax Alert Gifts of Mineral Rights: What do charities and donors need to know about gifts of mineral rights? This tax alert will outline several different aspects of this problem: what are mineral
More informationPRIVATE EQUITY INSIGHTS
In this Energy Investment Education Whitepaper, we discuss, Why It Is Financially Better To Own A Portfolio Of Producing Oil & Gas Working Interest Instead of Producing Royalty Interest. Paul Anthony Thomas
More informationCHECKLIST FOR NEGOTIATING AN OIL AND GAS LEASE
CHECKLIST FOR NEGOTIATING AN OIL AND GAS LEASE by John B. McFarland Graves, Dougherty, Hearon & Moody, P.C 401 Congress Ave., Suite 2200, Austin, Texas 78701 This article is intended to provide practical
More informationFREQUENTLY ASKED QUESTIONS
INTEREST OWNER RELATIONS CONTACT INFORMATION 810 Houston St, Fort Worth, TX 76102 Toll Free Phone: 1-866-886-2613 Hours of Operation: 8:00am-5:00pm/Central Time FREQUENTLY ASKED QUESTIONS 1. What are the
More informationQuestions from Water Celebration Day
Questions from Water Celebration Day Julie Archer, WV Surface Owners Rights Organization What barriers inhibit surface owners or counties from simply repurchasing several leases, or offering to purchase
More informationOverview of U.S. Lands. Presented by Lynette Y. Johnson, CPLTA PNG Tenure Information Exchange April 13, 2011 Calgary, Alberta
Overview of U.S. Lands Presented by Lynette Y. Johnson, CPLTA PNG Tenure Information Exchange April 13, 2011 Calgary, Alberta Historical View of Land Ownership in the U.S. Influenced by European Law ENGLAND
More informationLAND AND REGULATORY ISSUES RELATED TO HORIZONTAL WELLS
LAND AND REGULATORY ISSUES RELATED TO HORIZONTAL WELLS Presented by H. Philip (Flip) Whitworth Scott, Douglass & McConnico, L.L.P. Austin, Texas Texas Mineral Title Course Institute for Energy Law The
More informationThe WOGCC has 41 full-time employees, an Assistant Attorney General, and a contracted hydrogeologist.
Wyoming Oil & Gas Conservation Commission Strategic Plan Update: January 1, 212 through December 31, 212 Quality of Life Result: Wyoming s natural resources are managed to maximize the economic, environmental
More information************************************************* * KEY ISSUES: Waste * * Fair Share * * Rule 39 *
************************************************* * KEY ISSUES: Waste * * Fair Share * * Rule 39 * * * * FINAL ORDER: DENIED * ************************************************* RULE 37 CASE NO. 0214723
More informationHow To Get A Well To Pay Royalties
Sample Lesson Types of Conveyances WARRANTY DEED The word warranty defines this type of conveyance. In a warranty deed, the grantor is warranting certain guarantees to the grantee. In some areas of the
More informationThe Shale Plays A Trial Lawyer s Perspective. General Litigation Issues. The Shale Plays From a Trial Lawyer s Perspective. Greg W.
The Shale Plays A Trial Lawyer s Perspective BACKGROUND 1722 Routh Street, Suite 1500 Dallas, Texas 75201 214.969.1252 2 The Role of Gas in the U.S. Economy General Litigation Issues In the past, shale
More informationMunicipal Utility Districts The Pros/Cons of a MUD as Your Neighbor
Municipal Utility Districts The Pros/Cons of a MUD as Your Neighbor Texas City Attorneys Association 2008 Summer Conference June 12, 2008 Banowsky & Levine, PC 790 Coit Central Tower 12001 N. Central Expressway
More informationOIL AND GAS IMPACTS AND THE NEED FOR LOCAL REVENUE HOUSE APPROPRIATIONS COMMITTEE SUBCOMMITTEE ON REVENUE
OIL AND GAS IMPACTS AND THE NEED FOR LOCAL REVENUE HOUSE APPROPRIATIONS COMMITTEE SUBCOMMITTEE ON REVENUE Harrisburg, Pennsylvania Presented By Douglas E. Hill Executive Director April 3, 2009 www.pacounties.org
More informationElements of Geothermal Leases. Part I. By Kevin Talkington
Elements of Geothermal Leases Part I By Kevin Talkington 58 counties. 13 Million Parcels. All of California. Up to Date. Online. Looking for California property data and California parcel maps? ParcelQuest
More informationHow to find an Attorney experienced in Gas Drilling Leases
How to find an Attorney experienced in Gas Drilling Leases Canyon By Sue Tejml Mayor of Copper Many homeowners in Copper Canyon and surrounding areas are receiving offers to lease their mineral interests.
More informationCrown Stealing of Freehold Mineral Rights Alberta Today, Saskatchewan Yesterday
Crown Stealing of Freehold Mineral Rights Alberta Today, Saskatchewan Yesterday CAPL Annual General Meeting April 27, 2011 Paul Negenman EnerLaw LLP phone (403) 303-9157 email paul.negenman@enerlaw.ca
More informationRights and Responsibilities of Mineral Cotenants
Rights and Responsibilities of Mineral Cotenants Judon Fambrough Senior Lecturer and Attorney at Law Special Report 843 Rights and Responsibilities of Mineral Cotenants Judon Fambrough Senior Lecturer
More informationMineral Interests on Your Land. A Guide for Landowners in Indiana and Illinois
Mineral Interests on Your Land A Guide for Landowners in Indiana and Illinois Contents Introduction - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
More informationOIL & GAS LANDMAN. Employment
OIL & GAS LANDMAN TRAINING MANUAL The oil and gas industry is going through a major transformation with prices rising daily it seems. With price decline being the trend for the last 20 years, no one has
More information2012 Professional Land Management Certificate Program
2012 Professional Land Management Certificate Program Houston Austin San Antonio, TX Oklahoma City, OK the university of texas at austin continuing & innovative education Petroleum Extension Service PETEX:
More informationCalifornia Carbon Capture and Storage Review Panel
California Carbon Capture and Storage Review Panel CCS: PROPERTY LAW AND LIABILITY ISSUES Jerry R. Fish Stoel Rives LLP April 22, 2010 1 Outline of Topics Real Property Rights Required for CCS Who Owns
More informationSTEPHANIE A. SULLIVAN, CPL 5001 Longshadow Dickinson, TX 77539. (713) 504-9814 Cell
STEPHANIE A. SULLIVAN, CPL 5001 Longshadow Dickinson, TX 77539 (713) 504-9814 Cell Professional with extensive experience in Land, Leasing, Title, Division Orders & Property Management with familiarity
More informationPAID UP OIL AND GAS LEASE NO.
PAID UP OIL AND GAS LEASE NO. STATE OF COUNTY OF This OIL AND GAS LEASE (this "Agreement") is made effective as of this day of, (the "effective date"), by and between the THE UNIVERSITY OF TEXAS SYSTEM
More informationInstitution of Oil and Gas Reservation in FDIC Owned Real Estate Sales. A White Paper by Linda Schweigert Dallas/DRR/ORE/OOA/Oil and Gas
Institution of Oil and Gas Reservation in FDIC Owned Real Estate Sales A White Paper by Linda Schweigert Dallas/DRR/ORE/OOA/Oil and Gas August 2012 TABLE OF CONTENTS Executive summary....................................................
More informationOverview of New Mexico Taxes on Oil and Gas Production Presented to the Revenue Stabilization and Tax Policy Committee
Overview of New Mexico Taxes on Oil and Gas Production Presented to the Revenue Stabilization and Tax Policy Committee Thomas Clifford PhD, Policy and Research Director N.M. Taxation and Revenue Department
More informationDAVID McMAHON ATTORNEY AT LAW 1624 Kenwood Road, Charleston, West Virginia 25314 Phone 304-415-4288 Fax 810-958-6143 e-mail wvdavid@wvdavid.
DAVID McMAHON ATTORNEY AT LAW 1624 Kenwood Road, Charleston, West Virginia 25314 Phone 304-415-4288 Fax 810-958-6143 e-mail wvdavid@wvdavid.net June 13, 2011 Outline of Legal Theories for Representation
More informationMichigan Department of Natural Resources Oil and Gas Leases Frequently Asked Questions
What is the DNR s authority for leasing oil and gas? How are state-owned oil and gas rights leased? Who decides which state-owned oil and gas rights will be offered for lease at the auction? How often
More informationStudy Guide for Mineral Rights (Ottinger)
SUBJECT PAGE PROLOGUE Sources of mineral law... 3 History of mineral law 4 CHAPTER ONE: LANDOWNERS RIGHT TO MINERALS What is a mineral 5 Theories of mineral ownership... 6 Rule of capture 7 Unitization...
More informationCHAPTER 3 OPERATIONAL RULES, DRILLING RULES
CHAPTER 3 OPERATIONAL RULES, DRILLING RULES Section 1. Notices: General and Emergency. (a) A written notice of intention to do work or to change plans previously approved on the original APD and/or drilling
More informationCase 4:14-cv-00415-BRW Document 51 Filed 02/02/16 Page 1 of 6
Case 4:14-cv-00415-BRW Document 51 Filed 02/02/16 Page 1 of 6 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF ARKANSAS WESTERN DIVISION CLAUDE D. WALLACE, as Trustee of the Claude D. Wallace
More informationLand Conference 2011 Conference Theme: Mineral Rights in Trinidad and Tobago: Issues, Challenges and Recommendations Gerald Lewis and Lou-Ann Baptiste
Land Conference 2011 Conference Theme: Mineral Rights in Trinidad and Tobago: Issues, Challenges and Recommendations Gerald Lewis and Lou-Ann Baptiste Background The history of oil exploration in Trinidad
More informationPERFORMANCE BOND. That we, (operator name as established by Office of Conservation and address) (hereinafter called the Principal ), and
(Multiple Wells) Bond No. PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: That we, (operator name as established by Office of Conservation and address) (hereinafter called the Principal ), and (bonding
More informationWyoming Idle and Orphan Well Draft Plan. Table of Contents
Wyoming Idle and Orphan Well Draft Plan December 9, 2013 Table of Contents Introduction... 2 How many idle and orphan wells are there?... 3 Recommendations... 4 Federal Orphan Wells... 5 Recommendation...
More informationPurchase and Sale Agreements for Oil and Gas Properties
Purchase and Sale Agreements for Oil and Gas Properties Presentation at the Conference Utica Shale: Issues in Law Practice and Policy September 14, 2012 Scope This presentation addresses the negotiation
More informationASX ANNOUNCEMENT JUNE 2015 QUARTERLY REPORT 31 JULY 2015
ASX ANNOUNCEMENT 31 JULY 2015 JUNE 2015 QUARTERLY REPORT The Directors of Odyssey Energy Limited ( Odyssey or Company ) are pleased to present the June 2015 ly report. Highlights during, and subsequent
More informationAnnounces Second Quarter 2004 Results
Announces Second Quarter 2004 Results NYSE SGY LAFAYETTE, LA. August 9, 2004 Stone Energy Corporation today announced a 25% increase in earnings with net income of $35.9 million, or $1.33 per share, on
More informationMODEL LAW ON MOTOR VEHICLE INSPECTION BY INDEPENDENT CONTRACTORS AND SELF INSPECTORS
MODEL LAW ON MOTOR VEHICLE INSPECTION BY INDEPENDENT CONTRACTORS AND SELF INSPECTORS Section 1. Definitions.-- As used in this act, the term: (1) "Contractor" means any person, corporation, or partnership
More informationEquipment Lease Agreement
Equipment Lease Agreement This Equipment Lease Agreement (the Agreement ) is made and entered on,, by and between ( Lessor ) and ( Lessee ) (collectively referred to as the Parties ). The Parties agree
More informationEnhanced Oil Resources Inc. Provides 2012 Activity Update
Enhanced Oil Resources Inc. Provides 2012 Activity Update HOUSTON, Feb. 15, 2012 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to provide the following update regarding the Company's proposed
More informationOIL AND GAS TAXATION COMPARISON
OIL AND GAS TAXATION COMPARISON ANALYSIS OF SEVERANCE, PRODUCTION AND AD VALOREM TAXES IN NORTH DAKOTA AND OTHER OIL PRODUCING STATES DECEMBER, 2012 BISMARCK, NORTH DAKOTA Table of Contents Page Introduction
More informationCHAPTER 3 OPERATIONAL RULES, DRILLING RULES
CHAPTER 3 OPERATIONAL RULES, DRILLING RULES Section 1. Notices: General and Emergency. (a) A written notice of intent to do work on an Application for Permit to Drill (APD, Form 1) and a drilling and completion
More informationLENGTH OF LEASE TERMS How long is the PRIMARY TERM of the lease? 3yrs? 5yrs? 10yrs?
Natural Gas Lease Forms and Addendum Presented for informational and educational purposes only. Consult with an attorney familiar with gas law before signing any lease. OVERVIEW Understanding what is in
More informationOil & Gas: Valuation, Surface Rights and Mineral Interests. Rita Beth Whatley Barbara D. Nunneley
Oil & Gas: Valuation, Surface Rights and Mineral Interests Rita Beth Whatley Barbara D. Nunneley Mineral Interests Created by: Grant Reservation/Exception Mineral Deed Conveyance with Exception ALL or
More informationCLACKAMAS COUNTY ZONING AND DEVELOPMENT ORDINANCE
1008 STORM DRAINAGE (3/24/05) 1008.01 PURPOSE To minimize the amount of stormwater runoff resulting from development utilizing nonstructural controls where possible, maintain and improve water quality,
More informationA QUICK PRIMER ON MINERAL RIGHTS
A QUICK PRIMER ON MINERAL RIGHTS ROBERT L. THERIOT Liskow & Lewis 1001 Fannin St, Suite 1800 Houston TX 77002 State Bar of Texas NEW FRONTIERS IN MARITAL PROPERTY LAW October 4-5, 2012 New Orleans CHAPTER
More informationAttorneys Outline Texas Water Law Cases Before Supreme Court
Attorneys Outline Texas Water Law Cases Before Supreme Court By David Bowser AMARILLO "It's really turned into an interesting fight," says Marvin "Marty" Jones, an Amarillo lawyer with Sprouse Schrader
More informationRESTRICTIVE COVENANTS. THIS DECLARATION OF RESTRICTIVE COVENANTS is made this day of, 20, by RECITALS
STATE OF NEW YORK COUNTY OF DECLARATION OF RESTRICTIVE COVENANTS THIS DECLARATION OF RESTRICTIVE COVENANTS is made this day of, 20, by, ("Declarant"), A New York corporation with offices at,, New York.
More information3. Type of lots being registered. If more than one type, so designate with number of each type.
DBPR 312-B ADDENDUM FOR THE FLORIDA PUBLIC OFFERING STATEMENT IS FOR INFORMATION PURPOSES ONLY This addendum is correlated with the accompanying format for purposes of providing adequate information in
More informationARLINGTON COUNTY CODE. Chapter 18 PLUMBING AND GAS CODES
Chapter 18 18-1. Title and Scope. 18-2. Definitions. 18-3. Availability of Codes. 18-4. Administration and Enforcement. 18-5. Registration of Contractors and Certification Requirements. 18-6. Permits and
More informationHow Texas Returns Unconventional Oil Revenue to Local Governments
How Texas Returns Unconventional Oil Revenue to Local Governments Headwaters Economics Updated January 2014 Introduction This brief shows how Texas s local governments receive production tax revenue from
More informationMINERALS AND ASSOCIATED WASTE APPLICATIONS APPLICATION FORM
MINERALS AND ASSOCIATED WASTE APPLICATIONS APPLICATION FORM 1. Applicant Details (See guidance note 1) 2. Agent Details Please complete if the applicant has an agent (See guidance note 2) * Title: * Forename:
More informationMineral Issues Impact on Solar Energy Development in Texas and Other States (2013 Update)
Mineral Issues Impact on Solar Energy Development in Texas and Other States (2013 Update) 7320 North MoPac, Suite 211 Austin, Texas 78731 (512) 346-5558 www.sbaustinlaw.com Established 1993 Mineral Issues
More informationEquipment & Materials Lease Policy Adopted: August 2013 Reviewed: Revised:
Equipment & Materials Lease Policy Adopted: August 2013 Reviewed: Revised: The Wisconsin Off-Road Vehicle Park, Incorporated (WORVPI) will adhere to all federal, state, tribal, and local laws concerning
More informationUnearthing Mineral Rights:
CourthouseDirect.com Presents Unearthing Mineral Rights: An Insider s Guide to Searching Titles for Mineral Rights Introduction Mineral rights can be one of the more difficult types of property to research
More informationMineral Rights Leasing in North Carolina. Jordan Treakle - Mineral Rights Project Coordinator The Rural Advancement Foundation International-USA
Mineral Rights Leasing in North Carolina Jordan Treakle - Mineral Rights Project Coordinator The Rural Advancement Foundation International-USA Concerns over Predatory Mineral Rights Leases RAFI has worked
More informationAVOIDING THE UNINTENDED CONSEQUENCE WHEN DRAFTING MINERAL RESERVATIONS
AVOIDING THE UNINTENDED CONSEQUENCE WHEN DRAFTING MINERAL RESERVATIONS CELIA C. FLOWERS and MELANIE S. REYES FLOWERS DAVIS, P.L.L.C TYLER, TEXAS ADVANCED REAL ESTATE DRAFTING COURSE Houston, Texas March
More informationIssues in Oil and Gas Purchase and Sale Agreements. 214.969.1303 713.951.5826 Arthur.Wright@tklaw.com Rebecca.Seidl@tklaw.com
Issues in Oil and Gas Purchase and Sale Agreements Arthur J. Wright Rebecca R. Seidl 214.969.1303 713.951.5826 Arthur.Wright@tklaw.com Rebecca.Seidl@tklaw.com 2 Initial Considerations Letter of Intent
More informationTESTIMONY. 1986-2016 Supporting Pennsylvania s SEO Profession for 30 Years PAGE 1
TESTIMONY Before: Pennsylvania Senate Environmental Resources & Energy Committee From: Pennsylvania Association of Sewage Enforcement Officers (PASEO) Date: December 8, 2016 Thank you for allowing us to
More informationWyoming County Landowners OIL AND GAS LEASE
Wyoming County Landowners OIL AND GAS LEASE THIS OIL AND GAS LEASE (the Lease ) made this day of, 2009, between, hereinafter called Lessor (whether one or more), whose address is: and CHESAPEAKE APPALACHIA,
More informationOklahoma Trust Lands & Education Funding
Oklahoma Trust Lands & Education Funding As new states entered the union, Congress made land grants to those states to provide support for a variety of public institutions, principally public schools.
More informationV. EVASION CRITERIA. 1. Any person seeking exemption from the requirements of the MSPA (76-3- 101, MCA) shall submit to the County:
V. EVASION CRITERIA A. PROCEDURES AND GENERAL REQUIREMENTS 1. Any person seeking exemption from the requirements of the MSPA (76-3- 101, MCA) shall submit to the County: a. A certificate of survey, exempt
More informationHow To Deal With The Marcellus Shale
By Stephen W. Saunders The impact of leases and natural gas development on real property transfers in Pennsylvania Many Pennsylvania mineral rights owners have reaped significant financial benefits as
More informationGroundwater Law Today and Tomorrow: Court Decisions and Their Impact
Groundwater Law Today and Tomorrow: Court Decisions and Their Impact 14 th Annual Bell County Water Symposium November 18, 2014 - Belton Presented by: Ty Embrey tembrey@lglawfirm.com (512) 322-5829 816
More informationTexas Oil and Gas Property Rights
Texas Oil and Gas Property Rights This outline is provided to give clients a general understanding of the processes and issues that may be involved in the clients case. This is an outline that may not
More informationTHIS VOLUNTARY SETTLEMENT AGREEMENT CONCERNING A DEVELOPMENT OF. entered into this day of, 2014, and executed in triplicate originals
VOLUNTARY SETTLEMENT AGREEMENT BETWEEN THE CITY OF BRISTOL, VIRGINIA AND WASHINGTON COUNTY, VIRGINIA, PURSUANT TO VIRGINIA CODE SECTION 15.2-3400 (November 2014) THIS VOLUNTARY SETTLEMENT AGREEMENT CONCERNING
More informationOil and Gas Terms. Anticline: An arch of stratified rock layers that may form a trap for hydrocarbons.
Oil and Gas Terms American Petroleum Institute (API): The API is the trade organization for the oil and gas industry, which establishes standards governing industry operations, safety and the manufacturing
More informationnumber 2) proposed well's type, location, elevation, total depth, etc. 3) site inspection, 2) assess the adequacy of the proposed engineering
APPENDIX 8 - FORMS USED IN THE OIL, GAS AND SOLUTION MINING PROGRAM Application for Permit to Drill, Deepen, Plug Back or Convert a Well Subject to the Oil, Gas and Solution Mining Law (185-12-5). - Applicant
More informationA BILL FOR AN ACT BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: 2 scale, outdoor commercial agricultural operations in Hawaii has
HOUSE OF REPRESENTATIVES TWENTY-EIGHTH LEGISLATURE, 2016 H. B. NO. A BILL FOR AN ACT RELATING TO ENVIRONMENTAL PROTECTION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: 1 SECTION 1. The legislature
More informationTEXAS HOMESTEAD AND PROBATE LAW
May 2, 2013 TEXAS HOMESTEAD AND PROBATE LAW Jonathan D. Baughman McGinnis Lochridge & Kilgore, LLP Houston, Texas Why Homestead Matters 2 Why Homestead Matters 3 Background/Basics 4 Texas Homestead Law
More informationCITY OF POMPANO BEACH Broward County, Florida
RESOLUTION NO. 2015-399 CITY OF POMPANO BEACH Broward County, Florida A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, OPPOSING THE OIL DRILLING PERMIT APPLICATION SUBMITTED BY
More informationHow To Compare N.Dakota To North Dakota
Oil and Gas Production Tax Comparison: and North Dakota Executive Summary November 8, 2012 (updated) This paper provides a brief description and comparison of North Dakota s and s taxes on oil production.
More informationLivestock Rental Lease
Livestock Rental Lease NCFMEC-06A For additonal information see NCFMEC 06 (Beef Cow Rental Arrangements For Your Farm). This form can provide the landowner and operator with a guide for developing an agreement
More informationNORWAY Prepared by Hans Rugset Braekhus Dege Advokatfirma ANS
NORWAY Prepared by Hans Rugset Braekhus Dege Advokatfirma ANS 1. Are there any laws that govern a layoff of employees? If so, what do the laws require? In Norway, we have the Employment Act from 2005 which
More informationTHE JOINT OPERATING AGREEMENT AND THE DUE DILIGENCE PROCESS. Nancy Kerby & Christine Kenworthy Principals
THE JOINT OPERATING AGREEMENT AND THE DUE DILIGENCE PROCESS Nancy Kerby & Christine Kenworthy Principals LAND/A&D SPECIALISTS TFV Consulting Services Terra Firma provides contract services to energy companies
More informationMuch Ado About Kelo: Eminent Domain and Farmland Protection
Much Ado About Kelo: Eminent Domain and Farmland Protection December 2005 In the case of Kelo v. the City of New London, the Supreme Court ruled that the Connecticut city could acquire land by eminent
More informationRIGHT-TO-FARM LAWS: HISTORY & FUTURE
RIGHT-TO-FARM LAWS: HISTORY & FUTURE Right-to-Farm Laws: Why? Right-to-farm laws were originally designed to protect agricultural operations existing within a state or within a given area of the state
More informationAs stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing
N A T U R A L R E S O U R C E C O N S E R V A T I O N As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing conservation
More informationKitsap Public Health Board Ordinance 2014-01 Food Service Regulations
SECTION 1. AUTHORITY AND PURPOSE A. Pursuant to RCW 43.20.050(5), 70.05.060, 70.46.060 and WAC 246-215, the purpose of these regulations is to safeguard public health and provide to consumers food that
More informationIn The Court of Appeals Seventh District of Texas at Amarillo
In The Court of Appeals Seventh District of Texas at Amarillo No. 07-12-00465-CV MATTHEW GEORGE, APPELLANT V. STATE FARM LLOYDS, APPELLEE On Appeal from the 53rd District Court Travis County, Texas Trial
More informationOil and Gas Title Examination By George J. Morgenthaler
Oil and Gas Title Examination By George J. Morgenthaler Table of Contents Chapter I Examination of Fee Title: Abstracts The Chain of Title Abstracts Constructing a Chain Color Codes Dictation Chapter 2
More informationADVERSE POSSESSION. 2. What must occur for one person to gain title to another's property through adverse possession?
Frequently asked questions or FAQs on a variety of oil, gas and energy law topics. The purpose of these FAQs is to provide short plain English answers to some of the more common questions that the public
More informationJAN 2 7 2016. outdoor commercial agricultural operations in Hawaii has. been increasing. Unlike the majority of Hawaii's farmers, these
THE SENATE TWENTY-EIGHTH LEGISLATURE, 0 STATE OF HAWAII JAN 0 A BILL FOR AN ACT S.B. NO. mb RELATING TO ENVIRONMENTAL PROTECTION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: SECTION. The legislature
More informationReal Estate Center. Director. Dr. R. Malcolm Richards
Real Estate Center Director Dr. R. Malcolm Richards The Real Estate Center was created in 1971 by the Texas Legislature and placed at Texas A&M University. The Center conducts a comprehensive program of
More informationComparison of State Severance Taxes on Oil and Gas Utah and Selected Oil and Gas Producing States
Comparison of State Severance es on Oil and Gas Utah and Selected Oil and Gas Producing States Prepared for Utah Review Commission April 22, 2005 Draft State Oil Natural Gas Conservation Fee or Alaska
More informationFARM LEASE AGREEMENT
Form 669 FARM LEASE AGREEMENT This form should be used as a guide. Any items in this lease which do not apply can be deleted when the agreement is executed. Each party should retain a copy of the lease.
More information