Demand Letters (And Getting) Results written by Matt Reynolds Often, the first step in getting what you deserve is simply asking for it. However, when it comes to getting paid what you deserve, businesses tend to ignore such requests until they come in the form of a legal demand. As an owner of oil and… Read more »
Claiming Your Share: Investor’s Playbook for Mineral Lease Enforcement written by Kaysha Spoon Whether you’re a seasoned mineral investor or just dipping your toes into this arena, understanding the ins and outs of active oil and gas leases and how to enforce key terms with a lessee is crucial. For instance, some leases specify that… Read more »
I Have My Minerals – Now Where are My Royalties? Congratulations on acquiring a mineral asset! You must be asking – when does the money start rolling in? A common question, but one which may have multiple complex answers. Most states with active oil and gas industries provide a statutory framework to define baseline rules… Read more »
If It Don’t Make Dollars, It Don’t Make Sense: Getting Paid Royalties after Acquiring a Mineral Property written by Matt Dishong Apologies to John Locke and anyone who purchases minerals solely to exercise one’s natural right to own property, but the main purpose of buying mineral properties is to make a profit. Unfortunately, however, many… Read more »
What To Do as a Non-Operator When Your Operator Goes Bankrupt written by Matt Reynolds As owner of oil and gas assets, you can often feel that a lot of what happens to those assets is out of your control. This is never more true than when the Operator of your assets goes bankrupt. When… Read more »
JIB Audits for Non-Ops (Unlike IRS Audits, These Work in Your Favor) written by Matt Reynolds In a perfect world, the relationship between an oil and gas Operator and its Non-Operators is one of harmony and complete trust, with the flow of funds and costs of operations completely transparent and all associated accounting timely and… Read more »
Non-Op Litigation: Are You Being Dragged Along for the Ride? written by Matt Reynolds When you are not the Operator of your assets, you have less control over the types of litigation risks that you may face. If your Operator is not paying royalties correctly, is in dispute with one of its vendors, is facing… Read more »
What Did I Just Buy? Problem Spotting for Non-Operators under Inherited JOAs written by Andrew Clinton Perhaps no routinely utilized form in the oil and gas industry is as misunderstood and loathed as the Joint Operating Agreement (“JOA”). Despite numerous attempts to standardize the JOA, as a Non-Operator, you’ve likely received a zip folder of… Read more »
Master Service Agreements (Emphasis on Service) written by Matt Reynolds Whether you have just acquired your new oil and gas assets, acquired an operating company with an existing stable of vendors, or are preparing to kick off drilling and development, every operating entity needs to shift its focus to Master Service Agreements (“MSAs”). MSAs are… Read more »
Do I Need a Contractor or a Consultant? A Look at MSAs and CSAs written by Matt Reynolds In the modern energy industry, it’s impossible to do everything on your own. Every operator needs to engage suppliers, manufacturers, wellsite equipment and manpower, independent engineers, surveyors, and a whole host of other service providers to complete… Read more »
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