I Have My Minerals – Now Where are My Royalties? Published May 1, 2024 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… 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 Published May 1, 2024 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… Read more »
What To Do as a Non-Operator When Your Operator Goes Bankrupt written by Matt Reynolds Published April 3, 2024 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… Read more »
JIB Audits for Non-Ops (Unlike IRS Audits, These Work in Your Favor) written by Matt Reynolds Published April 3, 2024 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… Read more »
Non-Op Litigation: Are You Being Dragged Along for the Ride? written by Matt Reynolds Published April 3, 2024 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… Read more »
What Did I Just Buy? Problem Spotting for Non-Operators under Inherited JOAs written by Andrew Clinton Published April 3, 2024 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… Read more »
Master Service Agreements (Emphasis on Service) written by Matt Reynolds Published March 6, 2024 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… Read more »
Do I Need a Contractor or a Consultant? A Look at MSAs and CSAs written by Matt Reynolds Published March 6, 2024 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… Read more »
Meet the New Boss Same as the Old Boss – Diligence of New Employment and Confidentiality Agreements written by Andrew Clinton Published March 6, 2024 So, you’ve acquired a new asset and, in the process, new employees who are potentially subject to existing Employment Agreements (“EAs”) and Confidentiality Agreements (“CAs”). What is a good course… Read more »
Resources to Guide Your Company Through Initial CTA Filing written by Kaysha Spoon So, your business is subject to the newly effective Corporate Transparency Act. Now what? First, watch this informational video from FinCEN to better understand the CTA and its general provisions. Be aware that many types of businesses are exempt from reporting under… Read more »
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