Rachel Reese Highlights Lease Negotiation Best Practices in Series of Speaking Engagements
The push and pull between mineral rights owners and production companies in the oil patch has only increased with the unprecedented production volume coming out of the Permian Basin. Indeed, in the Permian Basin last year, billions in transactions took place transferring mineral leasehold interests. With so much potential revenue on the line and generations of knowledge regarding lease contract negotiations, mineral owners are becoming increasingly sophisticated about the lease negotiation process.
Whether it’s a Producers 88 with a raft of addenda or a custom lease, lease negotiations are getting more and more complex. Gone are the days when production companies might reasonably expect that lease negotiations would be completed with a standard Producers 88 form with few, if any, addenda. Complicated lease agreements raise the likelihood of litigation, particularly when contracts are executed without careful consideration to the potential for litigation years later. The landscape has created a situation in which Texas jurisprudence has struggled to keep up.
R. Reese & Associates founder Rachel Reese notes that a well-drafted and reviewed lease can directly impact asset valuations and pay dividends in proactively reducing the likelihood of conflict and litigation later. Ms. Reese has been sharing her knowledge about best practices when negotiating custom leases at well-attended events, most recently when presenting to the Houston Chapter of the Society of Petroleum Engineers and the Houston Bar Association’s Continuing Legal Education.
To receive a copy of the presentations or for more information, please contact firstname.lastname@example.org.
By: Ray Hafner Executive Summary It’s far too easy to let unpleasant litigation sit ignoredAugust 2020 Newsletter – So You Started a Company… Now What?
By: Cheryl Looper Executive Summary: Starting a business is challenging. You’ve got a great idea andJuly 2020 Newsletter – You Have Been Sued: A Guide for Handling New Litigation
By: Raymond “Ray” Hafner Executive Summary: New litigation requires a company to take immediate stepsJune 2020 Newsletter – New Case Update: Piranha Partners v. Neuhoff
New Case Update: Piranha Partners v. Neuhoff, 596 S.W.3d 740 (Tex. 2020), reh’g denied (Apr.April 2020 Newsletter – Best Practices When Declaring Force Majeure
Best Practices When Declaring Force Majeure By: Raymond “Ray” Hafner There have been a lotFebruary 2020 Newsletter – Outsourced General Counsel Services
How I Learned to Stop Worrying and Love Outsourced General Counsel Services By: Raymond “Ray”