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What is a Pooling Clause in an Oil and Gas Lease?
February 28, 2023

What is a Pooling Clause in an Oil and Gas Lease?

If you ever have to sign an oil or gas lease there may be some terms you’re unfamiliar with. It....

Rule Of Capture in Oil And Gas: How is it Related to The Correlative Rights Doctrine
February 07, 2023

Rule Of Capture in Oil And Gas: How is it Related to The Correlative Rights Doctrine

Typically, modern mineral rights ownership is not without its complex issues. In the United States, property is everything. The ability....

Do Mineral Rights Expire – How Long Do Mineral Interest Last?
February 07, 2023

Do Mineral Rights Expire – How Long Do Mineral Interest Last?

When you are a surface owner, many questions can arise. This is particularly so when the property has mineral resources.....

The History of Mineral Rights: Origins, Evolution and Future
February 07, 2023

The History of Mineral Rights: Origins, Evolution and Future

Mineral rights is a term that refers to the right to develop and produce a wide selection of minerals taken....

How are Oil and Gas Measured?
January 09, 2023

How are Oil and Gas Measured?

In the United States, the domestic oil and natural gas industry use very specific measures and units. These units have....

What Are Intangible Drilling Costs?
January 09, 2023

What Are Intangible Drilling Costs?

Intangible drilling cost is one of those large tax breakouts afforded by oil companies which lets them subtract the cost....

Pugh Clause in Oil And Gas Lease: Definition and Types
January 08, 2023

Pugh Clause in Oil And Gas Lease: Definition and Types

Named after Lawrence Pugh, a Crowley Louisiana attorney who developed the clause in 1947, the Pugh clause may turn out....

Oil And Gas Tax Deductions: 11 Major Ones to Consider
January 08, 2023

Oil And Gas Tax Deductions: 11 Major Ones to Consider

Oil and natural gas projects generate substantial tax benefits. Oil represents one of the exceptional tax-advantaged investments for big investors.....

What is Top Leasing in the Oil and Gas Industry?
December 15, 2022

What is Top Leasing in the Oil and Gas Industry?

Top leasing oil and gas is a term that refers to a scenario in which an oil and gas lease is implemented....

Oil, Gas And Mineral Lease Clauses – 36 Most Important Ones
December 02, 2022

Oil, Gas And Mineral Lease Clauses – 36 Most Important Ones

Oftentimes, oil gas and mineral leases (OGML) - which exist between the production company that holds the lease of the....

Depletion allowance in Oil and Gas – Small Producer’s Tax Exemption Guide
December 02, 2022

Depletion allowance in Oil and Gas – Small Producer’s Tax Exemption Guide

Since 1926, the Oil and Gas Depletion Deduction for small producers has been a part of the United States Federal....

What is Upstream Oil and Gas: Different Types and Stages
November 04, 2022

What is Upstream Oil and Gas: Different Types and Stages

Since the mid-1950s, oil and gas have become the most important sources for the global energy industry. Generally, the oil....

What is Severance Tax and How Is It Calculated?
October 26, 2022

What is Severance Tax and How Is It Calculated?

It is no stretch to affirm that the oil and gas business is a lucrative one. However, before dabbling into....

Mineral Interest Vs Royalty Interest – What Are The Main Differences You Need to Know
October 26, 2022

Mineral Interest Vs Royalty Interest – What Are The Main Differences You Need to Know

Mineral Interest vs Royalty Interest - What Do You Need to Know? The importance of understanding the difference between mineral....

What is Non-Executive Mineral Interest?
October 03, 2022

What is Non-Executive Mineral Interest?

A Non-Executive Mineral Interest (NEMI) is a type of mineral interest held by an individual or entity. But it does....

What is Net Revenue Interest in Oil & Gas and How to Calculate It?
October 03, 2022

What is Net Revenue Interest in Oil & Gas and How to Calculate It?

Oil and gas investments are a lucrative business. However, there is a need to understand several terms, including Net Revenue....

Retaining Mineral Rights When Selling Properties
September 05, 2022

Retaining Mineral Rights When Selling Properties

Many mineral resources can be found beneath the earth's surface. As a result, if you happen to stumble on oil,....

How Much Are Mineral Rights Worth In Texas?
September 05, 2022

How Much Are Mineral Rights Worth In Texas?

When it comes to oil and gas in the United States, Texas is the most significant state. The lone-star state produces....

Mineral Rights Documentation – What are the different types of legal documents?
August 31, 2022

Mineral Rights Documentation – What are the different types of legal documents?

Like many other markets, the mineral rights market is a time-sensitive one. As a result, actions taken must be swift....

What are Subsurface Rights and How do they Work?
July 28, 2022

What are Subsurface Rights and How do they Work?

You just purchased a piece of land, and minerals have been found beneath the surface. Congratulations! However, such a scenario....

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