Petroleum, often called "Black Gold," has been a driving force behind global production and industrial growth for decades. From fueling vehicles to heating homes, it powers economies and supports everyday life. Today, nearly....
Understanding mineral rights is crucial for anyone interested in the extraction and sale of natural resources in Utah. Utah ranks 13th in the nation for crude oil production and 8th for natural gas....
Mineral rights are different across states and countries. Knowing the laws and policies that apply to the sales or transference of mineral rights in your state is fundamental as you’ll need it when....
Petroleum plays a crucial role in the global economy, serving as the primary energy source for various sectors. In 2023, petroleum accounted for approximately 38% of total U.S. energy consumption, translating to around....
Indiana, known for its rich geological diversity, holds significant untapped mineral wealth beneath its landscape. This article delves deep into the intricacies of mineral rights in the state, providing a detailed guide on....
In the sunny expanses of Florida, beneath the picturesque landscapes and vibrant communities, lies a lesser-known treasure trove: mineral rights. This guide will delve into the intricacies of how mineral rights work in....
When you hear about "mineral rights" in Michigan, what springs to mind? Perhaps images of vast, untouched land rich with underground resources, waiting to be discovered and utilized. This concept isn't just a....
Understanding mineral rights in Oregon is crucial for anyone involved in real estate or natural resource management in the state. These rights can influence property values, affect legal transactions, and present unique opportunities....
In Georgia, the concept of mineral rights is not only a topic of economic interest but also a crucial element in the state's real estate and natural resource management sectors. Whether you're a....
Exploring mineral rights in Missouri opens up a world of opportunity and responsibility for property owners and investors alike. This detailed guide delves into the framework of mineral rights within the state, offering....
The vast, often complex world of oil, gas, and mineral rights is a critical yet intricate part of the energy sector and real estate industry. This glossary is designed to demystify the terminology,....
The intricate landscape of Kansas mineral rights, a complex and valuable aspect of property ownership in the Sunflower State, presents both opportunities and challenges for landowners, investors, and industry professionals. This extensive guide....
Mississippi's vast and diverse mineral wealth is not just a geological wonder but a significant asset for landowners and investors alike. Understanding Mississippi mineral rights is crucial for anyone looking to explore, exploit,....
When we talk about California, images of golden beaches and Hollywood glitz often spring to mind. However, beneath this star-studded surface lies a wealth of untapped resources - a realm governed by mineral....
Understanding Arkansas mineral rights is crucial for landowners, investors, and industry professionals. This comprehensive guide delves deep into the intricate world of mineral rights in Arkansas, encompassing their workings, legal implications, and financial....
When delving into the intricacies of mineral rights in South Dakota, a myriad of factors come into play. These rights are not just legal entities; they represent a complex intersection of geography, law,....
Royalties represent a fascinating and crucial aspect of the financial and creative worlds, bridging the gap between intellectual property and consistent revenue streams. Their importance spans across various industries, from literature to music,....
In the realm of savvy investment strategies within the oil and gas sector, Direct Participation Programs (DPPs) stand out as a conduit for investors to channel funds directly into energy ventures. Right from....
Venturing into the world of mineral rights can be akin to finding hidden treasure beneath your feet – a potential source of continuous revenue if navigated correctly. This article offers a detailed roadmap....
Venturing into the multifaceted domain of mineral rights in the United States reveals a landscape as varied as the minerals beneath the ground. From the oil-rich fields of Texas to the coal-laden mountains....
Integrated oil and gas production is a pivotal cog in the energy sector wheel, representing a multi-tiered approach to sourcing, refining, and distributing energy. As we delve into the specifics, this comprehensive guide....
In the vast landscape of the oil and gas industry, the midstream sector forms an integral bridge between the initial extraction and the final consumer. Responsible for transporting and processing oil and natural....
In the vast energy landscape, oil, gas, and mineral liens serve as a cornerstone for the protection and facilitation of interests within the oil and gas industry. These liens, while complex in nature,....
In the ever-evolving world of energy, understanding the complexities of the oil and gas industry can be daunting. Dive deep into this enlightening journey as we dissect the intricate web of downstream oil....
When diving into the realm of mineral extraction, it's imperative to grasp the essence and significance of this age-old practice. Mineral extraction, a linchpin of the United States economy, is an intricate process....
Ad Valorem is Latin for according to value. It’s something you need to think about if you operate in the oil and gas industry. Any income earned from the sale or lease of....
Oil and gas leases are complex legal agreements with substantial financial implications. A key aspect of these agreements is the royalty clause, a section that lays down the terms for financial compensation to....
When thinking about the intricacies of modern living, mineral exploration may not immediately come to mind. Yet, it is an essential process that significantly impacts our lives. Mineral exploration is the engine that....
Oil and gas production stands as the backbone of the global energy sector, often referred to as the lifeblood of modern civilization. Responsible for powering various sectors, from transport to manufacturing, oil and....
The question "what is water rights" comes up when property owners are unsure of their rights to the water resources close to the properties they own. Water rights vary across countries and states,....
The world of oil and gas lease agreements can be complex and nuanced, with one critical component being the granting clause. This provision plays a central role in defining the legal relationship between....
In the complicated world of oil and gas leases, understanding the legal terminologies and their implications is crucial. One such terminology is the "entireties clause". This guide delves deep into the realm of....
As the sun dips below the horizon, oil and gas fields continue to pulse with life, their skeletal steel structures working tirelessly to tap into the treasures of the Earth. But even in....
The oil and gas industry is still far from being tapped to its maximum, and vast wealth is waiting to be explored. However, knowing how to calculate royalty interest oil and gas is....
The oil and gas industry is well-regulated at different levels of government. This is mostly achieved thanks to the oil and gas law. We will be having an in-depth look at the oil....
Oil and gas pooling is an exciting practice that brings great industry players together to achieve more. It's a compelling strategy that has been growing more momentum and reshaping the landscape of oil....
Minerals are all around us and make up the building blocks of the world we live in. But what exactly is a mineral? In this post, we will explore the definition of a....
There are a lot of ways to generate passive income and one of the best ones is by investing in mineral rights. Mineral ownership comes with several benefits and perks, but you also....
When it comes to an oil and gas lease, there are some different clauses that come into play and the dry hole clause is one of them. The dry hole clause is associated....
Oil and gas agreements and contracts form the backbone of the energy industry. They provide a legal framework for the exploration, extraction, and transportation of oil and gas resources. Oil and gas agreements....
The correlative rights doctrine is a very important legal doctrine that determines the rights of owners to a common reservoir based on the land owned. It is put in place to prevent overproduction....
Texas is a state that is rich in resources like natural oil and gas and some other minerals. Due to this reason, there are different factors that act on property ownership in Texas....
The habendum clause is the part of a contract that is associated with the interests, property rights, and other related aspects of ownership that are handed over to one of the parties to....
If you ever have to sign an oil or gas lease there may be some terms you’re unfamiliar with. It is in the best interest of a landowner to read and thoroughly understand....
Typically, modern mineral rights ownership is not without its complex issues. In the United States, property is everything. The ability to own property sets Americans apart. It is also worth noting that the....
When you are a surface owner, many questions can arise. This is particularly so when the property has mineral resources. With mineral rights, owners have the right to explore and exploit any available....
Mineral rights is a term that refers to the right to develop and produce a wide selection of minerals taken from the ground. Mineral rights are often separate from property ownership. The minerals....
In the United States, the domestic oil and natural gas industry use very specific measures and units. These units have been used since the industry began and have been retained and expanded upon....
Intangible drilling cost is one of those large tax breakouts afforded by oil companies which lets them subtract the cost of drilling wells in the US. Generally, businesses in the oil and gas....
Named after Lawrence Pugh, a Crowley Louisiana attorney who developed the clause in 1947, the Pugh clause may turn out to be a tripwire for unaware investors in an oil and gas lease....
Oil and natural gas projects generate substantial tax benefits. Oil represents one of the exceptional tax-advantaged investments for big investors. It promises to stand alone above other commodities. As the United States government....
Top leasing oil and gas is a term that refers to a scenario in which an oil and gas lease is implemented on land with an existing lease. The term refers to a scenario when....
Oftentimes, oil gas and mineral leases (OGML) - which exist between the production company that holds the lease of the minerals (the lessee) and the mineral rights owners that leases the minerals (lessor)....
Since 1926, the Oil and Gas Depletion Deduction for small producers has been a part of the United States Federal tax code. Depletion represents a form of depreciation for mineral resources. It enables....
Since the mid-1950s, oil and gas have become the most important sources for the global energy industry. Generally, the oil and gas industry consists of three major segments: upstream, midstream, and downstream. So....
It is no stretch to affirm that the oil and gas business is a lucrative one. However, before dabbling into this industry, you need to acquaint yourself with how it works, including some....
Mineral Interest vs Royalty Interest - What Do You Need to Know? The importance of understanding the difference between mineral interest and royalty interest cannot be ignored. After all, the type of mineral....
A Non-Executive Mineral Interest (NEMI) is a type of mineral interest held by an individual or entity. But it does not give them the right to drill for and produce oil or gas.....
Oil and gas investments are a lucrative business. However, there is a need to understand several terms, including Net Revenue Interest (NRI). Often, the costs of getting access to a tract of land....
Many mineral resources can be found beneath the earth's surface. As a result, if you happen to stumble on oil, natural gas, copper, or zinc, among others - on your surface land, don't....
When it comes to oil and gas in the United States, Texas is the most significant state. The lone-star state produces more oil and gas than any other state in the country and has been....
Like many other markets, the mineral rights market is a time-sensitive one. As a result, actions taken must be swift and decisive. People who wish to sell their rights must be aware of....
You just purchased a piece of land, and minerals have been found beneath the surface. Congratulations! However, such a scenario needs research to determine if you can control these underground resources. Subsurface rights....
It is hard to dispute that this is one of the greatest American dreams: finding oil on your property. After all, proven oil reserves can earn you lots of money. However, it would....
Landowners may hold surface rights and/or mineral rights. However, it is not uncommon for a landowner to possess the rights to everything on the surface but not the rights to any fluid minerals....
After mineral rights are leased, oil and gas production can start. And royalty owners will begin to receive oil and gas royalty statements every month. However, your first royalty statement may be confusing,....
A mineral right is an exclusive right to exploit, mine, and sell minerals found on a particular piece of land. The mineral rights owner is said to have a net mineral interest in the land.....
Being a mineral rights owner requires you to acquaint yourself with how to calculate your net mineral acres and your net royalty acres. With these estimations, you can figure out the value of....
Mineral resources (oil/gas/coal) are naturally occurring commodities or minerals beneath the earth's surface. Oil/gas companies often mine them for economic purposes. Mineral rights deeds ensure rightful ownership. This guide will look into mineral....
It is no exaggeration to suggest that the oil and gas industry plays a crucial role in the global economy and is the primary fuel source in the world. Natural gas exploration and....
It is safe to affirm that mineral resources represent the most important source of energy for mankind. These resources are found in abundance in different locations. Having a property right over a piece....
Earth is blessed with an abundance of resources that have helped man evolve over the past centuries, including crude oil and natural gas. In the past, oil was only obtained when it seeped....
Before buying any property, it is imperative for a buyer to make adequate research about the availability of mineral rights. After all, land deals and agreements sometimes come with disputes. For this reason,....
The mineral rights owner of a property is not always related to land ownership. A property that consists of both surface and mineral estates but is being owned separately is called a split....
Mineral rights are entitlements that grant an owner access to any underground mineral resources. This allows them to explore and exploit these resources. These rights are often sold separately from the land in....
As previously discussed, Mineral estates rights dominate surface estates rights when it comes to mineral exploration and drilling. As such, mineral rights owners may use all the surface estates for mineral production without....
Oil leases are agreements between an oil and gas company known as the lessee and mineral owners known as a lessor, in which the lessor grants the lessee the permission to explore, drill,....
Landmen are members of oil and gas company, mineral, or other energy resource exploration and production team who negotiate and interact with landowners for the acquisition of mineral or other energy lease agreements.....
A mineral rights search involves looking beyond the current property owner to see if any mineral rights records exist. Mineral rights might not be owned by the landowner. It is necessary to inform....
One of the benefits of land ownership is that you have absolute control over the land and can do whatever you please with it. However, have you ever considered what happens below the....
A land or mineral owner, who does not receive a royalty check for 1-5 years, can have the funds turned over to the state. The state holds the cash in a suspense account....
Interpreting mediums that convey interest in oil and gas leases can be a difficult situation at times. It is the same in the art industry, where some terms are used interchangeably with different....
Working interest refers to an investor's responsibility for costs related to exploration, drilling, and production of natural resources. A working interest owner participates fully in all profits from the well due to their....
Mineral Rights refer to mineral ownership rights to underground resources such as fossil fuels (natural gas, oil, coal), mineable rocks like salt and limestone, and metals. In the U.S., regulations cover two types....
Mineral resources are essential to our modern industrial society, and they are used everywhere. We need them to make automobiles, computers, domestic appliances, asphalt roads, homes, machinery, fertilizer, precious metals in jewelry, and....
Thinking of owning land is a huge challenge for many people because of the various factors involved in getting one. You'll spend a lot of time searching online, exploring land deals and inspect....
If you have decided to invest in a mineral lease, your timing could not be better. The current slowdown in oil and gas drilling activity during the COVID-19 pandemic provides investors an opportunity....
When investors are skittish about the economy, they buy gold. The coronavirus pandemic has brought gold buyers out in droves. By March, some major gold dealers were reporting they had sold out of....
Calculating mineral rights value properly is something that many investors struggle with. Discovering you have paid too high a price for mineral rights can be a costly mistake. You naturally may feel shafted.....
Mineral rights refer to the ownership of underground resources such as oil, gas, and minerals, separate from surface land ownership. Often, mineral rights are sold separately from the land itself, meaning a previous....
If you have just inherited mineral rights for the first time, you will need answers to a lot of questions. You will have to wade through legal and financial definitions. Tax liability will....
When it comes to mineral rights taxes, there's a little something for everyone. Whether county, state, or federal, it's important to know where and how you're getting taxed on your mineral royalties to....
Many investors look toward commodities that have potential earning values that have a little downside and great upside potential. Buying and selling oil and gas royalty interests is a valuable and time-tested investment....
The Permian Basin has been producing oil and gas for almost a century. It is so bounteous that it fueled the Allied forces battling Germany and Japan during World War II. As expected,....
