Archive for April, 2009

How do you value non participating royalty interest in a non producing prospect?

Thursday, April 16th, 2009

  How do you value non participating royalty interest in a non producing prospect? Question answered by: Michael Hayes There are many variables that factor into this question:     A) On a net mineral acre basis, I believe that to determine the worth or value, the standard equation would simply be to multiply the […]

What is the Mother Hubbard Clause?

Saturday, April 11th, 2009

Mother Hubbard Clause: Answer Provided by: Westley Lohmann In the Oil and Gas Lease the Mother Hubbard Clause is such that it covers not only the main property, but also any and all adjacent and/or contiguous properties of the property owner. For instance, if Mr. Hurst owns 15 acres of property that he is willing […]

What is The Doctrine After Acquired Title?

Saturday, April 11th, 2009

Answer Provided by: Christie Lohmann The Doctrine After Acquired Title is: When Party A sells property to Party B, yet Party A does not actually have title to said property. Then Party A buys property from Party C, the true owner of said property, leaving Party B out the money given to Party A and […]

What is a Landman?

Friday, April 10th, 2009

A self-employed individual or company employee who secures oil and gas leases, checks legal titles, and attempts to cure title defects so that drilling can begin. Landmen are a crucial, integral, and vital part of the energy industry. Landmen work for oil companies in Texas, New Mexico, Oklahoma, Lousiana, Kansas, Arkansas, Virgina, North Carolina, South […]