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 going rate for an acreage bonus [...]
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 to sign with [...]
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 Party A [...]
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 [...]