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Top 10 List for Negotiating a Mineral Lease

by Elizabeth Alford on April 28, 2016

Every day across America, mineral owners receive oil and gas lease proposals asking to lease their mineral interests. Negotiating an oil and gas lease is a big responsibility and requires knowledge, patience, and a balanced mindset. Unfortunately many mineral rights owners don’t do their homework and miss available upside during oil and gas lease negotiations. The following infographic gives you the top 10 things you want to do during negotiations.

top 10 things negotiating oil & gas lease

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The Cooperative Management of Mineral Rights Act is working its way through Congress.

Related: Proposed Law Will Uphold Private Property Rights

Last week, the Subcommittee on Energy and Mineral Resource held a hearing on HR 3881, also known as the “Cooperative Management of Mineral Rights Act. The bill was introduced in 2015 over concerns of mineral rights and drilling on federal lands. It is specifically in response to a court ruling that restricted the U.S. Forest Service’s efforts to regulate drilling on the Allegheny National Forest (ANF).

The bill, penned by U.S. Rep. Glenn Thompson, R-Pa, repeals part of the Energy Act of 1992 in an effort to protect property-owners rights.

“The Cooperative Management of Mineral Rights Act of 2015 will ensure responsible production can occur without impediment,” said Thompson. “This legislation will provide clarity to the regulatory process and continue to respect the long-standing recognition of the fundamental importance of protecting private property rights.”

After many years of litigation stemming from a 2009 lawsuit, the courts have affirmed the Forest Service does not have the authority to regulate oil and gas production when those rights are held by private individuals. This piece of legislation formalizes the court’s decisions by making it law.

 “Our national forests are not national parks.  The oil and gas industry has been an essential part of northwestern Pennsylvania since the drilling of the first oil well in 1859.  This legislation would make sure the use of private mineral rights is a cornerstone of our region’s economic future.” Kevin Moody, Pennsylvania Independent Oil and Gas Association.

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$1.5 Million Royalty Judgment Not Enough

April 20, 2016

A Denver oilman who has made a career out of fighting oil and gas companies says a recent royalty judgment is not enough. Related: Mineral Litigation Surges in Texas A Harris County jury recently awarded Jack and Celeste Grynberg $1.5 million for a four year-old breach of contract lawsuit that claimed Exxon Mobil payed the family unreasonably low prices […]

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Colorado Says NO to Local Control of Oil & Gas

April 18, 2016

Colorado legislators strike down a bill to give more local control over oil and gas activity.. Related: Greeley Colorado Reverses Decision on Drilling On April 4, 2016, the Colorado House of Representatives said no to House Bill 1355, which sought to give local governments the ability to exercise land use authority over oil and gas development […]

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Chesapeake Energy Owes Fort Worth School District $1 Million

April 13, 2016

Chesapeake Energy agreed to pay the Fort Worth School District $1 million in royalties, according to documents released this week. Related: Fort Worth School District to Receive Royalties Texas Attorney General decided the public had a right to know what was going on behind closed doors and on March 8th ordered the Fort Worth School District to […]

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Texas Mineral Owners Face Statute of Limitations to Prove Fraud

April 11, 2016

One family’s eight year court battle over unpaid royalty payments is finally over as an appellate judge levels the final verdict: you waited too long. Related: Mineral Rights Litigation Swells Across Country The family of Charles Hooks III has been battling with Samson Lone Star LP  since 2008 over unpaid royalty payments for oil and gas leases […]

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Anti-Fracking Campaign in Wayne Nation Forest

April 4, 2016

Anti-fracking forces accelerate their efforts in Ohio with a new advertising campaign aimed fracking activity in Wayne National Forest. Related: More Support for Ohio Mineral Owners On a stretch of U.S. RT 33, just southeast of Nelsonville, Ohio, a new billboard is on display just across from the Wayne National Forest headquarters. The message is clear….fracking […]

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Idaho Pooling Now Law

March 30, 2016

Idaho has become the latest state to allow oil and gas producers to drill against the will of mineral owners with forced pooling. Related: Texas Supreme Court Sides with Mineral Owners Last week, Idaho Governor Butch Otter signed Senate Bill 1339, making it easier to force mineral-right holders into a pool with other owners. Pooling is […]

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Mineral Rights Litigation Swells Across Country

March 23, 2016

Two Texas companies squabble over Eagle Ford mineral leases as litigation swells throughout the oilpatch. Related: Arkansas Mineral Owners Sue for Unlawful Royalty Deductions In the major shale regions of the Bakken and Eagle Ford, litigation over mineral rights is booming as crude prices and rig counts have plummeted.  The courts are seeing everything from royalty, […]

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U.S. Rigs at Levels Never Recorded

March 21, 2016

Across the United States, there are now fewer active oil and gas rigs since Baker Hughes began collecting data in the 1940s. Related: IEA: Shale Back on Top by 2021 For the thirteenth-straight week, the overall U.S. rig count fell leaving 476 rigs running by midday Friday. Of this record low number, 89 were targeting natural […]

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