Join our newsletter and get a free copy of "Maximizing Your Minerals"

Discover how you can:

  • Negotiate the best lease for your minerals
  • Understand how the oil companies work
  • Prevent costly mistakes

*Your information will not be shared with others.

BLM Now Offerring Online Auctions

by Elizabeth Alford on October 17, 2016

Investors interested in garnering oil and gas leases on federal lands, now have an easier, online option.

Related: Mineral Auction for Public Land Draws Protest

The Bureau of Land Management (BLM) is moving forward with modernizing their oil and gas program by utilizing online auctions. The decision comes after a successful 2009 test online auction in Colorado as a way for the agency to streamline operations and save money.

In 2015, Congress gave the BLM authority to conduct online sales through the National Defense Authorization Act (NDAA), which amended the Mineral Leasing Act to allow the BLM allowing for both internet-based an oral auctions.

In a press release, the BLM estimates that “internet-based auctions could increase aggregate lease sale revenues by about $2 million a year. The BLM believes that online sales have the potential to generate greater competition by making participation easier, which has the potential to increase bonus bids.”

Official are also hoping that online auctions will relieve some of the tension seen in recent months as groups opposed to fossil fuel development try to disrupt proceedings. In November, dozens of protestors attempted to block a mineral auction in Lakewood Colorado where the BLM was auctioning oil and gas rights on 90,000 acres of Colorado’s public land.

The first online auction took place in September and included about 4,214 acres in Mississippi and Kentucky. The BLM said that the proceeds of $80,223.50 will be split between the U.S. Treasury and the state where the lease is located.

The BLM manages more than 245 million acres of public land and generated $4.1 billion in receipts from activities on those lands in 2015.


{ Comments on this entry are closed }

Texas Couple Sues Talisman Energy for Unpaid Royalties

by Elizabeth Alford on October 13, 2016

Texas couple sues Talisman Energy for unpaid royalties on their property in the Eagle Ford Shale.

Related:Ohio Supreme Court Sides with Mineral Owners

Eugene and Kimberly Cran, filed suit last week against Talisman Energy (Repsol). The couple claims they were underpaid for their royalties for oil wells on their land in DeWitt County.

In 2013, the Crans entered into a lease agreement with both Talisman and StatOil USA, who would each share responsibility for drilling and operating the wells. Each would also pay a 50-50 share of the royalties. They became suspicious when their royalty checks from Talisman were consistently lower than those from StatOil. The couple turned to the courts when they could get no reasonable answers from the company.

The suit alleges that Talisman “From at least June 2013, Talisman Energy USA Inc has systematically failed and refused to pay Plaintiff(s) the full royalties due and owing according to their mineral rights and leases.” 

The suit also states that Talisman didn’t understand the complexity of the Texas law related to oil and gas agreements and that they ‘overestimated’ their capability in this case.

The Provost Umphrey Law Firm LLP represents the Crans as well as more that 100 additional royalty owners in the Eagle Ford. The firm plans to file more royalty payment lawsuits again Talisman over the next few weeks.

{ Comments on this entry are closed }

PA Mineral Owners Left Waiting on Minimum Royalty Guarantees

October 6, 2016

Pennsylvania mineral owners suffer a setback as legislators delay a vote on legislation that would increase royalty payments. Own minerals in Pennsylvania? Join the discussion here. Last week, Pennsylvania House of representatives tabled House Bill 1391, designed to establish a guaranteed minimum royalty payment. The bill would prohibit the use of post-production costs to reduce royalty payments […]

Read the full article →

Chesapeake Called to Account for Dealings with Mineral Owners

October 5, 2016

Chesapeake Energy under federal investigation for possible antitrust violations including how it deals with mineral owners. Related: Chesapeake to Pay Record Royalty Settlement Last week, the U.S. Department of Justice announced that it has opened an investigation into possible antitrust violations by Chesapeake Energy Corp. The agency has issued subpoenas for documents related to how the […]

Read the full article →

Judge Halts Fracking on Public Lands in California

October 3, 2016

Fracking in California has suffered its second setback within the last three years. Related: Lawyers Challenge BLM Ruling U.S. District Judge Michael Fitzgerald has halted a plan to allow fracking on public lands in central California, as they continue to weigh the potential impact of the process. Previously, the U.S. Bureau of Land Management (BLM) had […]

Read the full article →

Cooperative Management of Mineral Rights Act Passes House

September 26, 2016

U.S. House of representatives has upheld the rights of minerals owners in the Allegheny National Forest. Related: Act Moves Forward Earlier this month, the U.S. House passed legislation that reaffirms the rights of mineral owners on the Allegheny National Forest. H.R. 3881, authored by U.S. Rep. Glenn Thompson, R-Pa., was approved by a vote of 395 to […]

Read the full article →

Are Dakota Pipeline Protestors Twisting the Facts?

September 21, 2016

Conflict surrounding the Dakota Access Pipeline has escalated over the last few weeks as protests have become more aggressive and even violent, causing the federal government to step in. Related: Dalrymple at Odds with Sioux Tribe Over Pipeline The debate over the 1,172-mile pipeline has pitted oil and gas with local concerns about the environmental impact of […]

Read the full article →

Ohio Supreme Court Sides with Mineral Owners

September 19, 2016

Ohio mineral owners don’t automatically lose their rights during times of inactivity, according to the state’s high court. Related: New Ohio Law Favors Mineral Owners The Ohio Supreme Court announced last week that they are siding with mineral rights holders in more than a dozen appeals dealing with the Ohio Dormant Mineral Act (ODMA).  The ruling means […]

Read the full article →

Fracking & Air Contamination: New Evidence Points to Inefficiencies

September 8, 2016

A new study released by the University of Texas at Arlington (UTA) suggests that air contamination around fracking sites is more likely due to mechanical inefficiencies than the oil and gas extraction process itself. Related: State Regulators Join Forces to Oppose Clean Air Act UTA chemists gathered samples removed from fracking sites in the Eagle Ford during June and November […]

Read the full article →

EPA: New Competition to Increase Air Quality

September 7, 2016

The Environmental Protection Agency (EPA) has created a competition designed to encourage greater air quality control. Related: EPA Approves Tougher Methane Emissions Regulations Ann Dunkin, Chief Information Officer of the EPA, sent out a memo last week announcing the agency will offer up to two communities $40,000 each to implement a plan to deploy hundreds of air sensors […]

Read the full article →