A bill introduced into the 129th General Assembly in Ohio by Rep. Mark Okey (D-Carrollton) in July 2012. The bill is supposed to fix "predatory" practices by oil and gas companies. But it also introduces new drilling rules aside from leasing practices. This is anti-drilling legislation.
Oil and Gas Case Law Update: Recent Decisions Impacting Oil and Gas PracticeLisa McManus
Pennsylvania oil and gas jurisprudence continues to evolve. On April 2, 2015, PBI's panel of energy law practitioners provided a webinar update on the latest appellate decisions that are shaping energy law practice. Included is an overview of Sabella v. Appalachian Dev. Corp.; Citizens for Pennsylvania’s Future v. Ultra Resources, Inc.; Sisson v. Stanley; Harrison v. Cabot Oil & Gas; Pennsylvania Environmental Defense Foundation v. Commonwealth.
A list of contracts issued by the Pennsylvania Dept. of Conservation and Natural Resources (DCNR) issued, as of February 2015, to allow Marcellus and Utica Shale drilling under what PA calls publicly-owned waterways--everything from large rivers to small/nameless creeks. The state receives $4,000 per acre as a signing bonus and a 20% royalty.
The Oil & Gas Technology Forum Drilling Day event, located in London, will provide a platform for you to hear brand new caste studies on how the oil industry can work together to enhance profits, learn valuable strategies from top-level speakers on maximising resources as well as unlimited access to network with peers and leading experts.
Network and listen to leading experts such as Tue Hassenkam, Associate Professor, NanoGeoScience, UNIVERSITY OF COPHENHAGEN, John Corben, Senior Technical Advisor, IEA, Giovanni Botto, R&D Manager Drilling, ENI SPA and more!
Make sure you register now – the first 5 registrations get automatic places at the invite-only Oil & Gas Technology Forum on 26th & 27th March
A bill introduced into the 129th General Assembly in Ohio by Rep. Mark Okey (D-Carrollton) in July 2012. The bill is supposed to fix "predatory" practices by oil and gas companies. But it also introduces new drilling rules aside from leasing practices. This is anti-drilling legislation.
Oil and Gas Case Law Update: Recent Decisions Impacting Oil and Gas PracticeLisa McManus
Pennsylvania oil and gas jurisprudence continues to evolve. On April 2, 2015, PBI's panel of energy law practitioners provided a webinar update on the latest appellate decisions that are shaping energy law practice. Included is an overview of Sabella v. Appalachian Dev. Corp.; Citizens for Pennsylvania’s Future v. Ultra Resources, Inc.; Sisson v. Stanley; Harrison v. Cabot Oil & Gas; Pennsylvania Environmental Defense Foundation v. Commonwealth.
A list of contracts issued by the Pennsylvania Dept. of Conservation and Natural Resources (DCNR) issued, as of February 2015, to allow Marcellus and Utica Shale drilling under what PA calls publicly-owned waterways--everything from large rivers to small/nameless creeks. The state receives $4,000 per acre as a signing bonus and a 20% royalty.
The Oil & Gas Technology Forum Drilling Day event, located in London, will provide a platform for you to hear brand new caste studies on how the oil industry can work together to enhance profits, learn valuable strategies from top-level speakers on maximising resources as well as unlimited access to network with peers and leading experts.
Network and listen to leading experts such as Tue Hassenkam, Associate Professor, NanoGeoScience, UNIVERSITY OF COPHENHAGEN, John Corben, Senior Technical Advisor, IEA, Giovanni Botto, R&D Manager Drilling, ENI SPA and more!
Make sure you register now – the first 5 registrations get automatic places at the invite-only Oil & Gas Technology Forum on 26th & 27th March
New Nominations for Oil and Gas Leases Received in Colorado Joshua Wolcott
Combining his project management and investment banking abilities, Joshua “Josh” Neale Wolcott of Denver brokers deals around the United States to lease and develop lands using environmentally friendly processes. As part of the management team of Cimmaron Resources, Inc., headquartered in Denver, Joshua “Josh” Neale Wolcott is the director of operations and land.
Oil & Gas Programs
This session is a follow up to the introduction to private oil and gas investments given last October. The focus will be on recent Reg. D activity in leases, drilling, and royalty acquisitions. Discussion will also include opinions as to how this asset class differs from other alternatives and how it continues to deliver competitive economic benefits for investors. Additional topics include: Recent trends/opportunities, how to separate the excellent companies from the chaff, how to evaluate opportunities and implement due diligence best practices, liquidity considerations and exit plan strategies.
Moderator: Brad Updike, Mick & Associates
Panelists: Brett Evans, Hull, Evans, Kob LLP; Shawn Smith, FactRight LLC; Gail Schneck, Buttonwood Investment Services
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently finalizing the accounting regulations for leases, expecting to issue the new standards before the end of 2015. The new regulations will require organizations to capitalize many of their operating leases and record them in their balance sheets as assets and obligations.
With high volumes of complex lease contracts for drilling, equipment and joint operations, oil and gas operators are one of the groups that are most affected by the upcoming lease accounting standards. To ensure that they have the IT systems, applications, processes and controls ready to comply and to allow for potentially lengthy lead times, experts strongly recommend organizations to start considering today how technology can help them prepare, long before adopting the standard.
This is a familiar but troubling issue for a growing number of landowners throughout the Marcellus Shale fairway. Imagine you own 145 acres in Tioga County, Pennsylvania. You sign a lease with a modest signing bonus in 2007. You soon realize that your signing bonus is considerably less than your neighbor who signed after you. You contact the landman and inquire why. He tells you not to worry because a Marcellus well will soon be drilled on your property and the monthly royalties will be “tens of thousands” of dollars.
On the Rocks Presentation - Lease Maintenance (February 2015)Burleson LLP
Download slides on Oil & Gas Lease Maintenance presented by Kene Chinweze in February 2015.
For questions, please contact Kene Chinweze at kchinweze@burlesonllp.com
Payment of Delay Rentals Alone Cannot Extend Lease Into Secondary TermRobert Burnett
The Pennsylvania Superior Court recently addressed the issue of whether the mere payment of delay rentals
can extend a gas lease beyond its primary term. In Hite v. Falcon Partners, et al., 2011 WL 9632 (January 4,
2011), the Superior Court rejected the gas producer’s argument that a non-producing lease can be preserved
indefinitely simply by making delay rental payments. In siding with the landowner, the Superior Court affirmed
the trial court’s cancellation of the non-producing lease and sent a clear warning to gas operators throughout
the Commonwealth. Following Hite, there is no question that the so-called “automatic termination rule” is
alive and well in Pennsylvania. As such, landowners and gas operators alike should carefully review the Hite
decision and its potential impact on non-producing leases.
To Drill or Not to Drill: Does PA Recognize an Implied Covenant of Further Ex...Robert Burnett
Over the last 18 months natural gas operators from all over the world have converged on Western Pennsylvania.
Their goal has been to secure new leases from landowners holding valuable mineral rights in the deeper
Marcellus Shale formation. This rush to access the Marcellus Shale is now creating tension between
landowners with existing oil/gas leases and their respective lessees. The royalty payments generated from
these older, shallow well leases pale in comparison to the large signing bonuses and high-volume royalties
associated with deeper Marcellus wells. As such, many of these landowners are now trying to “get out” of
their existing leases and sign new, potentially more lucrative, Marcellus leases.
A basic refresher to fundamental title concepts as they apply to oil and gas law in Pennsylvania, you will learn:
Real property estates Types of ownership
Severance
Adverse possession
Transfer by deed
Rights of the property owner
Co-tenant rights in an oil and gas lease
Working interests v. royalty interests
Development of Oil and Gas in Pennsylvania Where Subsurface Owners Are Unknow...Lisa McManus
Leasing property for oil and gas development is complicated by the inability to identify or locate heirs who own record title to all or a fraction of the oil and gas. This presentation reviews the current Dormant Oil and Gas Act law in Pennsylvania, as well as pending legislation to address this thorny issue.
Pennsylvania House Bill 1414, referred to the Environmental Resources and Energy House Committee on May 16, 2013, which would require PA oil & gas operators to share certain information about production, wells and royalties with landowners/lessors.
Pennsylvania Senate Bill 259, introduced and sponsored by PA Sen. Gene Yaw, which requires more transparency on roytalty statements issued by drillers to allow landowners to see which expenses, taxes, etc. have been deducted from royalty payments. Normally this would be a good thing for landowners, except this bill also includes langage that would allow landowners with old (vertical-only) leases to be "forced" to allow drilling under their property for shale, weakening their negotiating position with drillers. The National Association of Royalty Owners (NARO) is opposed to this bill as passed (as of early July 2013).
Proposed Antero Resources Lease for 6,700 Acres in the Muskingum Watershed Co...Marcellus Drilling News
A copy of the proposed lease from Antero Resources to allow them to drill under (but not on top of) 6,700 acres located in the Seneca Lake area of Guernsey and Noble counties in Ohio, part of the Muskingum Watershed Conservancy District. The MWCD plans to vote on the lease at their Feb. 15, 2013 meeting.
An ebook published by the law firm Porter Wright Morris & Arthur LLP. Contains several blog posts they've published on the topic of oil and gas lease issues for landowners. Our favorite article: My Sister is a Fractivist and Won’t Sign an Oil and Gas Lease. What Can We Do?
New Nominations for Oil and Gas Leases Received in Colorado Joshua Wolcott
Combining his project management and investment banking abilities, Joshua “Josh” Neale Wolcott of Denver brokers deals around the United States to lease and develop lands using environmentally friendly processes. As part of the management team of Cimmaron Resources, Inc., headquartered in Denver, Joshua “Josh” Neale Wolcott is the director of operations and land.
Oil & Gas Programs
This session is a follow up to the introduction to private oil and gas investments given last October. The focus will be on recent Reg. D activity in leases, drilling, and royalty acquisitions. Discussion will also include opinions as to how this asset class differs from other alternatives and how it continues to deliver competitive economic benefits for investors. Additional topics include: Recent trends/opportunities, how to separate the excellent companies from the chaff, how to evaluate opportunities and implement due diligence best practices, liquidity considerations and exit plan strategies.
Moderator: Brad Updike, Mick & Associates
Panelists: Brett Evans, Hull, Evans, Kob LLP; Shawn Smith, FactRight LLC; Gail Schneck, Buttonwood Investment Services
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently finalizing the accounting regulations for leases, expecting to issue the new standards before the end of 2015. The new regulations will require organizations to capitalize many of their operating leases and record them in their balance sheets as assets and obligations.
With high volumes of complex lease contracts for drilling, equipment and joint operations, oil and gas operators are one of the groups that are most affected by the upcoming lease accounting standards. To ensure that they have the IT systems, applications, processes and controls ready to comply and to allow for potentially lengthy lead times, experts strongly recommend organizations to start considering today how technology can help them prepare, long before adopting the standard.
This is a familiar but troubling issue for a growing number of landowners throughout the Marcellus Shale fairway. Imagine you own 145 acres in Tioga County, Pennsylvania. You sign a lease with a modest signing bonus in 2007. You soon realize that your signing bonus is considerably less than your neighbor who signed after you. You contact the landman and inquire why. He tells you not to worry because a Marcellus well will soon be drilled on your property and the monthly royalties will be “tens of thousands” of dollars.
On the Rocks Presentation - Lease Maintenance (February 2015)Burleson LLP
Download slides on Oil & Gas Lease Maintenance presented by Kene Chinweze in February 2015.
For questions, please contact Kene Chinweze at kchinweze@burlesonllp.com
Payment of Delay Rentals Alone Cannot Extend Lease Into Secondary TermRobert Burnett
The Pennsylvania Superior Court recently addressed the issue of whether the mere payment of delay rentals
can extend a gas lease beyond its primary term. In Hite v. Falcon Partners, et al., 2011 WL 9632 (January 4,
2011), the Superior Court rejected the gas producer’s argument that a non-producing lease can be preserved
indefinitely simply by making delay rental payments. In siding with the landowner, the Superior Court affirmed
the trial court’s cancellation of the non-producing lease and sent a clear warning to gas operators throughout
the Commonwealth. Following Hite, there is no question that the so-called “automatic termination rule” is
alive and well in Pennsylvania. As such, landowners and gas operators alike should carefully review the Hite
decision and its potential impact on non-producing leases.
To Drill or Not to Drill: Does PA Recognize an Implied Covenant of Further Ex...Robert Burnett
Over the last 18 months natural gas operators from all over the world have converged on Western Pennsylvania.
Their goal has been to secure new leases from landowners holding valuable mineral rights in the deeper
Marcellus Shale formation. This rush to access the Marcellus Shale is now creating tension between
landowners with existing oil/gas leases and their respective lessees. The royalty payments generated from
these older, shallow well leases pale in comparison to the large signing bonuses and high-volume royalties
associated with deeper Marcellus wells. As such, many of these landowners are now trying to “get out” of
their existing leases and sign new, potentially more lucrative, Marcellus leases.
A basic refresher to fundamental title concepts as they apply to oil and gas law in Pennsylvania, you will learn:
Real property estates Types of ownership
Severance
Adverse possession
Transfer by deed
Rights of the property owner
Co-tenant rights in an oil and gas lease
Working interests v. royalty interests
Development of Oil and Gas in Pennsylvania Where Subsurface Owners Are Unknow...Lisa McManus
Leasing property for oil and gas development is complicated by the inability to identify or locate heirs who own record title to all or a fraction of the oil and gas. This presentation reviews the current Dormant Oil and Gas Act law in Pennsylvania, as well as pending legislation to address this thorny issue.
Pennsylvania House Bill 1414, referred to the Environmental Resources and Energy House Committee on May 16, 2013, which would require PA oil & gas operators to share certain information about production, wells and royalties with landowners/lessors.
Pennsylvania Senate Bill 259, introduced and sponsored by PA Sen. Gene Yaw, which requires more transparency on roytalty statements issued by drillers to allow landowners to see which expenses, taxes, etc. have been deducted from royalty payments. Normally this would be a good thing for landowners, except this bill also includes langage that would allow landowners with old (vertical-only) leases to be "forced" to allow drilling under their property for shale, weakening their negotiating position with drillers. The National Association of Royalty Owners (NARO) is opposed to this bill as passed (as of early July 2013).
Proposed Antero Resources Lease for 6,700 Acres in the Muskingum Watershed Co...Marcellus Drilling News
A copy of the proposed lease from Antero Resources to allow them to drill under (but not on top of) 6,700 acres located in the Seneca Lake area of Guernsey and Noble counties in Ohio, part of the Muskingum Watershed Conservancy District. The MWCD plans to vote on the lease at their Feb. 15, 2013 meeting.
An ebook published by the law firm Porter Wright Morris & Arthur LLP. Contains several blog posts they've published on the topic of oil and gas lease issues for landowners. Our favorite article: My Sister is a Fractivist and Won’t Sign an Oil and Gas Lease. What Can We Do?
Draft Antero Resource Shale Drilling Lease for MWCD-owned Land Around Piedmon...Marcellus Drilling News
A draft lease agreed to by both the Muskigum Watershed Conservancy District (MWCD) and Antero Resources that will allow Antero to drill in the Utica Shale on and under Piedmont Lake property. Terms for the 6,700 acres lease are left blank in this version, although signing bonuses in the area are typically reported to be in the neighborhood of $6,000-$7,000 per acre.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
2. The information provided in this presentation should
not be taken as legal advice.
For specific questions regarding your rights, please
consult an attorney.
3. What is it?
Where is it?
Who’s here looking for it?
What should I be concerned about?
4. Lower Smackover Formation
Organic-rich limestone
Typically 200-300 feet thick
Source rock to the Upper and Middle Smackover
Historical production, first discovered in Smackover
Field in 1937.
10. “The meek shall inherit the earth - -
but not the minerals.”
- J. P. Morgan
“Sometimes you get, and
sometimes you get got.”
- Mark Twain
11. Oil & Gas Lease
A lease is a binding contract that creates legal rights and
responsibilities for the landowner (lessor) and the production
company (lessee).
12. Cash Bonus
An up-front payment or “signing bonus” paid to the landowner by
the leasing company. In a “paid-up” lease, this is the only significant
cash paid to the landowner until and unless a producing well is
established on the property. This amount is nearly always
negotiable.
13. Primary Term
The primary term is the number of years that the lease will be in
effect unless a well is being drilled or a producing well is completed
on the property. A typical primary term offered today in Arkansas is
three to five years, but may be more or less.
14. Secondary Term
The duration of the lease extending beyond the primary term if a
producing well is developed on the property, or on other land that
has been “pooled” or combined with the leased property for
production.
15. Renewal
Many leases also have an option to renew, which allows the lessee to
renew for additional years (without drilling a well) by paying a
second specified bonus before the end of the primary term.
16. Royalty
The landowner’s share of production or profit from oil or gas
produced from the leased property. Royalty may be calculated before
or after expenses, and may be based on various factors.
17. Shut-in Royalty
Payment to the landowner when a gas well is capable of production,
but is shut down for some period of time. Landowners should
understand that when a well is shut-in, there is no gas being
produced and no royalty being paid on production.
18. Pooling Clause
Allows the lessee to “pool” or combine your property with other
nearby property to produce gas from one or more wells designed to
drain the entire pool as a unit.
19. WHY ESTABLISH DRILLING UNITS?
• Protection of correlative rights
• Protection of the oil and gas producing
reservoir
• Prevention of waste by overproduction
• Establish area for sharing of production
proceeds and production costs
20. Damages Clause
The lease should state clearly that the operator or lessee is liable for
surface damages to crops, timber, roads, and other improvements.
21. Warranty of Title
Most form leases contain a clause whereby the lessor “warrants
and agrees to defend the title to the lands herein described.”
This could require the landowner to defend the Lessee in court.
10. Lessor hereby warrants and agrees to defend the title to the lands herein
described, but if the interest of lessor covered by this lease is expressly stated to be less
than the entire fee or mineral estate, lessor’s warranty shall be limited to the interest so
stated. Lessee may purchase or lease the rights of any party claiming any interest in
said land and exercise such rights as may be obtained thereby but lessee shall not
suffer any forfeiture nor incur any liability to lessor by reason thereof. Lessee shall
have the right at any time to pay for lessor, any mortgage, taxes or other lien on said
lands, in the event of default of payment of lessor, and be subrogated to the rights of
the holder thereof, and any such payments made by lessee for lessor may be deducted
from any amounts of money which may
22. Pugh Clause
Put simply, when operator finishes the drilling started in
the primary term, the lease becomes severable, freeing up
the lands the operator failed to develop.
If at the end of the primary term, a part but not all of the land covered by this
lease, on a surface acreage basis, is not included within a unit or units in
accordance with the other provisions hereof, this lease shall terminate as to such
part, or parts, of the land lying outside such unit or units, unless this lease is
perpetuated as to such land outside such unit or units by operations conducted
thereon or by the production of oil, gas or other minerals, or by such operations
and such production in accordance with the provisions hereof.
23. Statutory Pugh Clause
Prevents extending the term of a lease to lands with no
activities. Parties can agree to extension.
15-73-201. Lease extended by production -- Scope.
(a) (1) The term of an oil and gas, or oil or gas, lease extended by activities on
lands in one (1) section or pooling unit, whether established by rule or by order of
the Oil and Gas Commission or the lease, shall not be extended to sections or
pooling units under the lease where there has been no activity.
24. A statutory process to protect the correlative
rights of mineral interest owners.
Drilling imminent.
Unleased mineral interest owners.
Application – Notice – Hearing.
Options.
Lease
Participate
Elect Non-consent
No Response
26. Developed to accommodate horizontal drilling
Establishes well spacing and drilling unit size
Drilling Units – Governmental Sections
(~ 640 acres)
Maximum of 16 wells per Drilling Unit
27. Variable Set
Back 560 ft to
1320 ft
+ 5280’
_
+ 5280’
_
Set Back Area are off limits for completions, without approved exception location.
28. Completion
Areas
5280’ Set Back
Areas in Red
Completion
Areas
5280’
Set Back Areas are off limits for completions, without approved exception location.
29. Royalties are paid to the recorded mineral interest
owner.
Mineral rights transfer with property absent a
reservation.
Contact Operator
Deed - Name - Address - Tax ID.
30. Mineral Estate is Subservient to Surface Estate.
Mineral Owner – Reasonable Use of Surface.
Lessee Required to Return Property to Original
Condition “As Near As Practicable”.
31. Arkansas Oil and Gas Commission
Arkansas Department of Environmental Quality
Private Attorney
32. Record Mineral Interest Owner
Land Grab = Ownership Map Leasing
Division Order Before Royalties
Attorney Title Opinion
Locate Mineral Interest Owner
33. Location, Location, Location
Established Production
Infrastructure
Coffee Shops and Water Coolers
Negotiate
34. Lease = Binding Contract
Breakable?
Fraud
Mistake
Virtually All Are Enforceable.