The law school at Texas Wesleyan is hosting a two-day conference on oil and gas law that is packed with good speakers and very inexpensive – $140 for both days. TWU 2012 Energy Symposium.pdf There is a lot on the program about the Marcellus Shale. To see the program, go…
The recent volatility in prices for oil and gas leases has raised issues with the time-honored custom in the industry of paying lease bonuses with drafts. Problems have arisin because companies have refused to honor the drafts or because lessors have sought to cancel the transaction after signing and delivery…
Three law firms in Dallas have joined to sue oil companies who backed out of leases covering lands in Arlington, Texas last fall. The three firms — Petroff & Associates, Riddle & Williams, P.C., and Mathis & Donheiser, P.C. — have so far filed two suits on behalf of two lot…
Exploration companies have traditionally used bank drafts to pay bonuses for oil and gas leases. Since drafts look a lot like a check, they can be misleading to mineral owners. Some mineral owners’ recent experiences with dishonored drafts have highlighted the problems with use of these financial instruments. A draft…