Tag: oil and gas rights

Mineral Owners How a Major Railroad Company Became a Big Player in the Oil Business

How a Major Railroad Company Became a Big Player in the Oil Business

Adam Smith is credited with the quote “Land is the Basis of all Wealth”. And we know a few railroad companies that would agree. In a recent oil and gas leasing class, we discussed different types of oil and gas mineral ownership in the United States, such as Federal, State, Tribal, and private ownership. And …

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Industry University of Texas’ PETEX® Collaborates with LandGate

University of Texas’ PETEX® Collaborates with LandGate

The University of Texas at Austin PETEX® has selected LandGate Corp to conduct classes for professionals beginning in 2021, teaching Energy Resource Fundamentals. PETEX®, a unit of the Cockrell School of Engineering at the University of Texas, is the worldwide leader in professional energy training.  PETEX® is responsible for training over 700,000 oil and gas …

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Mineral Owners Oil and Gas Lease Provisions Explained

Oil and Gas Lease Provisions Explained

Historically, mineral owners (“lessors”) and landmen/oil companies (“lessees”) spend most of their time focusing and negotiating the bonus payment, primary term and royalty provisions of an oil and gas lease. These provisions are important, but they represent only a small number of the important elements of the lease.  The following is a list and general …

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