Joint Operating Agreements (JOAs): How Operators and Non-Operators Share Risk

Joint Operating Agreement Oil and Gas

A joint operating agreement is the contract oil and gas partners sign that names one company as the operator and the rest as non-operators, then spells out how they share costs, control, and risk. In short, one party runs the wells day-to-day while everyone pays their proportionate share, and built-in penalties decide what happens when […]

Mineral Rights vs Surface Rights: What Every Landowner Needs to Know

Mineral Rights vs Surface Rights

Most people who buy land in Texas assume they own everything that comes with it. The soil, the trees, what grows on it, and what sits underneath it. That assumption is wrong more often than most people realize, and finding out the hard way is expensive. Texas law allows mineral rights and surface rights to […]