Joint Operating Agreements (JOAs): How Operators and Non-Operators Share Risk
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 […]
Oil And Gas Lease Agreements: What Every Texas Landowner Should Know Before Signing
A landowner is knocking on your door, or maybe a letter shows up in your mailbox. A company in Texas wants to drill for oil or gas beneath your land. The moment may seem exciting, but it also raises a lot of questions. What does an oil and gas lease agreement actually say? What happens […]
Mineral Rights vs Surface Rights: What Every Landowner Needs to Know
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 […]