Negotiations of Oil & Gas Leases
Oil and Gas Leases in Colorado
Oil and gas leases are legal documents that bind mineral rights landowners. Negotiating
one of these
leases can be a complex, drawn out process. In most cases, a landowner is approached
by the landman, a representative of a production company who has already
researched the local area, established geological formations, and established
the rate of production for other existing wells nearby. As a result, the
basic groundwork for the lease has already been laid when the landman
brings a lease to the landowner to be signed.
Any landowner considering signing a lease should contact a
Colorado oil and gas law attorney who can thoroughly review the lease. The lease is a binding
contract, so an attorney can isolate terms or proposals in the lease that the landowner
may not agree with. The attorney can then negotiate with the production
company for changes or adjustments to those terms. For example, if the
terms regarding the payment of royalties is unacceptable to the landowner
(as royalties can be and are paid in many different ways), then the landowner
can have an attorney fight for a royalty arrangement that is much more
favorable.
Colorado Oil and Gas Law Attorney
Feldmann Nagel Cantafio PLLC provides legal representation in oil & gas cases
of all types. We serve clients throughout the state of Colorado, in areas
including Denver, Steamboat Springs, Boulder, Vail, and Avon.
Contact a Colorado oil and gas law attorney
who can represent you in your oil & gas lease negotiations.