Colorado Oil & Gas Legal Help - Title Opinions
The Importance of a Title Opinion in Oil & Gas Transactions
If your company is considering leasing drilling rights from owners of mineral
rights or acquiring existing production, it is imperative you obtain a
title opinion before proceeding. A title opinion is the written opinion
of a lawyer regarding the current ownership rights relating to the property
in question, based on the findings of a title search. A
Colorado oil and gas lawyer has experience in the field and a specific understanding of such issues
as royalty agreements, surface access rights and liability for production expenses.
You cannot make an informed decision regarding your investment without
information on ownership and leases which may entitle multiple parties
to an interest in the resources produced by your well. If you are to continue
with your project, you also need to know about any royalties due, as untimely
payment can lead to significant interest charges.
Colorado Oil and Gas Law Attorney
Ownership rights relating to any particular parcel of land can often be
incredibly complex. Completely aside from surface rights, mineral rights
may be distributed amongst numerous parties. Each party may lease their
rights to a different oil and gas company. Those rights may be subdivided
further by agreements amongst the companies themselves or by compensation
packages promising a percentage of the proceeds to key personnel.
At Feldmann Nagel Cantafio Margulis Gonnell PLLC, we have decades of experience providing quality
legal advice to our clients in matters involving state and federal law.
For a title opinion regarding oil and gas rights from a firm honored as
Super Lawyers by Super Lawyer Magazine, contact us today.
For help with the vital step of obtaining a title opinion,
contact a Colorado oil and gas lawyer
today.