Understanding Your Oil & Gas Lease
Already Have an O&G Lease?
If you already have an oil and gas lease, then both you and the company leasing your land may be profiting from the minerals that are being produced from your property. However, issues arise between landowners and operators on a regular basis, and if the company leasing your property is not adhering to the terms of the lease, then you may need the help of a Colorado oil and gas lawyer who will work to protect your interests.
We are available to assist you in any matter related to oil and gas, including transactions with companies or litigation support in the event that you are in the middle of a dispute that needs to be resolved.
O&G Lease Issues in Colorado
There are a number of issues that you may need to deal with if you already possess an oil and gas lease, such as:
- Underpayment of royalties - Every oil and gas lease is different. Establishing the right market value and ensuring that minerals are measured properly is key if you are to receive the royalty payments you deserve.
- Duty to market - Once mineral production has been achieved, the gas/mining company has a duty to bring that production to market, and pay you royalties in accordance with your lease.
- Meeting deadlines - Many leases contain requirements to drill for minerals within an agreed-upon time-frame. Any minerals produced after a missed deadline may no longer be subject to the terms of the lease.
Contact a Colorado oil and gas law attorney if you are already in possession of an O&G lease and are in need of legal help.
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