Oil and Gas Leases: Structuring Key Provisions
Negotiating Scope of the Grant, Royalty Obligations, Implied Covenants, and More
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide counsel for land and mineral owners with a review of the essential terms in oil and gas land leases and offer guidance on provisions that can make or break important benefits and protections.
- Scope of the grant
- Royalty clauses
- Implied covenants
- Voluntary versus statutory pooling
- Pugh clauses
Implied covenants and express terms
- Surface damages
- Rights to use surface resources
- Force majeure
- Assignment clauses
- Warranty clauses
The panel will review these and other key questions:
- How should royalty clauses account for expenses incurred, and which costs are typically borne by the owner-lessor and the lease company?
- What kind of surface activities conducted by company-lessees are typically covered by grants of oil and gas leases?
- How can a Pugh clause affect pooling agreements?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Timothy C. Dowd
Elias Books Brown & Nelson
Mr. Dowd's primary area of practice is oil and gas law, including the rendering of title opinions, litigation and... | Read More
Mr. Dowd's primary area of practice is oil and gas law, including the rendering of title opinions, litigation and drafting and negotiation of industry contracts. He has vast experience in oil and gas title examination, transactions and civil litigation representing oil and gas clients for over twenty-five years. His clients include international and independent oil and gas companies and individuals.Close
John B. McFarland
Graves Dougherty Hearon & Moody
He represents land and mineral owners in all aspects of oil, gas and mineral law: leasing of mineral interests, family... | Read More
He represents land and mineral owners in all aspects of oil, gas and mineral law: leasing of mineral interests, family management and estate planning related to mineral ownership, valuation issues, royalty audits and title disputes. For 30 years, he has negotiated oil and gas leases and options covering more than 400,000 acres of land in Texas, and is the author of the Oil and Gas Lawyer Blog.Close
David R. Little
Bjork Lindley Little
His practice focuses on complex oil and gas and regulatory disputes in Colorado and Wyoming involving, among other... | Read More
His practice focuses on complex oil and gas and regulatory disputes in Colorado and Wyoming involving, among other things, contract disputes, joint operating agreements, farmout agreements, joint interest billings, rights of surface owners, royalty payments, and oil/gas leases, as well as a wide variety of other matters including general commercial contracts, easements and rights to use property.Close