Ownership and Transfers

Gas and oil ownership and transfers are matters of property law. In the United States, gas and oil is property that can be sold or leased by their owner. Articles in this section discuss competing claims to gas and oil, methods of transferring them, as well as other ways property laws affect gas and oil rights.

Eric Johnson
Written by
about Leases + Ownership and Transfers
on January 2, 2012

Group Leasing or Group Mineral Selling

We are often asked whether a landowner should join a “group.” The short answer is “it depends.” Certain landowners will benefit from joining a group while others will do better standing alone.

Factors we consider include:

  • How many acres do you own?
  • Are you willing to sign a lease that allows the company to drill on your property?
  • Are your neighbors leased?
  • If your neighbors are leased, did they sign with the same company that has approached you or a different company?
  • Is the group made up of large landowners or small landowners?
  • Is the group centered around your property or spread out?

Eric Johnson
Written by
about Leases + Ownership and Transfers
on June 22, 2011

Selling your Minerals

What Companies Are Buying Minerals?

There seem to be several companies now in Ohio that are attempting to buy mineral rights.  Of course more mineral buying companies will spring up from time to time.

What are they after?

These companies want to purchase your oil and gas mineral rights.

How are mineral rights different than oil and gas leases?

When you sign an oil and gas lease, you give a company the right to drill for oil and gas within a fixed period of time (say 5 years). If no well is drilled within that time frame, the lease will expire.…

Gas and Oil Leasing FAQ

Frequently Asked Questions About Oil and Gas Leasing and Drilling

Q. How long does an oil and gas lease last?

A. Usually, a long time. Most leases have two terms that affect their duration. The primary term is a fixed period of time (e.g. five years) during which the lessee has to achieve a certain result. If that result is achieved, then the secondary term kicks in, which is of indefinite duration. Most often, a lease will specify that a well must be drilled within the primary term and that once this happens the secondary term commences and continues for so long as there is production from the well.

Eric Johnson
Written by
about Drilling and Producing + Leases + Ownership and Transfers + Royalties
on January 4, 2011

Oil and Gas Law 101

The first commercial well drilled for oil was the “Drake” well, which was drilled in 1859 in eastern Pennsylvania,. Many years and many wells have passed since that time and, as would be expected, many disputes have arisen concerning the leasing, drilling and operation of oil and gas wells in the United States.

Since I began practicing law in 1983, I have been involved in all manner of such disputes – some of which ended up in court. Some involved claims between landowners (Lessors) and the company who took an oil and gas lease (Lessees). Some involved claims between co-owners of a lease rights.…