Do oil and gas companies, or their agents, attempt to verify mineral rights ownership prior to making a lease offer?
Yes, they will have a preliminary opinion before they offer to lease your land. They will have an attorney s title opinion before they pay any money to you as your royalty payment. This opinion will state what every landowner s interest within a unit is in decimal terms and will state the nature of the interest (royalty, overriding royalty, working interest, etc.
Related Questions
- Are hydrocarbons really bioattenuating in the shallow vadose zone, or is it propaganda by the oil companies in an attempt to minimize their vapor-intrusion problems?
- Do oil and gas companies, or their agents, attempt to verify mineral rights ownership prior to making a lease offer?
- Are Chinese companies winning international battles to acquire oil and gas assets?