Proper succession planning allows the business owner to determine which option works best for the owner, the family and the business, rather than leaving it to chance and the hope that those left behind will figure it out. It involves planning for the preservation and transfer of control of an individual’s business in a manner that carries out his or her objectives. It is generally designed to insure the viability of the business from one generation to another.
My Producer Has Filed Bankruptcy — Now What?
When an oil and gas company files for bankruptcy…a primer for Texas mineral owners.
Fair Production Allocation Formulas
Internet Resources for Mineral Owners
The Internet has revolutionized access to information for mineral owners. Plentiful Internet resources can now equip you with most of the information you need. This article gathers some of these resources into one place, and is a great place to begin your mineral rights research.
Ten Oil & Gas Lease Clauses You Want
Oil and gas lease clauses are very important in negotiating a lease. Negotiations can be tricky and have long-lasting consequences for your land and how much you receive in royalties. What gets negotiated in an oil and gas lease? Everything. Here are ten clauses you want on the negotiating table.
Does a Mineral Owner Need a Lawyer?
Mineral owners often contemplate whether or not they need a lawyer. So why should you read an article written by a lawyer about whether you need a lawyer? Because there are lawyers out there who actually put their clients’ interests first, even if it means discouraging someone from hiring a lawyer too soon or paying too much for legal services.