

Wyoming Oil and Gas Title Opinion LawyersA title opinion is crucial to the protection of an oil and gas production company considering leasing drilling rights from owners of valuable mineral rights or for companies acquiring existing production. For a title opinion regarding oil and gas rights anywhere in Wyoming, Colorado, Kansas, Montana, North Dakota, or South Dakota, contact the Throne Law Office. Ownership of mineral rights, independent of ownership of surface rights, may be distributed among several parties. Each owner may execute a lease to convey their rights to a different oil and gas company. Those rights may be further subdivided when companies enter into agreements among themselves, or convey a percentage of the proceeds to engineers and key personnel as a part of their compensation package. However, since only a limited number of wells can be drilled on a parcel of land, there is substantial risk to the oil and gas production company which is about to assume the costs of production. Prior to drilling a well, an oil and gas production company needs an experienced mineral rights title opinion lawyer to determine ownership and leases that may entitle other parties to an interest in the oil or gas produced by the well and any royalties due. Under Wyoming law, an oil and gas production company that does not pay royalties within a specified time must pay the owner 18% interest in addition to the royalties owed.
The title opinion lawyers at the Sheridan, Wyoming-based Throne Law Office are experienced in dealing with oil and gas law issues such as complex ownership of mineral rights, well density, royalty agreements, surface access rights, and who is responsible for production expenses. To arrange for a title opinion for your lease or project, contact the Throne Law Office today. 2 North Main Street, Suite 402 P.O. Box 1056 Sheridan, WY 82801 Phone: (307) 672-5858 Fax: (307) 674-6104 Map & Directions • E-mail Hours: 8 a.m. to 5 p.m. Monday through Friday
|