First, to protect the landowner’s share of oil and gas revenues which may be generated from his or neighboring properties,
..and Second, a properly worded oil and gas lease will insure the owners’ land is protected when the industry uses that property for its exploration and development. It is important that your property is returned to you in a condition suitable for future use.
GOT YOUR DUCKS IN A ROW?
Rights of ways for pipelines and roads are an important part of a landowner’s consideration. If not careful pipelines and company roads can interfere with use of your land. So it’s important to get legal advice early.
Often when there is oil production, family transfers of interest in the revenue stream are considered to save income taxes and estate taxes.