Texas Oil and Gas Attorneys

 

The United States is poised to become the world’s top oil and gas producer, due in part to new technologies that make oil drilling and extracting more accessible. As oil production increases, so does the complexity of the laws that govern the industry.

For many years the laws governing land ownership included everything below the surface of the land down to the center of the earth. It has been the trend of Texas courts to continue to protect the surface owner’s absolute right of possession of land when someone else intrudes in the subsurface of land from installing a gas or oil pipeline; however, not all surface owners of land own the oil or gas underneath their land. In most cases, the oil will belong to the first person to capture the oil or gas through extraction.

Contact our Dallas oil and gas lawyers today to gain a legal edge-in exerting your property and drilling rights.

 

Oil and Gas Lease Agreements

 

Our team of Dallas, Texas oil and gas attorneys can help you form and negotiate gas and oil agreements because of our knowledge and experience of the gas and oil business. Because we’re based locally in the heart of Texas’ petroleum industry, we understand the importance maximizing profits through advantageous lease agreements and land contracts which protect you from liability and potential pitfalls due to the uniqueness of oil and gas itself. If you are a Texas land owner who would like to receive royalties, we can represent you and negotiate a contract that advantageously protects you while maximizing profits from your land whether you want to receive payments or receive cost-free barrels of oil which you can the resell on the market.

If you have questions regarding oil, gas, or land rights in Texas, call us today for a consultation regarding the heavily regulated area of mining, drilling, fracking, or pipeline installation.

 

Oil and Gas Royalty Disputes

 

If you own land and the rights to the oil and gas beneath it, then you can collect oil and gas royalties – the payment to a landowner of the mineral rights for the rights to drill and produce on the land by leasing the mineral rights to your property. If an oil company extracts the oil or gas from your property, then you may have the rights to these royalty payments. As an oil company you want to make sure you are leasing mineral rights from the right owners before you invest money into drilling, exploration, and operations. You may even want to contract out different parts of the drilling and exploration rights under your leases to other companies in exchange for an additional royalty or an override on your leases.

But what happens when a dispute arises over the royalties, leases, and overrides? The Oil and Gas dispute attorneys at LaSusa & Deb, PLLC can help negotiate or even litigate a royalty dispute if necessary. Call us for a consultation today at 214-584-6505.

Oil and Gas Contracts

When properly written, an oil and gas contract is beneficial to both parties. An oil and gas contract may seem lengthy, but it is a long-term commitment. A poorly written contract will unnecessarily only end up in a dispute between the parties involved. While some issues are common to all oil and gas contracts, other terms such as length of extraction, property rights, pooling clauses, surface rights, operating agreements, grants, and royalties differ greatly especially in the State of Texas.
Hiring a Dallas oil and gas lawyer for your contract will put you in an advantageous and stable position while negotiating the best terms possible for your venture.

Oil and Gas Tax Structures

People who own oil and gas producing land or hold contracts or leases for the production of petroleum may be eligible for certain tax incentives and exemptions. The tax code is complicated and the skilled oil and gas tax attorneys at LaSusa & Deb, PLLC, can guide you through the tax code maze.  Whether you pay taxes as a producer, supplier, royalty owner,  lessor or lessee, the tax implications may be different.”  For example, if you have a low-producing gas well, an exemption may be available to you. Depending on the average price of gas, a low-producing well incentive can be lower than the high-cost gas reduced tax rate; but, consulting with our Dallas tax structuring lawyers will help you understand your rights. Call us today at 214-584-6505