Oil Gas & Energy Law - The Woodall Law Firm

Oil and Gas Law: Lease Bonus and Royalty Payments

By WB Admin|2019-11-19T13:32:01-06:00August 16th, 2017|Oil Gas & Energy Law|Comments Off

Oil and gas prospectors in Texas frequently offer to lease land rights from landowners. Basic oil and gas land usage rights leases are broken down into a lease bonus and royalty payments. When negotiating a lease with company or individual prospector, it’s important to seek legal advice to ensure you’re protected and receiving fair compensation. Working with our oil and gas attorneys here at The Woodall Law Firm PLLC can help walk you through [...]

Oil and Gas Industry for Royalty Owners in Texas

By WB Admin|2019-11-18T17:07:01-06:00June 6th, 2017|Oil Gas & Energy Law|Comments Off on Oil and Gas Industry for Royalty Owners in Texas

Many oil and gas royalty owners in Texas have been hit hard by declining oil prices. Some of our clients at The Woodall Law Firm PLLC have asked what they should expect near-term with regards to oil royalties. Oil price fluctuations are sensitive to several factors like geopolitical turmoil, economic output, and consumer demand. Recently, the United States of America has increased its oil production significantly. Oil production in the US exceeds nine million [...]