Real Estate, Oil & Gas and Real Estate, Oil & Gas and Estate PlanningEstate Planning

Real Estate, Oil & Gas and Real Estate, Oil & Gas and Estate PlanningEstate Planning

OIL & GAS FUNDAMENTALS FOR FAMILY LAW PRACTITIONERSOIL & GAS FUNDAMENTALS FOR FAMILY LAW PRACTITIONERS

OIL AND GAS LAW

PANELIST

JOHN B. HOLDEN, JR., JACKSON WALKER LLP

Typical Documents To Be ReviewedDeed

Mineral DeedMineral Reservation

Royalty Lease

Seismic PermitPipeline Right-of-way

Who owns the minerals• Title Opinion• Title Insurance• Form of Deed• Default Passage

Who owns the minerals• Title Opinion• Title Insurance• Form of Deed• Default Passage

Surface vs. Subsurface Minerals are Dominant Estate Getty Case Executive Rights

Surface vs. Subsurface Minerals are Dominant Estate Getty Case Executive Rights

Lease• Bonus• Delay Rental• Shut-in Payment• Royalty

Lease• Bonus• Delay Rental• Shut-in Payment• Royalty

Other Documents Division Order Pooling Agreement, Amendment

• Non-participating Royalty Interest• Overriding Royalty Interest

Other Documents Division Order Pooling Agreement, Amendment

• Non-participating Royalty Interest• Overriding Royalty Interest

Title• County Deed Records• Real Property• Title Insurance Schedule

Title• County Deed Records• Real Property• Title Insurance Schedule

Ownership• Personal• Corporation

Subchapter S

• LLP• LLC• FLP

Ownership• Personal• Corporation

Subchapter S

• LLP• LLC• FLP

JOHN B. HOLDEN, JR., JACKSON WALKER LLP