Lenders venturing into Ohio’s oil and gas industry need to be aware of unique features of the industry and how to conduct due diligence to properly evaluate risk. Successful lenders understand how the maturity of an oil and gas play, unique features of oil and gas assets, and a borrower’s experience can impact risk. Unique… Continue Reading
Category Archives: Other Articles
Subscribe to Other Articles RSS FeedIs There a Right To Appeal an Oil and Gas Drilling Permit in Ohio? [UPDATE: No]
Posted in Other ArticlesOhio Supreme Court Rules Drilling Permits Are Not Appealable to the Oil and Gas Commission The Ohio Supreme Court this week ruled in the case Chesapeake Exploration, LLC v. Oil and Gas Commission, Slip Opinion No. 2013-Ohio-224, agreeing with Chesapeake and holding that there is no right to appeal a drilling permit in Ohio. In… Continue Reading
Dealing With a Mineral Interest Not Administered as Part of Predeceased Owner’s Estate
Posted in Other ArticlesYou are interested in acquiring a gas lease on certain parcel. When you look at the real property records, however, you discover the record owner is deceased. Now what do you do? Who owns the interests? How do you evidence this ownership? This issue might be best discussed in the context of an example. Roger… Continue Reading
Lawsuits Over “Fraudulent” Oil & Gas Leases Often Lack Merit
Posted in Contracts and Leases, Other Articles, Real Estate, Regulatory, ShaleThe Ohio shale boom started slowly when a few small companies quietly began acquiring mineral leases for as little as $25 per acre. This soon gave way to a full blown land rush in the fall of 2010. But as lease prices skyrocketed through the Fall of 2011, disillusioned lessors who signed before the peak… Continue Reading