Texas Oil & Gas Law Fundamentals: Oil and Gas Lands Production

Many attorneys benefit from working in mature areas of law where the foundational ideas were long ago established by common law or legislation. Oil and gas law is also well developed, but it maintains a unique connection with the past because of its relative youth and because of the "ownership in place" theory.  Under the "ownership in place" theory, a mineral reservation from 1910 can continue in perpetuity—and the ambiguities and errors made by the previous century’s lawyers can continue just as long.  

Join oil and gas law attorney, Josh Stein, as he examines the creation and interpretation of different interests in oil and gas lands and production. He also describes some common sources of ambiguity in deeds which can create confusion for title examiners and risks for oil companies.

Learning Objectives:

I.   Understand severances of different estates

II.  Interpret reservations of minerals and royalties

III. Avoid and resolve common errors in severing estates