Understanding Interests in Oil and Gas Lands and Production

The theory of “ownership in place” creates a unique position for the laws surrounding oil and gas companies. The theory, which stipulates that reserves can maintain their status in perpetuity, allows legal agreements, including those that are ambiguous or erroneous, to be upheld even centuries later. This CLE course will examine the creation and interpretation of oil and gas land and production interests and how some of the most common sources of ambiguity, including severance and royalties, may... More Info