Recent News and Updates
Blog posts tagged with "oil & gas"
The recent oil and gas drilling boom in southeastern Ohio, Pennsylvania and West Virginia has brought about an unexpected visitor for many landowners, including some far For landowners considering a pipeline easement "an ounce of prevention is worth a pound of cure". Proper professional advice and advance planning can save you thousands of dollars. Find out your exact tax consequences before you sign.
Ohio courts have long held that a well is producing in paying quantities if the revenues from the well exceed the expenses involved in maintaining the well. Unless production from the leased property has ceased in its entirety, mineral owners face an inherent disadvantage in deciding whether to argue that wells on the property are no longer producing in paying quantities and the lease has therefore terminated.
On November 30, 2016, the Federal Energy Regulatory Commission, approved a route for the Nexus Gas Transmission pipeline project that will take it 23.38 miles across Medina County. The approved route will bring the Nexus pipeline into the northern part of the county to the south of State Route 57 in a southeast direction, exiting the county near Wadsworth.
On September 15, 2016, the Ohio Supreme Court issued decisions in twelve cases concerning the proper interpretation of the Dormant Mineral Act of 1989 (the "1989 Act").
The Court held that the ODNR has the sole and exclusive authority to regulate oil and gas drilling in Ohio, and that this exclusive authority prevents local government interference with such development.
Oil & Gas Leases May Include Implied Requirement of Minimum Number of Wells to Fully Develop Property
If you are considering leasing your minerals, be aware that disclaiming implied covenants can significantly affect your rights and the producer may be willing to negotiate on this (or other) issues.