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A surface use agreement (SUA) is a contract between a property owner and a mineral rights holder that dictates how the mineral rights are to be developed. [20] Meaning, when mineral rights are extracted by a company that does not own the property above where the minerals are located, the company has the legal right to extract those minerals ...
When a mineral owner signs a lease, he receives a royalty interest. Overriding Royalty Interest: An overriding royalty interest is a share of income received, unconnected to either mineral ownership or working interest. A person or company may receive an overriding royalty by a contract with an owner of a net revenue interest.
In production sharing agreements the country's government awards the execution of exploration and production activities to an oil company. The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from ...
“This scam has hit multiple tolling authorities, including OTA.” The scam has gotten more sophisticated in the last two weeks, she said. Text messages are sent leading to websites that closely ...
When Oklahoma father and business owner David Ortega signed a mortgage with Home Masters LLC 15 years ago, he thought he was buying his home from its rightful owner, and that his monthly payments ...
Wanted: a real estate scam victim willing to talk to the law. Oklahoma County Assessor Larry Stein is looking for someone who has been scammed online a certain way to come forward so law ...
The Oklahoma Energy Resources Board (abbreviated OERB) is an agency of the state of Oklahoma.Funded voluntarily by Oklahoma's oil and natural gas producers and royalty owners, the OERB conducts environmental restoration of orphaned and abandoned well sites, encourages the wise and efficient use of energy, and promotes energy education.
'It's just been very difficult': Mississippi widow deemed a squatter, saying she lost her home of nearly 20 years to a deed scam — here's what happened and how to protect yourself Bethan ...