Search results
Results from the WOW.Com Content Network
A Landman or "Petroleum Landman"—in the United States and Canada—is an individual who performs various services for oil and gas exploration companies. [1] According to the website of the American Association of Professional Landmen (AAPL), these services include but are not limited to: negotiating for the acquisition or divestiture of mineral rights; negotiating business agreements that ...
The first was a tax of 3% on leaseholds (such as mineral rights) and the second was a 5% tax on business activity. Kerr-McGee held substantial mineral rights on the Navajo Nation and filed a lawsuit in the federal district court seeking an injunction to prohibit the tribe from collecting the tax.
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.
The search engine that helps you find exactly what you're looking for. Find the most relevant information, video, images, and answers from all across the Web.
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. [27] 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 ...
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money.
Mineral Law Newsletter — Current developments in mineral law. Water Law Newsletter — Current developments in water law. Gower Federal Services — Decisions of the Interior Board of Land Appeals [7] and the Office of Natural Resources Revenue [8] relating to mining, oil and gas, outer continental shelf, and royalty issues.
The tribe had retained mineral rights to its reservation. [6] Each tribal member had what were known as headrights to the mineral rights on communal land. [ 7 ] [ 8 ] When valuable oil was found on their land and leases were sold for oil production, each member with headrights was paid a share of the lucrative annual royalties for leases by oil ...