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The Responsible Federal Oil and Gas Lease Act (2008), also called the "Use It or Lose It" bill (HR 6251 IH), proposed prohibiting the Secretary of the Interior from issuing new federal oil and gas leases to holders of existing leases who do not either diligently develop the lands subject to such existing leases or relinquish such leases. [9]
Many states, such as Pennsylvania, require a deed to have a habendum clause in order for the deed to be officially recorded and recognized by the Recorder of Deeds. Habendum clauses are also found in leases, particularly oil and gas leases. The habendum clause can define how long the interest granted will extend.
Minerals can refer to oil, gas, coal, metal ores, stones, sands, or salts. An owner of mineral rights may sell, lease, or donate those minerals to any person or company as they see fit. Mineral interests can be owned by private landowners, private companies, or federal, state or local governments.
On June 5, 2014, the state of Michigan filed felony fraud and racketeering charges against the company, alleging that the company canceled hundreds of land leases on false pretenses after it sought to obtain oil and gas rights. [46] Michigan attorney general Bill Schuette claimed that the company "obtained uncompensated land options from these ...
By 2008 the Marcellus Formation had become the focus of shale gas development, starting in Pennsylvania. Leasing agents aggressively sought out acreages to lease mineral rights in Pennsylvania. [21] The price for leasing rose from $300 per acre in February to $2,100 in April, 2008. [22]
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. RMMLF Journal — Original and reprinted law review articles.
Pennsylvania’s next attorney general will have the discretion to focus on gun crimes they deem important. Here’s where Democrat Eugene DePasquale and Republican Dave Sunday stand.
Linn was an attorney at the law firm Ecker, Ecker, Zofer and Rome from 1977 to 1980. [2] He was general counsel for Meridian Exploration, an exploration company in the Appalachian Basin, from 1980 to 2000. [3] He served as the President of Allegheny Interests from 2000 to 2003.