Posted on Thursday, June 19th, 2014 at 3:50 pm
A lawyer and Texas A&M assistant professor shared her knowledge about how to protect one’s surface property during mineral rights negotiations at the Grayson County courthouse on June 12, Fox Texoma reported.
In light of a burgeoning oil and gas industry in the state, the lawyer, assistant professor and extension specialist at Texas A&M Tiffany Dowell offered residents valuable tips to protect the surface estate during oil and gas leases. She advised landowners to ensure the inclusion of detailed rules on a lease to specify how the surface land should be used. If not, oil and gas companies can take advantage of the contract and not respect the land.
She further stated that consulting with an attorney before coming to an agreement with the oil company is a good way to protect landowners’ interests.
Whether you are trying to sell or lease your mineral rights, our team at The Mineral Auction is here to help you make an informed decision. To seek assistance, call us at (512) 698-2802 today.