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Home / Firm Blog / Oil and Gas

Oil and Gas

19
August
2013

Helpful Oil & Gas Definitions P-Z

Paid-Up Lease.  An oil and gas lease that does not provide for delay-rental payment.  The lease is effective for the whole period of the primary term.

  1. PartitionThe division of undivided interests in kind or by sale, by voluntary agreement or judicial action.

Percentage Depletion.  A provision of § 611 of the Internal Revenue Code that permits a taxpayer who owns an economic interest in a producing oil or gas well to deduct a specified percentage of the gross income from the well in lieu of depleting the actual basis.  See also Cost Depletion. 

Categories: Oil and Gas

29
July
2013

Helpful Oil & Gas Definitions E-O

Economic-Out Clause.  Another name for a gas contract Market-Out Clause.

Entirety Clause.  A clause in an oil and gas lease or in a deed that states the agreement of the parties that royalties are to be apportioned in the event that the property is subdivided after the lease is granted.  The purpose of the clause is to avoid the non-apportionment rule.

Categories: Oil and Gas

24
July
2013

Helpful Oil & Gas Definitions, A-D

Acreage-Contribution Agreement.  A support agreement by which the contributing party agrees to contribute leases or interests in leases in the area of a test well to a drilling party in exchange for information, if the drilling party drills to an agreed depth and develops the information.  See also Support Agreements.

Ad Coelum Doctrine.The common-law doctrine that the owner of land owns everything above and below the property’s boundaries from the heavens to the core of the earth, including all elements therein.  This has generally been replaced by the rule of capture for fugacious minerals such as oil and gas.

Categories: Oil and Gas

16
July
2013

Upcoming AAPL Events

Check out the upcoming American Association of Professional Landmen (AAPL) events in Michigan. The American Association of Professional Landmen is the leading source of information and guidance for the landman profession.

Categories: Oil and Gas

08
July
2013

AAPL Pooling Seminar

The AAPL Pooling Seminar will be held on Thursday, August 1, 2013 at the Amway Grand Plaza in Grand Rapids, Michigan. This Seminar is a one-day program designed to give an in-depth overview of the pooling process.

Categories: Oil and Gas

02
July
2013

MAPL Annual Golf Outing 2013

This year’s MAPL (Michigan Association of Professional Landman) Annual Golf Outing for MAPL Members will be held at the Buck’s Run Golf Club in Mt. Pleasant, Michigan on July 26, 2013 with a 9:00 A.M. shotgun! MAPL members and their guests are invited to participate in a day of golfing, fun, and prizes.

Categories: Oil and Gas

27
June
2013

Did You Know?

Did you know that The Michigan Online Oil and Gas Information System allows the public to search for selected oil, gas, and UIC data from the Michigan Department of Environmental Quality databases?

Categories: Oil and Gas

15
March
2013

Compulsory Pooling Process in Michigan

KFF2011On March 14, 2013, GLF attorney Kate Barnaby gave a presentation on Michigan's Compulsory Pooling Process at at HalfMoon Seminar's Legal and Regulatory Issues in Oil and Gas Seminar in Lansing, Michigan.

Written by: Rebecca Stephen Categories: Oil and Gas

26
October
2012

Kate Barnaby named Up & Coming Lawyer for 2012 by Michigan Lawyers Weekly

Kate BarnabyMichigan Lawyers Weekly has named Gallagher Law Firm attorney Kate Barnaby as one of the 20 attorneys selected as Up & Coming Lawyers for 2012. Ms. Barnaby has been practicing for two years, focusing on oil and gas law.

Written by: Rebecca Stephen Categories: General, Oil and Gas

21
September
2012

Kate Fetkenhier presents Common Title Issues in the Oil and Gas Industry at MAPL seminar

KFF2011Kate Fetkenhier spoke on the Common Title Issues in the Oil and Gas Industry to a packed crowd at the Michigan Association of Professional Landmen's 35th Annual Fall Seminar on Thursday, September 20, 2012 at theAmway Grand Plaza in Grand Rapids, Michigan.

Written by: Rebecca Stephen Categories: Oil and Gas

18
September
2012

Attorney Jack Lynch Selected for Inclusion in the “Best Lawyers in America” 2013

JackLynchBest_LawyerGallagher Law Firm is pleased to announce that Lynch Gallagher attorney John “Jack” Lynch has been selected by his peers to be included in The Best Lawyers in America, 19th edition for his work in the practice area of Oil & Gas Law.

Categories: Oil and Gas

04
May
2011

Considerations for Landowners in Surface Use Agreements

Natural gas companies lease land for surface use in order to build access roads, compressor stations, water impoundments, pipeline activity, gas storage infrastructure, or other infrastructure needs on the landowner's property. It can be tempting to enter into a surface use agreement, but there are issues that a landowner needs to think about before giving a company permission to use their land for infrastructure purposes. Landowners can easily give up more rights than they thought they were when entering into one of these agreements.

Written by: Pat Gallagher Categories: Oil and Gas