Under Oklahoma’s Statute of Frauds at 15 O.S. §136, certain types of contracts, including contracts involving conveyances of real property or modifications thereof, require that the terms of the transaction be memorialized in writing and signed by the party to be charged, or the party against whom specific performance is sought. Cloud v. Winn, 303 P.2d 305, 308 (Okla. 1956). Because a lease of mineral interests is a conveyance of real property, an oil and gas lease must be in writing. Further, an instrument affecting rights in real estate must be filed in accordance with the recording requirements of Title 16 of the Oklahoma statutes to be valid as against third persons. See Amarex Inc. v. El Paso Natural Gas Co., 1987 OK 48 ¶ 14, 772 P. 2d 905, 908.
As October closed out, the price of natural gas posted triple-consecutive sessions of gains, as cooler-than-usual weather is expected throughout the country.
Despite wavering trends in the oil and gas industry, rig data provider Enverus, formerly Drilling Info, has reported oil and gas rig counts increasing by two this week. The US oil and gas rig count currently stands at 902 this week, amid a downcast earnings season, characterized by uncertainty across many fronts.
Ball Morse Lowe attorney Kimberly Wurtz has been appointed to serve as part of the Oklahoma delegation for the Interstate Oil and Gas Compact Commission (IOGCC). Ken Wagner, the Official Representative to the IOGCC for the State of Oklahoma, announced the Governor of Oklahoma’s appointment of Attorney Wurtz, following her presentations on produced water research at this year’s annual meetings.
Where a deed conveys more mineral interest than what was owned at the time of the transaction, and contains either a warranty clause, or in some instances, a special warranty clause, what recourse do the parties to this transaction have?
Despite the recent downturn in oil and natural gas prices, energy companies continue to drill new wells in South-Central and Western Oklahoma.
While American energy continues remain the most valuable resource to our nation, Ball Morse Lowe attorney Kimberly Wurtz has been asked to speak to the Interstate Oil and Gas Compact Commission’s 2019 Annual Business Meeting this week in Oklahoma City. The presentation, entitled, “Mixing Oil and Water: Groundwater Concerns with Oil and Gas Development” sparks a roundtable discussion on concerns and issues regarding oil and gas exploration and production.
Most folks in the United States might catch a glimpse of an oil well or two during the course of their lives.