TOP TEXAS OIL AND GAS LAWYERS Oil and Gas ownership laws are different in U.S as oil and gas are mostly private owned, whereas, in many countries it is government owned. Oil and gas laws in U.S pertains the acquisition and ownership rights in oil and gas. In U.S, oil and gas rights may be owned by private corporations, private individuals or even by local, state or federal governments. Oil and gas rights are owned by surface landowners and these rights may be bought, sold or even transferred. These laws vary from state to state. An owner of the estate also owns the minerals underneath the surface, limited by the extent of the surface rights. As oil and gas are fluids, these may flow to other property boundaries. In this case, an operator may lawfully extract oil and gas from beneath the land of another but cannot angle a well to extract oil and gas from the property not owned or leased to him. Oil and gas extraction in U.S faces two major concerns- rule of capture and the correlative rights doctrine, which varies from state to state. Rule of capture allows the oil producer of one property to drain out oil from underneath a neighbour’s land as quickly as possible, which depletes the gas pressure and also reduces the oil availability. State law has limited …show more content…
A land man secures the rights to drill or operate on land owned by individuals, companies or the government. They negotiate with land owners to buy or lease the land for drilling or pumping. A land man needs an associate degree in land management and excellent communication