It's not uncommon for the price per gallon of gas to become a hot topic of conversation around the old water cooler. Everyone has an opinion. If you spend hours a day commuting for work, you cheer when prices dip. If you rely on oil and gas income to pad the bank account, you like
Where there is income, there are taxes. If you've just leased the mineral rights to your land to an oil and gas company, you may wonder, how will the revenue from royalty and lease payments affect my taxes? How Taxes on Mineral Rights Royalties are Figured The royalties paid to you from the company leasing
Choosing to lease or sell the mineral rights to your property takes time. As you question the process, you may wonder how having an oil rig on your property will affect your day-to-day life. After all, giving an oil and gas company the green light to mine below your home and land means they'll have
As you debate whether or not to sell or lease your land's mineral rights to a local oil and gas company, several questions spring to mind. One initial concern for landowners is how having an oil well on your property will impact the overall value of your land. Does an oil well improve or decrease the
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After you lease the mineral rights to the land beneath your property, you can earn additional income by allowing an oil and gas company to set up a production site on the land. Once the well starts producing, the mineral rights owner can earn royalty interest or landowner's royalty from the sale of the oil
You've been approached by a landman from an area oil and gas company. He's interested in buying the mineral rights to your property and you think it's a good idea. But, what exactly goes into the sale beyond signing the contract and welcoming the company onto your property to begin excavation and production? What Are
You've been approached by a representative or landman from a local oil and gas producer to explore and extract mineral deposits from the land beneath your home. He's discussing leasing options on the mineral rights to your property. But, what does that mean? And, how should you approach this opportunity? Sure, it may seem like
