Louisiana Oil & Gas Joint Operating Agreement Lawyer

There are numerous legal tools available to landowners and oil and gas companies or lignite mining corporations when it comes to sharing in the responsibilities and rewards of drilling or mining for minerals. At The Law Office of G. Warren Thornell, A.P.L.C., we have spent decades learning the ins and outs of the legal process regarding mineral titles and usage in northern Louisiana. We are available to put this knowledge and experience to work for private landowners and mineral companies alike.

Providing Guided Legal Advice Regarding Mineral Agreements

In addition to this legal experience, Louisiana oil and gas joint operating agreement attorney G. Warren Thornell spent his life growing up around oil and gas. He understands the intricacies of oil field terminology and all the nuances involved in different agreements such as:

• Joint operating agreements. Often, several oil and gas companies will team up together to drill numerous wells on an entire field. This agreement would then control the rights and obligations that arise out of the companies' pooling of money and resources.
• Participation agreements. On occasion, one oil company may not have the money to spend on wells. This company will seek out others to spread out the expense of drilling wells. This agreement would help clearly identify who pays what and which companies receive which shares of any profits.
• Subleases. Some oil and gas companies may seek out leases from landowners without the ability to perform any work on that land. In these cases, these companies can then sublease the land to other companies. This gives the subsequent companies all rights and responsibilities as the original lease, while the original lessee maintains an overriding royalty in the wells.
• Farm-out agreements. These documents are created to cause wells to be drilled and are sought after by companies who cannot cover the cost of the wells on their own. The company who comes in to cover the cost of the well then earns an interest in the lease, thereby profiting from the overall drilling operation.
• Acreage contribution agreements. Drilling or mining companies may seek out an interest in the original lease of the land, thereby avoiding extra drilling expenses.

Ensuring You Choose the Right Agreement for Your Situation

When you hire our oil and gas law firm, we dedicate our time and resources to fully understanding your goals so we can help you choose the right agreement for you. We will discuss with you the benefits and consequences, including tax consequences, of each option. We will then craft your agreement and structure it in a way that is best for you.

Contact Our Shreveport Participation Agreements Attorney

For skilled help determining if an oil and gas joint operating agreement fits your situation, or if you should consider one of the many alternative agreements, contact our Shreveport-based law firm today.