Category: Blog

HELPFUL TERMS Listed below are general definitions commonly used in the oil and gas industry:   GENERAL OIL & GAS DEFINITIONS   ASSIGNMENT The legal instrument whereby Oil and Gas Leases or Overriding Royalty interests are assigned/conveyed. ASSIGNEE The person to whom Oil and Gas Leases or Overriding Royalty are assigned. ASSIGNOR Person conveying Oil…
Read more

HELPFUL TERMS Listed below are descriptions of different oil and gas deeds as well as definitions of estate and probate terminology commonly seen when transferring oil and gas royalties from estates:   OIL & GAS DEED TERMINOLOGY   JOINT TENANT DEED Transfers undivided co-ownership to two or more people whereby, upon the death of the…
Read more