Joint Operating Agreements
The role of any given party with an interest in an oil and gas development project is dictated by the joint operating agreement. For this reason, it is critical that the agreement be handled by experienced attorneys who have handled these matters before and can make certain they are handled correctly. S. Thomas Throne of Throne Law Office, P.C. has been handling joint operating agreements for more than three decades.
The joint operating agreement dictates each party's role, outlining each party's rights and obligations. It includes provisions for payment of bills, lien rights in situations when bills are not paid, and more. The attorneys at Throne Law Office, P.C. in Sheridan have the experience to handle the most complex joint operating agreements.
For services related to drafting, reviewing, negotiating, or litigating joint operating agreements involving oil and gas projects anywhere in Wyoming, Colorado, Montana, or North Dakota, contact Throne Law Office, P.C.
Mineral rights may be owned by the federal government or an individual owner. That owner may provide an oil and gas lease to one company or several companies while reserving a portion of the proceeds of production, referred to as the royalty. While the lessee, referred to as the working interest owner, may be a single party, more often it is a partnership. The point is that there are any number of parties that have an interest in a single project.
The joint operating agreement dictates each party's role, outlining each party's rights and obligations. It includes provisions for payment of bills, lien rights in situations when bills are not paid, and more. The attorneys at Throne Law Office, P.C. in Sheridan have the experience to handle the most complex joint operating agreements.
Contact Throne Law Office, P.C.
Discuss your legal needs with an experienced Throne Law Office, P.C. attorney today! Call Throne Law Office, P.C. at 307-672-5858 or send an e-mail regarding your current legal needs and your message will be returned promptly.
