Oil & Grease in the News

By -

Be Kind to the Average Joe or Joyce. He or she could be a North Dakota Bakken oil tycoon.  Here is a link to a Yahoo News article with some interesting statistics on the oil boom experienced in North Dakota's Bakken Shale and how it has shaped the local economy.  I'm sure there are stories like this from other rural areas of the country where oil is being produced.

Clean Oil Opportunities in the Bakken Shale.  Profit opportunities in the Bakken come at all levels, and this one comes in the name of good hygiene.   One young entrepreneur and his family convert a trailer into a shower house for the good of Williston, North Dakota's oil field workers.

Popular posts from this blog

Daily & Woods, P.L.L.C. voted as Best Law Firm and Best Estate Law Firm in Arkansas River Valley 2021

By -
Image
Brittney and I enjoyed the opportunity to represent Daily & Woods, PLLC at the Best of River Valley gala last month. I am truly honored that the local community voted us to be the Best in two categories: estate law and overall Best law firm in the Arkansas River Valley Area. We enjoy serving our community and truly appreciate your votes and support!
Read more

Integration (Force Pooling) in Arkansas: What Happens to Unleased Mineral Interests?

By -
If you've ever received notice from the Arkansas Oil and Gas Commission that your mineral interest was subject to an integration application, you may have wondered what "integration" actually is.  Most states refer to it integration as "force pooling" or "compulsory pooling" of non-consenting mineral interests.  In essence, after notice and a hearing, the Arkansas Oil and Gas Commission will enter an integration order that pools all of the unleased mineral interests with the consenting mineral owners located in a particular drilling unit.  The pooled owners share in the unit's production, pro rata, based on their ownership percentages, and other factors. Once an unleased mineral interest becomes subject to an integration order, the mineral owner has the opportunity to elect from four distinct consideration options.  First, the mineral owner can execute a lease at terms satisfactory between the mineral owner and the chosen lessee.  Second, the min...
Read more