Oil, Gas, & Mineral Leases
The immense value of natural oil and gas reserves is easy to understand. These are extremely valuable commodities in the marketplace. They are a limited natural resource – so many companies are willing to pay for access to these reserves when they are located. Often, oil and gas are accessed through land leases, where the landowner provides a company the right to explore the land for resources. As a real estate lease lawyer, Rinaldi & Poveromo can help you understand these complex documents to make sure your rights are protected.
A Valuable Asset
If you own a sizable swath of land in Pennsylvania, what you see on the surface might only be the start of that land’s value. In the right location, it can be confirmed that what is hiding thousands of feet under the surface is worth more than the land itself. It’s crucial for landowners who have an attractive piece of property from an oil and gas perspective to get the best possible deal on a lease agreement.
Every landowner must remember a few important things, especially when approached by an oil company with a lease offer. First, this is a negotiation, and you are under no obligation to sign the first lease – or any lease – that is offered. It’s your land, and you decide how to proceed. If the first company you deal with isn’t offering terms that you like, there’s a good chance that another bidder will emerge.
Also, it’s likely that you will only get one chance to make this kind of deal, so you don’t want to rush into it and leave money on the table in the long run. Since you don’t regularly negotiate leases for valuable resources like oil and gas, it’s wise to get the help of an experienced lease agreement lawyer like Rinaldi & Poveromo. With professional assistance on your side, you can level the playing field and avoid being taken advantage of by savvy industry veterans.
Oil and Gas Lease Litigation
Are you currently involved in an oil and gas lease that is not playing out as you expected? Legal action may be the only way to turn things back in your favor successfully. Whether you are a landowner who isn’t being treated properly after the lease was signed, or you are a mining company that is being restricted in some way, standing up for your rights can’t wait.
Experience is perhaps the biggest key to look for when finding a leasing lawyer for this specific type of case. There are details in oil and gas leases that just aren’t seen in other sectors, so you need lease lawyers near me who understand this niche market. Rinaldi & Poveromo brings that kind of knowledge to the table, and we are persistent in our efforts to make sure you get precisely what you deserve out of the deal.
Don’t Wait Any Longer to Get Started
If you need representation from a lease agreement lawyer in an oil, gas, or mineral matter, Rinaldi & Poveromo is ready to serve you. We have been working with clients in Central & Northeastern Pennsylvania for many years, and leases of this type are common throughout the region. Whether you are a landowner trying to secure the best possible deal from an oil company, or you work for an oil company and want to present appealing lease terms to landowners, our experience can work in your favor. We’d love to offer you a free consultation to learn more about your needs.