future developments + regulations
TRANSCRIPT
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FUTUREDevelopments + Regulations
presented by Margeaux KimbroughDecember 4, 2015
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The MarketImpacts the Law
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What Does this Mean?
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DECREASE
in acquisitionin investmentin litigation
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The MarketWill Improve
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Things to ConsiderDecrease in production affects
validity of oil and gas leases
Increase in involuntary title transfers
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Dormant MineralSTATUTES
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in Ohio
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in Ohio
Eisenbarth v. RuesserS.Ct. Case No. 2014-1767
Taylor v. CrosbyS. Ct. Case No. 2014-1886
Walker v. NoonS. Ct. Case No. 2014-0803
Tribett v. ShepherdS. Ct. Case No. 2014-1966
Shannon v. HouseholderS. Ct. 2014-1208
Farnsworth v. BurkhartS. Ct. Case No. 2014-1909
Wendt v. DickersonS. Ct. 2014-2051
Dahlgren v. Brown Farm Properties, LLC
S. Ct. Case No. 2014-1655
Hans Michael Corban v. Chesapeake Exploration
S. Ct. 2014-0804
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Predictions
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What Does this Mean?
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Clarity
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Dormant Oil + Gas Act (House Bill 67)
Not a mineral lapse statute
Provides mechanism to establish a trust for missing oil and gas interest owners
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Amendment to Dormant Oil + Gas Act
(House Bill 67)
Introduced January 21, 2015
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Amendment to Dormant Oil + Gas Act
(House Bill 67)
Introduced January 21, 2015
“an interest in oil or gas in land owned by a person other than the owner of the
surface, which has not been sold, leased, mortgaged or transferred by
instrument recording in the recorder of deeds office for the county where the interest is located for a period of 20
years, shall be deemed abandoned…”
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Not the 1st
Rodeo
House Bill 97
Senate Bill 258
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TAKEAWAYS
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Thank You!Margeaux KimbroughKegler Brown Hill + [email protected]/kimbrough614.462.5437
@MargeauxEsq
linkedin.com/in/mkimbrough