MINERAL RIGHTS

Getting Started in the New Year

Getting Started in the New Year

I hope that everyone had a wonderful holiday season and that your new year is off to a great start. I always view the new year with a renewed sense of purpose and opportunity. A fresh start so to say. This is a time when we can plan for the coming year not only for our personal but also our professional growth.

So, what’s in store for the new year for mineral owners? No question about it, mineral owners will continue to face a number of challenges in the coming year. The price of oil and gas has been depressed for quite some time now and it appears, depending on the economic analyst you listen to, it could remain that way for some time to come.

The Good, The Bad, The Ugly

The Good, The Bad, The Ugly

As I write this article, I am reminded on the old Clint Eastwood movie title, The Good, the Bad and the Ugly. The movie title aptly describes the current state of the oil and gas industry in Oklahoma.

The Good would be indicated by the recent passage of Senate Bill 809. Thanks to the hard work of a number industry and business organizations and leaders, including Terry Stowers of the Coalition of Oklahoma Surface and Mineral Owners, the legislature passed and the governor signed into law this important piece of legislation. SB 809 reaffirmed the Oklahoma Corporation Commission’s role as the primary regulator of oil and gas drilling in Oklahoma and prohibits cities from enacting drilling bans.