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Understanding Ownership Interests in Oil and Gas
Mississippi is one of the leading states that produce oil and gas. If you work in this industry, it’s not uncommon to require the assistance of an oil and gas attorney in Mississippi. This field is complicated and involves legal issues such as reserving minerals, excepting minerals or selling minerals. Oil and gas companies also require attorneys to check the titles, organize drill site opinions and determine who to pay if there is a profit.
With new advancements in technology, the United States is quickly becoming one of the world’s top oil producers. A new technique called fracking allows oil and gas companies to drill down old wells or new locations that weren’t traditionally associated with oil and gas production. With old wells getting new life, what does this mean for the people who drill and the people who own the minerals and the land? Let’s take a look.
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