Although not as volatile as prior years, last year’s lower oil and gas prices hit the earnings of many operators and service providers—and there is no relief in sight with oil prices down 13% since the start of the year after a sluggish global economy and the coronavirus curbed demand. 2020 could be an interesting […]
Continue reading…Case Study / Extinguishment of Oil and Gas Interests Under the Ohio Marketable Title Act
The Marketable Title Act In 2016 the Ohio Supreme Court held in Corban v. Chesapeake Exploration, LLC (2016-Ohio-5796) that the 1989 Dormant Mineral Act (“DMA”) (O.R.C. § 5301.56) was not a self-executing statue. Since then surface owners have been turning to the Ohio Marketable Title Act (“MTA”) (O.R.C. § 5301.47-5301.56) as an alternative option to […]
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