Getting oil and gas out of the ground may be the easy part of the energy business. The difficult side comes in drafting sales agreements that are fair and assure everyone involved receives a fair return.
That was the advice of Dallas attorney James Holmes with Holmes PLLC Oct. 20 to a Petroleum Engineers’ Club of Dallas luncheon in a presentation entitled “Marketing Primer and Pointers.” Holmes specializes in oil and gas sales contracts and litigation. The topic is exceedingly complex—and getting more so, he cautioned.
“Lease sales agreements are getting much more complicated,” he said. “I can remember when they might run one page. Now they run 20 pages more—and should be—because they define a business relationship that may last for decades.”