Law of Oil and Natural Gas

Description

Excerpt from Law of Oil and Natural Gas: A Hand Book of the Statutes of Texas and the Decisions of Its Courts Relating to Oil and Natural Gas, the Organization and Operation of Oil and Gas Companies, and the Ownership and Transfer of Mineral RightsThe recent development of extensive oil and gas fields in Texas and the activity displayed in their exploration and mining operations therein are thought to justify this effort to present, in brief and convenient form, the statutes of this State and the rulings of its courts bearing on the subject.We have included so much of the General Corporation Laws as have any application, the statutes relating to mines and mining, those regulating oil and gas wells, the act governing issuance and sales of corporate stock, commonly known as the Blue Sky Law, and a concise summary of the rulings of the appellate courts of the State on mineral rights in land, their ownership acquisition and transfer.Large sums of money are being invested in these interests by men who have had little opportunity to learn the law governing the rights and contracts with which they are dealing. Lawyers called upon to advise them sometimes find themselves entering upon a new field, and compelled to search through many volumes of statutes and reports for an answer to the questions asked them. Even those who have made special study of the subject may welcome a manual like the present, which brings into brief compass the information required.We have sought to bring this presentation of the subject up to date, by including important statutes enacted by the present Legislature (the 34th) and recent decisions of the appellate courts accessible to the profession only through advance sheets of the volumes in which they are to appear. Questions of great interest are involved in some of these rulings and in cases pending and not yet determined, to which attention is called.We have added forms for the creation of corporations…