Most oil and gas leases contain provisions regarding the distribution of royalty payments to the owner of the land being mined. If you have ever had royalty interests outlined in an oil and gas lease agreement, you know all too well how important it is to protect your rights and ensure you are receiving what you are entitled to in accordance with a valid oil and gas lease under Mississippi law. While many individuals and businesses involved in the Mississippi oil and gas industry work with attorneys to negotiate leases and ensure they are valid and represent the true interests of all parties involved, many do not, and this may lead to a host of problems, as described below.

Potential Problems Associated with Oil & Gas Royalties

Without the help of a highly experienced Mississippi Oil & Gas Attorney, problems involving the payment of oil and gas royalties include, but certainly are not limited to, the following:

• Underpayment of agreed-upon royalties – This may occur when the market value of the oil and/or gas at issue may be improperly measured, deflating the true value of your royalty interests;
• Manipulation of the agreed-upon contract – If you do not have an attorney standing by when you sign a contract regarding your oil and gas royalties, you may not notice if the other party or parties involved have manipulated the contract in some way, whether this is changing the percentage or value of the royalty interest, or removing a royalty provision entirely;
• Failure to produce oil and/or gas in accordance with the lease agreement – By having oil and gas royalties, you rightfully expect that if any oil and/or gas is extractable, and can be produced, then you will receive royalty payments in accordance with the production of the oil and/or gas at issue; and
• Failure to drill and/or explore within a certain time period – Oftentimes, there are deadlines for which drilling and production of oil and/or gas must be complete. If such deadlines are not met, this could mean you are not receiving your complete royalty payments in accordance with the oil and gas lease.

Regardless of what problems you may currently be experiencing, or may experience in the future regarding oil and gas royalty payments in Mississippi, it doesn’t hurt to speak with a seasoned Mississippi Oil & Gas Attorney who can thoroughly investigate your potential case to determine if another party or parties have breached an oil and lease agreement, preventing you from receiving the royalty payments you deserve.

Contact Turk Law Firm, PLLC Today to Schedule Your Free Consultation

Given that Mississippi plays a large role in America’s oil and gas industry, it is no surprise that businesses and individuals within the industry will disagree from time to time on a wide variety of issues. Because disputes regarding oil and gas royalties are fairly common, it is important that businesses and individuals seeking to lease property do so with the assistance of a qualified Mississippi Oil & Gas Attorney. If you believe you have not received the royalty payments you are entitled to, or have a dispute regarding your oil and gas lease provisions, you should speak with an attorney right away. At Turk Law Firm, PLLC, Lindsey McGee Turk helps clients in the oil and gas industry resolve disputes on a regular basis. While she certainly advocates for her clients, Lindsey McGee Turk believes amicable negotiation to meet the needs and interests of all parties involved is the first step to resolving your oil and gas dispute. To schedule your free consultation with Mississippi Oil & Gas Attorney Lindsey McGee Turk, contact Turk Law Firm, PLLC today by calling (601) 214-1471 to schedule your free consultation.