Archived
Oil/gas well has transferred operators many times, do new division orders have to be signed with each new company taking over?
John's answer
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Answered on July 10, 2013
The primary reason oil companies require division orders is to protect themselves against liability for incorrect payment of proceeds of...
1955 oil lease gives us 1/8 royalty. In 1989 my dad forced to sign division order , since then we get 1/16th. How can that be?
John's answer
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Answered on July 09, 2013
I agree generally with the answers by Koel and Jefferson with the following caveat: Division orders do not always protect the operator from...
Archived
Is a Promissory Note in Texas the same as a Promissory Note in Minnesota?
John's answer
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Answered on July 04, 2013
this sounds like a homework question to me.
I requested a "cost free royalty" on my mineral lease. They said they'd add a clause, but the wording seems contradictory.
John's answer
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Answered on June 28, 2013
Yes, that clause allows certain post-production costs to be deducted from royalty. Also, there is a case in Texas, Heritage Resources v....
Archived
I have like four payday loans that I cant afford to pay anymore. can I go to jail for hot checks if I stop paying on them
John's answer
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Answered on June 28, 2013
There are criminal penalties for stealing goods or services by writing a check that you do not intend to honor at the time you write it. In your...
Archived
Can one lawyer represent 4 limited liability corporations in the same lawsuit as well as all of their shareholders, registered
John's answer
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Answered on June 26, 2013
Your question is a bit confusing because you mention "limited liability corporations" (there are limited liability companies but no limited...
Archived
Am I personally responsible for any clam's against a dissolved corporation that I owned.
John's answer
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Answered on June 24, 2013
If your organization was an S corporation, you were not a partner. This is not merely a matter of semantics. Your status as an officer, director...
Archived
I am an officer for the corporation I work for, but I do not have any ownership. Would I be responsible
for company debts?
John's answer
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Answered on June 24, 2013
Generally, corporate officers are not liable for debts of the company but there are a few situations in which they could be liable. One of those...
Archived
What happens when you can't pay a payday loan? What are my options if this goes to court?
John's answer
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Answered on June 20, 2013
You should check whether the payday lender is properly licensed or operating legally as a credit service organization. See link below. You might...
Archived
Can a company repossess a vehicle if you are owing just one payment?
John's answer
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Answered on June 19, 2013
Maybe . . . it depends on the terms of your note and security agreement.
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