Section Newsletter Articles on Mineral Law
Department to consider injection well issues
, March 2016
Class II wells are used to inject fluids associated with oil and natural gas production. These fluids are primarily salt water that is brought to the surface while producing oil and gas.
Partition of minerals
, December 2015
A look at the case and legislative history of partition in Illinois.
Executive leasing rights—Duties owed and unresolved issues
, April 2015
Executive rights are generally the power to execute leases on behalf of the mineral owner. The rights are created by both grant and reservation. Author Matthew McArthy discusses the existing law in Illinois and unresolved issues.
If you can’t beat ‘em, tax ‘em
, June 2013
This article provides an overview and highlights some of the regulatory provisions contained in the Illinois Hydraulic Fracturing Tax Act.
Comments from the editor
, November 2012
Mineral Law Section Chair (and newsletter editor) Craig Hedin provides an update to various issues and legislation affecting the mineral law industry.
Section Council drafts model form Oil and Gas Lease
, April 2012
Over the past year, the members of the Mineral Law Section Council discussed and reviewed various forms of oil and gas leases utilized in the State of Illinois. The Section Council drafted a model form, which is set forth herein.
Leasing activity in southern Illinois
, December 2011
If activity in Illinois follows a similar pattern to other basins, some drilling for the purpose of data collection can be expected to occur relatively soon—perhaps before the end of the year.
Recent oil and gas rule changes
, September 2011
A summary of some of the rule changes enacted by the Illinois Department of Natural Resources, Office of Mines and Minerals, that went into effect earlier this summer.
Tax deeds void as to proceeds of oil produced prior to issuance of tax deed
, September 2011
Oil buyers should not pay out oil proceeds generated prior to the issuance of Tax Deeds purporting to cover impounded proceeds. Those proceeds belong to the owner of the property sold for taxes up to the date of the issuance and recording of the Tax Deed. If that owner cannot be found, then those proceeds must be handled as unclaimed property and reported to and sent to the Illinois State Treasurer in accordance with the Unclaimed Property Statute.
Illinois drilling permits—The upward trend ends
, October 2009
An analysis of drilling permit applications in the last few years reflects a flattening of production activity. World oil prices now range between $60 and $70 per barrel.