102014Mar
Fitzsimons’ Presentation for State Bar of Texas Webcast To Be Rebroadcast

Fitzsimons’ Presentation for State Bar of Texas Webcast To Be Rebroadcast

Joseph B. C. Fitzsimons presented for the State Bar of Texas via a Webcast on “Leasing in the Eagle Ford Shale from the Land and Mineral Owner’s Perspective” on November 20, 2013.  It is being replayed on March 13, 2014 from 12:30 pm to 1:30 and is available for one hour of MCLE Credit.  To register for this rebroadcast, click here:

To view the presentation, click here:

Highlights of his presentation include:

  • The past few years have seen a surge of interest in the Eagle Ford Shale in south and south central Texas.
  • Over the past two decades, mineral owners have become more sophisticated in the drafting and negotiating of the ‘Lessor’s Lease Form,’ and most lessees in the Eagle Ford expect a modern lease form and are willing to negotiate from the lessor’s form rather than their own.
  • The Eagle Ford Shale presents some unique opportunities and challenges for the land and mineral owner as the play progresses from the exploration to development phase.
  • Lessors should expect modern terms for royalty valuation, horizontal severance, information sharing, liens to secure performance, pooling, and consent to assignment or sale.
  • From the perspective of the surface owner, there are numerous issues unique to Eagle Ford Shale Development that warrant attention.
  • Horizontal drilling and its attendant multistage fracs have been successful in drilling laterals ranging from 3,000 to 5,000 feet with between twelve and twenty multistage fracs.
  • Land and mineral owners will have a full time job protecting their interests during the frantic days ahead.

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