The growing demand for clean energy has substantially altered energy exploration and production in the United States over the past decade. The discovery of the Marcellus Shale — and subsequent shale oil deposits — has further fed the hope for future energy production free of global political maneuvering.
This desire for energy independence in the United States comes with some interesting twists, however, as wind farms and shale oil development can be disruptive to property ownership rights. A development company must do significant due diligence before putting up a wind farm or setting up a drilling site, and that due diligence gets tricky for properties that have already been sliced and diced with decades-old severed rights and lease arrangements.
As seen in Texas a few years ago when the Barnett Shale went online, it can be hard to untangle the web of ownership once portions of the property have been severed from the surface.
These issues become increasingly important to title agents who must try to untangle a series of events that could be hundreds of years in the making. And they will continue to be important as homeowners, developers and lenders look to the title industry for answers, and coverage of these rights.
Drilling Deep, a 14-page PDF special report from the editors of The Legal Description, ‘drills down’ on the most important issues regarding title searches and coverage of energy projects, and offers up suggested protocols for addressing these issues.
Drilling Deep features insightful sections like:
- Title Issues Abound as Oil and Gas Exploration Increases
- Windfarm Development Creates Unique Title Issues to Address
- Booming Shale Oil and Gas Industry Complicated Title Issues
- Addressing Oil and Gas Issues in Title
- New, Revised Standard Endorsements Show Increase in Energy, Mineral Coverage
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