Asset protection planning: insulating landman assets from creditor claimsBy John E. Sullivan, IIINovember 1999So, you've incorporated. You know that the oil and gas business can sometimes turn litigious, but you think you've got yourself legally protected because you run your business through a corporation and not in your own name.
In the Appellate Court of Illinois Fifth DistrictNovember 1999Plaintiff, J. Glenn Dunn, appeals from the trial court's order granting the motion of defendants Terry Patton and Patty Patton to dismiss his complaint. On appeal, plaintiff contends that the court's granting of the motion to dismiss was error.
Is it a strip of land or just a right of way?By Don JohnsonApril 1999The significance of this question--Is it a strip of land or just a right of way?--lies in the ownership of the minerals beneath it.
New proportionate share regulationsBy Jennifer M. MartinApril 1999The recent adoption of regulations which affect significant changes to the liability provisions of the Illinois Environmental Protection Act ("Act") (415 ILCS 5/1 et seq.) may impact well owners and operators' liability or releases of oil and/or production fluids.
Oil, gas leasing information available onlineNovember 1999Oklahoma City--In a step to improve access to state land with the potential for oil and natural gas production,the Interstate Oil and Gas Compact Commission (IOGCC) has compiled leasing information for 27 states.
Southeastern Illinois Oil Brine Task Force formedNovember 1999The Southeastern Illinois Oil Brine Task Force has received a grant from the Illinois Environmental Protection Agency to address remediation of soil damaged by oilfield brine.
What is a carried working interest?By Curt LackeyApril 1999One of the most commonly misused and misunderstood concepts in the oil and gas industry in Illinois is that of a "carried working interest."