Margeaux Kimbrough presented on future developments and regulations relating to oil and gas interests. Decreases in acquisition, investment, and litigation in the market are expected to impact laws. This may decrease production and validity of oil and gas leases while increasing involuntary title transfers. The presentation discussed recent dormant mineral statutes cases in Ohio and a proposed Dormant Oil and Gas Act that would establish trusts for missing interest owners. An amendment to the Act was also introduced to deem interests abandoned if not transferred for 20 years. The presentation concluded with predictions and takeaways on these regulatory changes.

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FUTURE
Developments + Regulations
presented by Margeaux Kimbrough
December 4, 2015

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The Market
Impacts the Law

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What Does
this Mean?

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DECREASE
in acquisition
in investment
in litigation

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The Market
Will Improve

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Things to Consider
Decrease in production affects
validity of oil and gas leases
Increase in involuntary
title transfers

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Dormant Mineral
STATUTES

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in Ohio

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in Ohio
Eisenbarth v. Ruesser
S.Ct. Case No. 2014-1767
Taylor v. Crosby
S. Ct. Case No. 2014-1886
Walker v. Noon
S. Ct. Case No. 2014-0803
Tribett v. Shepherd
S. Ct. Case No. 2014-1966
Shannon v. Householder
S. Ct. 2014-1208
Farnsworth v. Burkhart
S. Ct. Case No. 2014-1909
Wendt v. Dickerson
S. Ct. 2014-2051
Dahlgren v. Brown Farm
Properties, LLC
S. Ct. Case No. 2014-1655
Hans Michael Corban v.
Chesapeake Exploration
S. Ct. 2014-0804

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Predictions

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What Does
this Mean?

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Clarity

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Dormant Oil + Gas Act
(House Bill 67)
Not a mineral
lapse statute
Provides mechanism
to establish a trust
for missing oil and
gas interest owners

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Amendment to
Dormant Oil + Gas Act
(House Bill 67)
Introduced January
21, 2015

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Amendment to
Dormant Oil + Gas Act
(House Bill 67)
Introduced January
21, 2015
“an interest in oil or gas in land owned
by a person other than the owner of the
surface, which has not been sold,
leased, mortgaged or transferred by
instrument recording in the recorder of
deeds office for the county where the
interest is located for a period of 20
years, shall be deemed abandoned…”

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Not the 1st
Rodeo
House Bill 97
Senate Bill 258

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TAKEAWAYS

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Thank You!
Margeaux Kimbrough
Kegler Brown Hill + Ritter
mkimbrough@keglerbrown.com
keglerbrown.com/kimbrough
614.462.5437
@MargeauxEsq
linkedin.com/in/mkimbrough