Has an Oil Company asked you to sign a Quitclaim deed?

With the recent oil boom in the United States, oil companies are rushing to drill wells faster than ever. In order to do that they need to have clear ownership records so they know who to lease the rights from and in turn who to pay royalties to. Sometimes, there is not a clear ownership record and two people could conceivably own the rights.

In their haste, oil companies will try to get one party to sign a quitclaim deed that gives their interest to the other person so that the oil company does not have to do any extra work or pay two people. If this has happened to you , call Herring Law Firm. We can fight to make sure you keep your mineral rights and get paid the money you deserve.

Categories: Oil & Gas Law

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