FAQs

While both deal with titles, a land services title company focuses on non-residential land, primarily for industries like oil and gas. Real estate title companies, on the other hand, deal with residential and commercial property transactions, including home sales and mortgage refinancing.

A cursory record check is a preliminary review of public records to quickly identify any obvious issues or discrepancies in property ownership.

Ownership verification involves examining public records to confirm the legal owner of a property, including checking deeds, mortgages, and other pertinent documents.

A limited detail ownership report provides a brief summary of ownership information for a property, focusing on key details without extensive historical data.

A full detail ownership report includes comprehensive historical data about a property's ownership, including all transfers, liens, and encumbrances.

Surface ownership refers to the rights to the land itself, while mineral ownership refers to the rights to the minerals (like oil and gas) beneath the surface.

Leasehold ownership pertains to the rights granted by a lease agreement, allowing the leaseholder to use the property or extract minerals from it for a specified period.

Working interest ownership involves a share of the costs and revenues associated with the exploration and production of oil and gas from a property.

Overriding royalty interest ownership is a percentage of production revenue received without bearing any of the costs of exploration or production.

Documents such as vital statistics records, trusts, wills, and other legal papers may be requested to clear up title issues.

Estate planning ensures that property ownership and title issues are addressed in the event of an owner's death, preventing future title disputes.

Notarization ensures that documents are legally valid and correctly executed, which is crucial for resolving title issues.

Genealogy research involves tracing the ownership history of a property through family lines to resolve title issues related to inheritance.

Contact research involves finding and reaching out to individuals or entities who may have an interest in a property to resolve title issues.

Oil and gas lease options are agreements that give the lessee the right to lease a property for oil and gas exploration at a future date as defined by the language within the lease agreement.

These involve buying or selling rights to the minerals beneath a property, often including detailed negotiations and legal documentation.

This involves the buying or selling of a share in the operational costs and revenues of an oil or gas project.

Easement negotiations involve securing the right to use someone else's property for a specific purpose, such as utility installations or access.

Surface damage settlements negotiate compensation for landowners whose property is affected by oil and gas exploration and production activities.

Respondent lists are compiled to identify all parties who need to be notified or consulted in regulatory proceedings.

This involves preparing and sending documents outlining the plans for drilling a new well to relevant stakeholders and regulatory bodies.

Market value surveys assess the current market value of properties and interests involved in oil and gas transactions.

Being qualified means having the necessary expertise and credentials to provide testimony on land-related matters in regulatory hearings.