What Is Oil And Gas Law?

oil well

What is oil and gas law in the United States? These are laws that pertain to the acquisition and ownership of oil and gas rights. These laws cover oil and gas before discovery, after its capture, and its sell.


The oil and gas laws in the US are generally different from those in Europe and other countries. This is because, in the US, oil and gas are often owned privately unlike in other countries where they are owned by the national government.


The extraction of oil and gas in the US is regulated by the individual states through Federal law, constitutional law, common law, and statutes.


As mentioned earlier, the ownership of oil and gas rights in the US is different from other countries. Oil and gas parcels may be owned by Indian tribes, private individuals, corporations, or by local, state, or federal governments. These rights extend vertically downward. This means that the right extends from the surface to deep in the ground. The surface landowner owns the rights to oil and gas unless explicitly separated by a deed.

The state or federal government owns the rights to offshore oil and gas and leases these rights to oil companies for development. Different states have different laws on oil and gas, but those regarding ownership before, during, and after mining are nearly the same. The owner of a piece of land also owns the minerals underneath the surface. However, he or she will not own the minerals if they are severed by an agreement or a previous deed.

Before and during extraction

The person owning the deed to the property also owns the minerals and resources beneath the surface unless his or her rights are severed. The surface rights can limit the extent of the mineral rights. In cases where the oil and gas flow in the subsurface across property boundaries, a mining company can extract it from beneath the land of the neighbor. However, the miner can only do this if the extraction is done according to the law. The law forbids the miner from angling a well to penetrate and extract oil and gas found on land that is not leased or owned by him or her.

There are two conflicting doctrines covering oil and gas extraction. These doctrines are the correlative rights doctrine and the rule of capture. Between these two, the doctrine that applies to you depends on state law or US federal law in the case of the federal offshore zone.

The doctrine of the rule of capture allows a miner to extract oil from underneath his or her property even if some of it originated from the neighboring property through drainage or geologic forces. This doctrine motivates landowners to extract oil and gas a quickly as possible to capture that of their neighbor even if it will require them to drill multiple wells. The problem with the rule of capture is it may lead to depletion of the pressure of gas required to force oil from the ground.

The correlative rights doctrine, on the other hand, regulates the extraction of oil by individual owners. It does so to prevent physical and economic waste and to protect the rights of the mineral owners.

Split estates

Split estate is a scenario where the ownership rights of the surface and the subsurface are split between two parties. In this scenario, ownership rights to oil and gas, which are found underground can be transferred, bought, or sold. Different layers below the surface can be further divided and sold to different individuals. The right to the subsurface is reverted to the owner of the surface land if the mineral rights are not exercised for some time in some states.

There are other elements of oil and gas laws in the United States that we have not covered. But we hope that this article has expanded your knowledge in case you were asking yourself what is an oil and gas lawyer in the US.

Other oil and gas related resources & people:

Read More

Setting Your Marketing Budget

marketing budget

Marketing is an essential element each business has to undertake to remain successful and relevant in the market. Marketing promotes the products of the business by creating awareness concerning the existence of the business. It is also an opportunity for the business to let their customer know of the goods or services available, where to get them and at what price. However, the business has to get value for the money invested in marking activities. The only sure way to ensure value is making your marketing budget within your means. Several issues must be considered when setting your marketing budget as discussed here.

Focus on the big picture

The first step is realizing that a one–fit–all marketing budget will not work for your business, as each business is unique and with differing needs. Additionally, the fast changing business environment requires a unique approach each time. When coming up with your marketing budget, your focus should not only be the money but should also be on the time spent in planning and execution of the relevant marketing activities. A holistic approach will require you to coin the correct value proposition for the products. The budget should be able to turn the value proposition to actual demand for the products. Therefore, when budgeting consider the marketing activities where it is worth putting your money to generate the desired results.

Set objectives

An objective is a definition of what you want to achieve with your marketing activities, such as Dallas SEO services. The objectives differ with the life cycle stages of your business. The amount of money and other resources that will go into marketing will depend on the objectives to be achieved. Younger business or new products will require a relatively higher expenditure in marketing than already established, well-known products or businesses. The objectives of these two categories also differ. Younger company’s objectives may be to build an awareness of its existence while an existing company only requires reminding its customers about the products. Launching new products will require a heavier expenditure in more than one marketing initiatives to generate a sizeable demand. Existing products will require lesser amount since the customers are already aware of the products and require only being reminded about the products.

Your products complexity

Consider the complexity of your products and how these products will be sold to the customers. The level of complexity and selling means determines the channels through which your product reaches the end customers. The channels determine where you are to vary your budget figures. Complex products require higher training of the sales force or the channel partners. Such products also require printing of more explanatory material to give customers unlike the simple to use products.

Nature of relationships

Business depends on relationships forged with the customers to survive in the market. When developing your marketing budget, you should aim at a long-term relationship with all customers. This reduces the marketing costs in the end as it develops customer loyalty. The relationship should extend beyond the first time purchase. Therefore, your marketing budget has to support the efforts that will inspire and allow customer referrals and spur customers to make repeat purchases. Also, have in mind that it is cheaper to reward your customer’s loyalty than making non-customers to accept your products.

Select and test your strategy

There are many marketing strategies available for your marketing activities. However, the choice of strategy depends on the nature of your products. Only allocate your money to the strategies that rhyme with your products, customers, and your businesses infrastructure. Always test your strategy choice to determine its effectiveness. The evaluation should be done regularly to determine the most effective strategy to make a budgetary allocation.

Customer needs

When setting your marketing budget, the characteristics of your customers should inform the choice of budgetary allocations. Consider aspects such as how your customer buys as a way of determining where their buying process starts. Allocate your resources to the tactics that target the buyer’s personality and ensure the tactic makes the person your customer at the end.

Returns on investment

In the end, the marketing activities must yield favorable revenues and not massive losses. You should ensure that your marketing budget is within utmost 10 percent of your total revenues. The percentage may also differ depending on your marketing goals to be achieved. It may also be dictated by the life cycle stage of your product. However, in all cases always check and select the marketing activity with a high return on Investment.

Read More

What Percentage Of Revenue Should Be Spent On Marketing?

aspects of marketing

When you own a business, regardless of what industry it is in, a big part of helping to make it grow, while also building a larger customer base is to develop an effective and cost efficient marketing strategy. The type of marketing plan that you develop will certainly depend on your specific type of business as well as your budget. However, it’s important to not spend too much on advertising, but you don’t want to spend too little either. As a business owner, one of your biggest decisions will be to determine what percentage of revenue should be spent on marketing.

Listen To Experts

While many people have their own opinions on this matter, leading experts, including the U.S. Small Business Administration recommend that business owners who are doing less than 5 million dollars per year in sales, and who have a net profit margin between 10 and 12 percent, should spend between 7% and 8% of their gross revenue for advertising and marketing.

Of course, there can sometimes be conflicting information when you’re trying to determine what percentage of revenue should be spent on marketing. For example, some marketing experts recommend that small businesses and new start-ups allocate 2 to 3 percent of their revenue for their advertising and marketing budget; however, this budget might need to be pushed all the way up to 20 percent for businesses that are in highly competitive industry. Other experts advise business owners to establish a marketing budget between 1 and 10 percent of revenue for their advertising and marketing programs; and increasing this base marketing estimate for businesses in high competitive industries or for established businesses that can afford to put more money into their marketing campaigns. Clearly, there are many different opinions on how much a business owner should spend for hiring a Dallas marketing firm.

What Are Your Business Goals?

How you spend this marketing budget will depend on your specific business goals. Of course, getting the best return on your marketing investment is an essential part of helping your business succeed. Whether you’re investing in social media marketing, local advertising campaigns or television and radio spots, you should have a clear plan for your marketing, including your overall goals. Making sure that your advertising dollars are giving you the desired return can help you determine where you need to spend more money as well as areas of advertising that you might want to reconsider.

Understand Where You Are Spending The Money

Once you have established your marketing budget, you’ll need to determine how it will be dispersed across various channels. For example, most businesses, regardless of size, will have both online and offline advertising campaigns. In addition to these two different types of marketing, you’ll also need to determine how money will be allocated within your online and offline marketing. Online marketing will generally include advertising on a variety of different social media platforms as well as banner ads, mobile marketing, and even online video marketing.

There are many variables that can influence how much money you spend on advertising. For example, even if other businesses in your industry are spending more, you need to set a marketing budget that is affordable for your business. Other factors that can influence your marketing budget include keeping competitive with your competition (if you can afford it), in addition to the fluctuations that come with introducing new products or the higher costs associated with starting a new business. In the end, you’re going to need to determine how much you can afford to spend while taking into consideration the other needs of your business. Sometimes, you’ll need to spend more, especially if you’re introducing a new product or if your biggest competition has upped their advertising.

Read More

7 Ways To Be More Successful In 2018

The New Year is here and it is time to start living up to all those resolutions to grow in both your personal life and your career. From attending Dallas motivational speaking events from realnewsspeakers.com, for your business success to recognizing the gift in every person that crosses your path, here are 7 ways to be more successful in the New Year…

1. Recognize that the negative people in your office have the potential to make you even better than the people you like.

The boss who seems to hate your guts. The guy who takes all the credit for your work. The intern who always seems to get your coffee wrong on purpose. These people are here to teach you something. Learn what that is. If you do nothing more than strive to not possess the qualities in the people who drive you crazy, you will have grown as an individual.

2. Take opportunities as they come and seek out unexpected stepping stones.

We all have a way of missing out on opportunities due to timing. Try to find ways to make opportunities work without compromising too much of your personal time away from work. While you are at it, seek out unexpected growth opportunities like events that offer motivational speaking for your business success. Sometimes all you need is a gentle push in the right direction.

3. Keep learning.

Everyone has something to teach, so even if you are years outside of university, take time to learn from people around you. Even if you are a CEO and the janitor has been at the office longer than you, the janitor knows that company well. They know what works well and what does not. They also know how people are treated and what could improve. Learn from this guy. Make friends with this guy. He could make all the difference in your future success as a leader.

4. Do not be afraid to collaborate.

Far too many people are afraid to get in on a little teamwork because they fear that they will not get the credit that they deserve. However, some of the best things to ever happen in the world, happened because two people joined forces. Like Ben and Jerry of Ben and Jerry’s Ice Cream or the Wright Brothers who brought us the first plane, everything worth doing is worth doing as a team… and the good news is that you can still be an individual in the process.

5. Don’t be “that” guy.

Every office has a guy who complains about everything and seems to hate waking up in the morning. This person sets the tone for the whole office and if left to fester, they can take the whole team down with them. Instead, strive to be positive for the year ahead. Positive thinking not only improves your day, but it can also improve your health, helping to lower blood pressure and anxiety.

6. Remember where you came from and the people who dwell there.

As you grow in business, your network and worth will also grow. This is when it can become difficult to remember where you came from and those who supported you while you made your way to the top. Your wife may not understand the “bottom line”, but she was there for you while you were at the bottom. Make sure to make your relationships a priority. Do not work late every night or let being important at the office take the place of your role in the family. Your job will leave you when you retire. Your family will always be family.

7. Lighten up. It won’t kill you!

You may be rushing around to meet the demands of your job at the speed of light… but are you taking time to lighten up a little? If not, your health and your career could be suffering big time. Being over-invested in everything all the time can be really bad for your well-being and also detrimental to your creative process. Stress prevents you from moving ahead in life and getting things done effectively. A little down time can make all the difference in being a success and being a hot mess.

As you journey into 2017, take your common sense and your optimism. Balance your work and your home life – don’t wait for it to all fall apart… and take plenty of time to rest when you need it. Even though you may have a Google calendar filled with meetings, greetings and luncheons – remember, even hustlers need to sleep.

A speaker to consider – https://www.speakermatch.com/topics/celebrity/71380428176/real-housewives-of-dallas-leeanne-locken/

Read More

The Trajectory Manifestation Review

Who doesn’t want to live their life to the fullest potential?  I know that I sure do!  The problem is that there can be some inner things in your life, some that you are not even aware of, that are causing the opposite to happen.  Maybe you need some guidance to pull you forward.  Are you looking for any or all of the following but have not achieved it yet?

  • The ultimate dream career that just seems to be a bit out of reach?
  • The amazing but seemingly impossible to obtain super car that you have had your eye on?
  • An amazing vacation to a far away exotic land?
  • A loving relationship with your soulmate.

We all want any of these but sometimes can feel trapped in a way that does not allow us to have any of it.  Well maybe not any more!

What Is The Trajectory Manifestation?

Did you know that you can actually achieve your dreams by just changing the way you think?  The best way to tell you what it is would be for you to check out this video below.  It takes you through everything that you may want to know:

Where Can I Buy The Trajectory Manifestation?

It’s easy!  Just click here!

How Much Does The Trajectory Manifestation Cost?

Normally, the entire program has a cost of $247.  However, for a limited time, it is available for only$47.  This deal probably won’t be around for too long so I would suggest you take advantage of it today.

What Is Included When You Purchase The Trajectory Manifestation?

After you purchase this, you will receive the following instantly:

  • The full Arch Trajectory program.
  • For just an extra $1, you also have the option to join trial access to the VIP Circle Membership for 14 days.
  • BONUS 1The Success Trajectory Powerful Twin MP3s & eBook
  • BONUS 27 Fully Guided Meditation Tracks to Zen and Tranquility
  • BONUS 3The Complete Abundance Series to Happiness, Health, Love, Spirituality and Wealth

Who Created The Trajectory Manifestation?

Damien Coytt started his journey as a broke and actually homeless person who realized that he needed to change a lot in his life.  He was raised by a single mother who was also poor so he had to work a lot through his childhood years to help out his family.  It was definitely a hard life for him starting out.

He then was introduced to a book called “The Secret” about the Law Of Attraction.  From that point, things actually started changing for him – positive changes.  But it didn’t come instantly.  He actually tried a lot of the techniques in The Secret and fell flat.  None of it seemed to work at first.  Until he realized what he shows in The Trajectory Manifestation.  The final missing piece.

What Will The Trajectory Manifestation Teach You?

One thing that you have to realize is that with The Secret, you are basically taught about the power of positive thinking.  This is all fine and dandy but there is actually one more thing that you need to think about to make it really work – the missing piece.  This is where The Trajectory Manifestation closes that gap.  You have to remember that just because you are thinking positively about something in your mind, there is always a kind of “nagging” in a part of your subconsciousness.  That “nagging” is what makes you fail.  You need learn how to overcome that “nagging”.

What Are Other People Saying About The Trajectory Manifestation?

There are a lot of excellent positive reviews about this product.  Take a look:

Our The Trajectory Manifestation Review

Well, I have to be completely honest.  I am still working on it so I haven’t got everything I wanted yet!  LOL!  it’s still early though.  However, in general, I am starting to feel shifts in my life.  Very positive things that seem to be falling into place.  It’s weird.  Things seem a lot easier to me and it appears to improve more each day.  So far, I am happy!  Buy It Now!

Read More

A Quick 401k To Gold IRA Rollover Guide

gold iraToday, it is easy to be carried away in investments and end up on the wrong side of debt. For that reason, it is important to invest wisely, and for that to be possible, it is vital to take part in an investment project that offers the slimmest chances of making mistakes, and that is where gold comes in. Having said that, who can roll over their investment into a gold IRA?

Tax Rules and Regulations

gold ira taxesThose with an IRA or 401 (k)—whether Roth or regular—may roll over their investment—either all of it or some—into a gold IRA. It is important to note that tax rules and regulations will always apply for whichever option you pick. The rules application will be guided by whether the retirement cash is either funded by after-tax or pre-tax dollars.

Rollovers are permitted if one switch jobs or you retire. Having an IRA allows you to turn to a different custodian more quickly.  Broad Financial former communications director says IRAs can be invested in a wide variety of investments, such as real estate, stocks, private equity, and bonds. A gold IRA rollover strategy is important as it can provide a soft landing in the unpredictable stock market.

Rollover Procedure

gold ira rolloverThe rollover procedure is similar to other retirement funds. You fill out an account application—on paper or in soft copy. The account will be set up within 24-48 hours of application. The setting up of the accounts and transferring assets should be simple.

Before taking the leap and rolling over, you must consider your financial plans and goals. Consider all viable opportunities for your retirement assets to help you decide the number of your holdings to be invested. However, it is not wise to put all your eggs in one basket since you cannot foresee how the stock market will perform or what prices gold will attract. The prices have been fluctuating in some years.

Retirement Plan

gold ira retirementSometimes it is good to wait when gold prices are picking up, and you are required to make a choice on whether you would buy or invest. Retirement plans are necessary if you want your old age to be smooth and hustle-free. Your plan has to be rock solid, therefore, getting some basic knowledge on gold IRA rollovers would be advisable.

All the tricks and tips will maximize your savings and improve your retirement plan. You do not need to be old to be thinking about retirement. The sooner you start, the better.  You should know the payments associated with the retirement account, in comparison to other forms of IRA.

IRA Fees

gold ira feeThe payments are such as the seller’s fee, which varies depending on the vendor or gold product. It is a one-time fee. Other payments are such as the retirement account set-up. Like the seller’s fee, it is a one-off payment made to set up your IRA account and may vary according to the institution.

The custodian fees, on the other hand, is guided by the federal law, which states that each IRA is held by a custodian, who is the financial institution that protects and oversees the IRA account assets. In the case of the storage fees, the gold acquired by the gold IRAs is handled by a regulated storage facility, which charges for the service.

Fee Waivers

In some cases, a consumer may have a Checkbook IRA, which is a self-directed gold IRA and does not require management from a custodian. In this case, the customer may buy Gold Eagles, the US Treasury minted coin, with their retirement funds. They can personally hold them, which will nullify the need to pay the storage and custodian fees. Financial experts say the Checkbook IRAs call for a complicated commercial setup and are in most cases under inspection.

Bottom Line

Take time before investing all your savings in one way—whether it is a gold IRA rollover or not. Remember to seek expert advice on all financial moves you make to avoid being in a difficult position in future.


Read More

Bitcoin Mentor Club Review (Make Money With This Course)

If you have been on the internet for awhile, you probably have heard the terms “bitcoin”, “cryptocurrency” and other related words. For the last few years at least, people have been making bank off this relatively brand new source of digital currency. This brings up to finding great ways to learn more about investing in these and making profits off them. The Bitcoin Mentor Club is on of these.

What Is The Bitcoin Mentor Club?

Have you even dreamed about taking that little $5000 savings account that you have that is not earning anything as far as interest and making some real money off it.  Maybe you have read stories about that almost 20 year old that put $100 in Bitcoin years ago and it’s worth many thousands now!  You definitely need to get on this train too and the Bitcoin Mentor Club may be your ticket.

I will also mention that a number of current members have seen up to and over 8000% gains in less than a year!

The main goal of the Bitcoin Mentor Club is to help take a brand new Bitcoin investor and have them profiting with their investment in just a matter of a few days.

How Does The Course Work?

It’s easy and straight forward – just sign up here for this course!  Opening Dec 11, 2017.

What Do You Get In The Bitcoin Mentor Club?

The Bitcoin Mentor Club is a combination of a number of different things:

  • Stay completely up to date with their flagship cryptocurrency newsletter.  Everything in this world changes fast so you NEED the most up to date news!
  • Education portal getting you completely up to speed on making the right crypto investing decisions.
  • Trading software to help take some of the guesswork out of the process.
  • Community to allow you to share ideas with other crypto enthusiasts.
  • Crypto Millionaire team of advisors.

Who Created The Bitcoin Mentor Club?

Currency trading expert, Cecil Robles is the man behind this product.  He has over 15 years of experience in the financial industry and author of “How To Profit From The Falling Dollar”.

He has been investing in bitcoin since 2011 and made huge profits from cryptocurrency in the last 6 years.  If you want to learn everything you can about investing in bitcoins and other altcoins, he is your guy.

How Much Does The Course Cost?

I have to be honest here and mention that the cost is fairly high, but at the same time I believe that it is very possible that it could pay for itself fairly quickly – assuming that you have money left over to invest in coins after paying for the product.  The cost is $1497 for two full years of access to their premium subscription.  If you have another $497, you can opt for the lifetime membership as well.

Does Bitcoin And Other Cryptocurrencies Really Make Money?

Personally, I actually invested in both Bitcoin and Litecoin and in just the few months that I have been doing it, I have made a small profit.  I’m pretty happy about it so far.  I can definitely see a good future ahead with my investments.

Bit Is It Too Late To Get Into Bitcoin?

Well, you definitely would have made a lot more if you invested way back in 2010 or 2011 but I believe that it is still a good option.  I believe that a lot of these coins are just going to continue to move up in value.  As of this writing, Bitcoin is over $8000 per coin and seems to be continuing to move up!  Pretty crazy when you think about how it started at less than a dollar per coin!

Our Bitcoin Mentor Club Review

Stay tuned!  The product is quite launched yet but will be very soon – Dec 11, 2017 to be more exact.  We plan to update this with our review when we have had a chance to go completely through it.

Ready?  Get the Bitcoin Mentor Club course right here from this review.

Read More

Upcoming Forex Investment Courses

I wanted to put together a quick post to share some of the best Forex investing courses and software that I come across.

First off, I will mention a brand new system called Forex Master Levels.  It is launching very soon and will include excellent information on Forex trading and getting profits as quickly as possible.

This post will be updated as I find more.  I know it is a little weak right now, but trust me, some cool things coming!

Read More

Forex Master Levels Review – Nicola Delic’s 495.27% Per Month Trading Strategy

When it comes to trading Forex, you can definitely make some huge profits.  However, if you don’t know what you are doing, you can also lose a lot of money.  Luckily, we have a brand new program called Forex Master Levels review that teaches you how to potentially turn just a small investment into thousands in just under a month.

What Is It?

Forex Master Levels is a unique Forex trading system delivered right to your door.  It allows people interested in trading Forex and becoming a top Forex trader with no previous experience to get the best and fastest profits possible.  Sometimes in as little as 30 days!

What Is Included?

This actually hasn’t been fully revealed yet but I am excited to see what exactly it includes.  I do know that it is a physical product that is going to be delivered right to my door though.  We will know more after Dec 4th and will update this article at that time.  However, for now, they are giving away some awesome info for free to give you a bit of a head start on the system before it launched.  Just click the image below:

forex master levels

What Are Others Saying?

Since this trading software is a very new and not launched yet, not much is out there for Forex Master Levels testimonials.  However, I do expect that there will be a ton of positive ones in the very near future.  Stay tuned, I will add them as I see them.

Who Created It?

Forex expert, Nicola Delic is the brains behind this amazing product.  He is well known for spending most of his time watching the charts, keeping up to date on the latest financial related current events, and mastering his Forex profiting system.

How Much Does It Cost?

The best way to find this out is to get on their email list and be notified when they launch Forex Master Levels.

Does Forex Master Levels Systems Have A Money Back Guarantee?

Of course it does.  Yes!

Our Forex Master Levels Review Conclusion

We hoped you liked this review of Forex Master Levels –  Check it out here.

Read More