Oil and Gas Law

Oil and Gas Law governs the rights, responsibilities, and regulations related to the exploration, extraction, and production of oil and gas resources beneath the Earth's surface. It determines who owns these resources—whether the government, private landowners, or companies—and outlines how they can develop and profit from them. The law also addresses environmental considerations, lease agreements, royalties, and liability issues. Essentially, it provides a legal framework to ensure fair, efficient, and responsible development of valuable natural resources while balancing economic interests and environmental protection.