Jon Goodman has been a real estate attorney in Colorado for over twenty-five years, he is a shareholder at Frascona, Joiner, Goodman and Greenstein P.C., and has been since 1994. Jon has published hundreds of real estate articles and is a frequent speaker on dozens of topics for the real estate industry. Clients include mortgage lenders (banks, savings and loans, mortgage companies), real estate brokers and salespersons, real estate companies, developers, property management companies, builders, subcontractors, suppliers, buyers and sellers. As an experienced real estate attorney, Jon has been quoted in various publications including, the Wall Street Journal, the Denver Post, and the Rocky Mountain News.
RECENT ARTICLES BY ZACHARY GREY
Why is the Duration of an Oil and Gas Lease Confusing? The duration of an oil and gas lease is the cause of a lot of confusion – and for good reason. An oil and gas lease contains two ‘terms,’ a primary term and a secondary term. If the lease carries over from primary term
The oil and gas company told me to sign the lease or they would ‘force pool’ me. Can they do that? Yes, but it’s not as bad as it sounds. The term ‘forced pooling’ is slang for a Colorado statute known as CRS Section 34-60-116(6) that allows the oil and gas company to apply for
I am purchasing a new property. Are the mineral rights included? The specific language in a property’s prior conveyances, known as the chain of title, dictates whether the rights to the minerals are included in the purchase. As clearly disclaimed in the Colorado Contract to Buy and Sell Real Property, buying a property does not
Can I keep my mineral rights? Yes. The general rule of thumb is that minerals run with the land so the mineral ownership and rights to existing royalty payments (if any) pass with the land to the new owner. A landowner must actively reserve or convey the minerals to avoid passing them to a new