Video

  • 12 minutes

Oil and Gas Leases and Related Agreements - The Habendum Clause

 
The habendum clause is something that is unique to oil and gas leases. The lease is generally designed to discourage having the land tied up under the lease without development but is also designed so that the oil company can continue to use the property for so long as they can continue to produce from the property and make a profit. This video will provide a brief review of the habendum clause found in an oil and gas lease.
Runtime: 11 minutes

Agenda

Faculty

John K. Keller

John K. Keller

Vorys, Sater, Seymour and Pease LLP

  • Provides general business representation, primarily to companies engaged in oil and gas development; has significant litigation experience in all aspects of the oil and gas industry and has represented oil and gas operators in acquisitions, operational issues, banking and business planning
  • Acted as lead trial counsel in gas contract arbitration against a Fortune 100 company resulting in an award of more than $100 million
  • Defended and negotiated favorable settlements in two Ohio gas royalty class action cases
  • Has counseled lenders and borrowers in hundreds of millions of dollars in loans secured by Appalachian Basin petroleum reserves
  • Served as a member of the Executive Committee, as chair of the Oil & Gas Committee, as chair of the Annual Institute of the Energy and Mineral Law Foundation, and is a former chair of the Natural Resource Committee of the Ohio State Bar Association
  • Chambers and Partners, Leading Lawyer in Natural Resources and Environment, 2012 to 2014
  • "Who's Who in Energy," American City Business Journals, 2013
  • Columbus CEO, Top Lawyers in Columbus, 2010 to 2014
  • Ohio Super Lawyers, Energy and Natural Resources, 2012 to 2014
  • Ohio Super Lawyers, Alternative Dispute Resolution, 2004, and 2009 to 2011
  • The Best Lawyers in America, Oil and Gas Law, 2008 to 2015
  • Top Rated Lawyer for Energy, Environmental and Natural Resources, Martindale-Hubbell Law Directory, 2013

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