Oklahoma Expands Owners’ Oil And Gas Lien: Outcome Uncertain

LexisNexis (November 5, 2021, 8:43 AM EDT) -- In the 1980s, oil and gas producing states began passing laws to try to ensure that the mineral rights owners received payments owed to them for extracted oil, gas, and other minerals. Initially, most states addressed the issue via non-uniform amendments to Article 9 or liens that were subordinate to perfected Article 9 security interests. Subsequent cases exposed shortcomings in this approach, particularly when a debtor was a resident of a different state than the state where the wells were located....