Richard W. Revels, Jr. Shareholder, Lafayette
Mr. Revels represents oil and gas companies, from the largest to the smallest, in a wide variety of energy regulatory and legal matters.
Before the Commissioner of Conservation, he regularly handles such issues as requesting orders establishing compulsory units, adopting well-spacing rules, designating unit wells and unit operators. He also provides advice regarding rules and procedures and statewide orders of the Office of Conservation.
He counsels on matters including oil and gas industry regulations on well permitting, well spacing, the setting of allowables for oil and gas wells, and commingling of production. He has extensive experience in State Mineral Board matters and regularly appears before the Board and its various committees.
He advises and represents clients on numerous board matters involving state and state agency acreage and mineral leases, demands to develop further or release state acreage, waterbottom disputes, improper payment of royalties, penalty assessments for late submission of releases and assignments, and formation and revision of voluntary units and operating agreements.
Mr. Revels is highly experienced in performing title examinations. He renders drillsite and division order title opinions for the energy industry in connection with the drilling of wells and disbursing proceeds of their production.
He brings value to clients through his regular updates to title opinions from the firm’s library of thousands of opinions covering tracts all over the State of Louisiana, particularly in South Louisiana. These updates save clients considerable time and money.
His experience in contract and agreement preparation includes documentation used in the oil and gas industry, such as purchase and sale agreements, surface and subsurface leases, mineral leases, operating agreements, voluntary and reservoir-wide unit agreements, farmouts, subleases, assignments of leases and overriding royalties and various curative instruments.
Additionally, Mr. Revels handles acquisitions and sales of producing properties, including title review, due diligence and document preparation. He has further experience in related succession matters, particularly ancillary successions and obtaining court authority for succession representatives to execute mineral leases or sales of property under administration.
He has spoken on numerous occasions before professional landmen associations, both at the national level and in New Orleans, Lafayette, Shreveport, Houston, Dallas, Fort Worth and Tulsa. Mr. Revels has served as an adjunct professor at the University of Louisiana at Lafayette, teaching courses on petroleum land management.