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ARTICLE · 06 FEBRUARY 2024

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Oil & Gas Comparative Guide

Baker Botts L.L.P.
Baker Botts L.L.P.
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Baker Botts L.L.P.

Baker Botts L.L.P.

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Oil & Gas Comparative Guide for the jurisdiction of United States, check out our comparative guides section to compare across multiple countries

United StatesEnergy and Natural Resources

1 Legal and regulatory framework

1.1 What role does the national state play in the oil and gas industry in your jurisdiction? Are oil and gas rights owned by the state or is private ownership allowed?

The majority of oil and gas rights in the United States are under private ownership. However, both the federal government and each state government own the oil and gas rights on lands under their respective control. An oil company seeking to develop those oil and gas rights will typically obtain an oil and gas lease from the private individual or the applicable state or federal agency.

The federal government's oil and gas leasing programme is principally administered by two agencies:

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