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Title opinion
A title opinion is the written opinion of an attorney, based on the attorney's title search into a property, describing the current ownership rights in the property, as well as the actions that must be taken to make the stated ownership rights marketable.
In the oil and gas sector, various types of title opinions exist, each with a different scope and purpose. These include, but are not limited to, drilling title opinions, division order title opinions, mortgage opinions, acquisition opinions, and drilling and division order title opinions.
References
References
- Brister, Austin. "Types of Title Opinions". Oil and Gas Law Digest.
This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.
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