Mc Ginnis Lochridge & Kilgore: Derrick Price

For individuals and entities deeply involved in Texas's vital oil and gas industry, the legal landscape can be exceptionally intricate, demanding specialized knowledge and seasoned experience. From negotiating mineral leases to resolving complex disputes, having the right legal counsel is paramount. In Austin, Texas, Derrick Price, an accomplished attorney at McGinnis Lochridge & Kilgore, stands as a leading expert in oil and gas law. He is a crucial resource for both oil and gas operators and landowners across the state, offering strategic guidance and robust representation in a sector that is fundamental to the Texas economy. This article aims to provide a comprehensive overview of Derrick Price's practice, highlighting his areas of expertise, the firm's dedication to client service, and why he is a suitable choice for your energy-related legal needs in the Lone Star State.

Derrick Price focuses his practice on a wide variety of civil matters within the oil and gas industry. His extensive experience encompasses representing both oil and gas operators and landowners, ensuring a balanced perspective and a thorough understanding of the challenges faced by all parties in energy transactions and disputes. His litigation expertise is particularly noteworthy, covering a broad spectrum of issues, including disputes over surface use, joint operating agreements, royalty underpayment, gas measurement, oil and gas lease covenants, lease termination, bad faith pooling, lease development, retained acreage, and mineral ownership across various regions of Texas.

Beyond litigation, Derrick regularly advises landowners, mineral owners, and royalty owners in the complex process of negotiating oil, gas, and other mineral leases. He also handles surface agreements, seismic permits, and pipeline easements, ensuring that clients' interests are meticulously protected in these crucial contractual arrangements. His significant litigation and negotiation experience spans key active areas of Texas, including numerous counties in the Eagle Ford Shale (such as LaSalle, Dimmit, DeWitt, Webb, Zapata, Karnes, and McMullen counties) and the Permian Basin and West Texas (including Midland, Martin, Ector, Howard, Loving, Pecos, Reeves, Culberson, and El Paso counties). This deep geographical and practical knowledge makes him an invaluable asset for clients operating in these prolific energy regions.

Furthermore, Derrick Price possesses substantial experience representing clients in both litigation and negotiations with the Texas General Land Office. This expertise is particularly relevant for matters relating to state mineral classified lands and minerals owned by the State of Texas, adding another layer of specialized knowledge to his impressive profile. His recognition includes being listed in Best Lawyers in America® for Oil and Gas Law, a testament to his standing among his peers and his profound impact in the field. He has also been selected to Super Lawyers for Energy & Natural Resources from 2018-2025, and to Rising Stars from 2009-2015, reinforcing his consistent excellence in the legal profession.

Derrick Price is an integral part of McGinnis Lochridge & Kilgore, a venerable law firm with a rich history of serving Texas clients for over 90 years. The firm's enduring presence speaks volumes about its deep commitment to protecting client interests across evolving legal and economic landscapes. With offices strategically located in Austin, Houston, Dallas, Decatur, and McAllen, McGinnis Lochridge & Kilgore provides comprehensive business, government, and litigation counsel to a diverse clientele, ranging from individuals and small businesses to some of the world's largest corporations. Their philosophy emphasizes providing senior-level attention and meaningful action to address client needs effectively, reflecting a dedication to excellence and client satisfaction.

The firm's reputation for adapting to new legal frontiers, including cutting-edge technology, complex oil and gas litigation, and intricate regulatory matters, further solidifies its standing as a premier legal institution in Texas. This broader firm support ensures that Derrick Price and his clients benefit from a collaborative environment and access to a vast network of legal knowledge and resources, even for issues that might extend beyond his direct specialization in oil and gas.

Derrick Price's office is located at 600 Congress Ave. #2100, Austin, TX 78701, USA. This address places him in the heart of downtown Austin, a central and highly accessible location for businesses and individuals throughout the city and surrounding areas. Congress Avenue is one of Austin's most iconic streets, known for its vibrant commercial activity and proximity to key governmental and financial institutions.

The central location in downtown Austin ensures convenient accessibility for clients. For those driving, various parking garages and street parking options are typically available within walking distance of the office building. The firm's presence in a prominent downtown high-rise signifies a professional and established practice, offering a conducive environment for serious legal discussions. Furthermore, being situated in the state capital means close proximity to state agencies, courts, and other important legal and business infrastructure, which can be advantageous for clients with state-level concerns or those involved in regulatory matters with entities like the Railroad Commission of Texas.

Services Offered:

• Oil and Gas Litigation (including surface use disputes, joint operating agreement disputes, royalty underpayment claims, gas measurement issues, lease termination, bad faith pooling).
• Oil and Gas Lease Covenants disputes (e.g., failure to develop, failure to protect against drainage).
• Retained Acreage and Mineral Ownership disputes.
• Negotiation of Oil, Gas, and other Mineral Leases.
• Drafting and negotiation of Surface Use Agreements.
• Preparation and review of Seismic Permits.
• Negotiation of Pipeline Easements.
• Representation in litigation and negotiations with the Texas General Land Office regarding state mineral classified lands.
• General civil litigation with a focus on energy disputes.
• Advising on compliance with oil and gas regulations.

Features / Highlights:

• Highly specialized in oil and gas law, representing both operators and landowners.
• Extensive litigation experience across all major Texas energy basins (Eagle Ford Shale, Permian Basin).
• Expertise in negotiations with the Texas General Land Office.
• Recognized in Best Lawyers in America® for Oil and Gas Law.
• Selected to Super Lawyers for Energy & Natural Resources (2018-2025).
• Member of the State Bar of Texas: Oil, Gas & Energy Resources Law Section.
• Former Chair of the Austin Bar Association: Oil, Gas & Mineral Law Section (2014-2015).
• Part of McGinnis Lochridge & Kilgore, a firm with over 90 years of service in Texas.
• Conveniently located in downtown Austin for easy accessibility.

As a professional legal service, McGinnis Lochridge & Kilgore, and specifically Derrick Price, focuses on delivering expert legal services tailored to the complex needs of the oil and gas industry. Therefore, specific individual promotions or special offers are not typically publicly advertised. Prospective clients are encouraged to directly contact the firm to inquire about their consultation process and fee arrangements. During an initial discussion, Derrick Price or a member of his team can provide clarity on how their specialized services align with your specific legal challenge or transactional need, and transparently discuss potential costs and engagement terms. The firm is committed to open communication and ensuring clients are fully informed from the outset.

Contact Information:

Address: 600 Congress Ave. #2100, Austin, TX 78701, USA

Phone: (512) 495-6041

For individuals and businesses across Texas, particularly those navigating the intricate legalities of the oil and gas industry, Derrick Price at McGinnis Lochridge & Kilgore stands out as an exceptional and highly suitable choice. His profound understanding of oil and gas law, extensive litigation experience across Texas's key energy regions, and expertise in dealings with the Texas General Land Office provide clients with a robust and strategic legal partner. Being part of a long-established and highly respected firm further ensures that clients receive comprehensive support and access to extensive legal resources. For Texans seeking a lawyer who can adeptly handle complex energy disputes, transactional matters, and regulatory compliance, Derrick Price offers the specialized knowledge and dedicated commitment necessary to protect interests and achieve favorable outcomes in this critical sector. His presence in Austin makes him an invaluable resource for locals looking for top-tier legal counsel in the oil and gas industry.