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.[1]
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.[1]