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Harmonizing Assignments and Exhibits

Producer's Edge

Can limitations in the exhibit, such as depth references, supersede the operative granting language in the body of an agreement? Citation 2002 Inv. Citation 2002 Inv. What happens when language in the body of an assignment of oil and gas interests conflicts with descriptions in the exhibits? 23-0037, 2024 Tex. 3d 550 (Tex.

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Key Issues in OTC Derivatives Contracts as COVID-19 Disrupts Global Financial Markets

The Energy Law Blog

Companies are grappling with a multitude of issues — from the health and safety of employees to increased cyber security risks to financial and operational stability. In a cross default situation, lenders and creditors under those other instruments would be entitled to seek immediate repayment of all indebtedness amounts.

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Broad Assignments & Deep Disputes: Decoding Depth Descriptions

Producer's Edge

Where the instruments are not clear, this can sometimes lead to disagreement as to whether the descriptive information is intended to limit the scope of the assignment, or to merely serve as helpful descriptive information. Citation 2002 Inv. et al (Occidental) to a predecessor of Citation 2002 Investment LLC (Citation).

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Louisiana’s Sabine River Authority Not Entitled To Sovereign Immunity

The Energy Law Blog

7] The Fifth Circuit noted that even though the SRA-L was made part of the umbrella of the executive branch via its placement in the Department of Transportation and Development after its creation, it maintained substantial control over its operations. That retention of autonomy tilted against finding SRA-L an arm of the state. 4 (5th Cir.

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Louisiana Second Circuit Addresses: (1) Creation of Mineral Servitudes Via Notarial Acts of Correction; (2) Obstacles Suspending the Prescription of Nonuse from Running Against Mineral Servitudes; and (3) Payment of Court Costs in Concursus Actions

The Energy Law Blog

In Petro-Chem Operating Co., 1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. 21] Prior to spudding the well, the operator faced weather delays and was required to obtain a CUA permit. [22] Flat River Farms, L.L.C. ,

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