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Harmonizing Assignments and Exhibits

Producer's Edge

What happens when language in the body of an assignment of oil and gas interests conflicts with descriptions in the exhibits? 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. 23-0037, 2024 Tex.

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Tightening the Timeline for Original Condition: the First Circuit Denies Writ from Ruling Applying Subsequent Purchaser Doctrine to Dismiss Claims Against a Mineral Servitude Owner

The Energy Law

In the watershed Corbello [1] decision, the Louisiana Supreme Court affirmed a $33 million award—the cost to restore property valued at $108,000 to its “original condition” after it was damaged by oil and gas operations. 2002-0826 (La. If Corbello pressed the accelerator on “legacy” litigation, Eagle Pipe tapped the brakes.

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Broad Assignments & Deep Disputes: Decoding Depth Descriptions

Producer's Edge

Citation 2002 Inv. That case focused on a 1987 assignment of a large acreage bundle of Texas oil and gas properties, from a predecessor of Occidental Permian, Ltd. et al (Occidental) to a predecessor of Citation 2002 Investment LLC (Citation). LLC , 689 S.W.3d 3d 899 (Tex.

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Texas Court Upholds Lease Cancellation for Failure to Pay Shut-In Payments To Proper Party

The Energy Law

Tyler 5/5/2010), the Tyler Court of Appeals upheld a trial court’s findings of fact and conclusions of law with respect to the termination of an oil and gas lease for failure to pay shut-in royalty payments to the proper party. Circle Ridge Production, Inc. , 12-09-00150CV, __ S.W.3d acre tract of land in Smith County, Texas.

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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

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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Federal Court Finds A Continuing Duty Under Louisiana Law To Prevent The Erosion of Pipeline Canals

The Energy Law

A recent decision from the Eastern District of Louisiana provides a mixed bag for pipeline companies or others whose operations involve canals. Tennessee Gas Pipeline Company , coastal landowners sued pipeline operators for their alleged “failure to maintain” canals dredged pursuant to numerous rights-of-way granted from the 1950s to 1970s.

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COMPLETE SOLARIA – CSLR-NASD BUYING WHILE THE TIDE IS OUT

Oil and Gas Investments

Cypress owned a majority stake in the company from 2002 to 2008. Blue Raven has over 3,000 employees and operates in 21 states (SunPower bought them to expand outside of California). On the Q3 call, Rodgers said to expect operating expense to decline from $43.5M Under Cypress, SunPower grew 18x over 4 years. SunPower paid $165M.