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By way of background, the lessor royalty owners originally entered into a form lease agreement in 2003; the lease provided that royalty payments were based on “the market value at the well.” Burlington Resources Oil & Gas Co., the use of gas. Randle , affirming in part and reversing in part the lower court’s ruling.
13-0596 , the Supreme Court of Texas interpreted a natural gas-purchase contract and held that a producer was not required to share in the costs of compression, even though that compression helped yield a higher re-sale price. Michael Lillis (“Lillis”) was one of the producers who sold natural gas to Kachina, dating back to 2001.
By way of background, the lessor royalty owners originally entered into a form lease agreement in 2003; the lease provided that royalty payments were based on “the market value at the well.” Burlington Resources Oil & Gas Co., the use of gas. Randle , affirming in part and reversing in part the lower court’s ruling.
By way of background, the lessor royalty owners originally entered into a form lease agreement in 2003; the lease provided that royalty payments were based on “the market value at the well.” Burlington Resources Oil & Gas Co., the use of gas. Randle , affirming in part and reversing in part the lower court’s ruling.
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