Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s
The Energy Law
MARCH 31, 2021
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.” produced from said land in all operations which Lessee may conduct hereunder [.]” Burlington Resources Oil & Gas Co., 3d 198, 211 (Tex.
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