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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., Randle , affirming in part and reversing in part the lower court’s ruling. 19-0459, 2021 WL 936175 (Tex.
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., Randle , affirming in part and reversing in part the lower court’s ruling. 19-0459, 2021 WL 936175 (Tex.
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., Randle , affirming in part and reversing in part the lower court’s ruling. 19-0459, 2021 WL 936175 (Tex.
In 2003, the Louisiana Supreme Court rendered its landmark decision in Corbello, et al. Legacy litigation claims generally concern alleged contamination arising from historic oil and gas operations under theories of both breach of contract and tort. Iowa Production, et al.
Union Oil Co. 2003) (“the regulations govern the parties’ joint and several liabilities vis-à-vis the Government not amongst themselves”) and Total E&P USA, Inc. Marubeni Oil & Gas (USA), Inc. , Sojitz Energy Venture, Inc. of California , 394 F. 3d 687 (S.D. Parker Drilling Co. , 3d 558, 563 (5th Cir. 3d 515, 530 (S.D.
In 2003, the Louisiana Supreme Court rendered its landmark decision in Corbello, et al. Legacy litigation claims generally concern alleged contamination arising from historic oil and gas operations under theories of both breach of contract and tort. Iowa Production, et al.
A counter-example is Continental Oil Co. The Louisiana court found that this did not make the performance impossible but merely rendered it more difficult, burdensome, and unprofitable, causes which could not be excused. Courts are not entirely consistent on this point, however. Crutcher , 434 F.
2003-N06, which was itself replaced by NTL No. In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No.
2003-N06, which was itself replaced by NTL No. In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No.
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