2003, Operator and Petroleum - Energy Aggregated

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2003

Operator

Petroleum

Texas Supreme Court Holds JOA Exculpatory Clause Applicable to All Activities of Operator

The Energy Law

SEPTEMBER 4, 2012

By Jana Grauberger The Texas Supreme Court distinguished several Texas appellate court decisions and held the exculpatory clause in a joint operating agreement (“JOA”) applicable not just to operational activities undertaken by the operator, but to all activities of the operator under the JOA. Tyler 2003, pet.

Operator

Operator Petroleum Casing Energy

Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

The Energy Law

JANUARY 26, 2016

The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. 2] Implicit in the term “paying quantities” is the requirement that the lessee show a profit, meaning production revenues must exceed “operating expenses.” [3]

Oil

Oil Exploration and Production Gas Operator

Texas Supreme Court Holds JOA Exculpatory Clause Applicable to All Activities of Operator

Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

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