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
In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. For almost a decade, the original lessee to the agreements never subtracted post-production costs from the royalty owners’ royalty payments. If not superseded, BlueStone would be permitted to deduct post-production costs.
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