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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

In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. Meanwhile, an associated addendum—which the lease clarified would supersede in situations of conflict—stated that royalty payments were based on “the gross value received.” Burlington Resources Oil & Gas Co.,

Royalty 52
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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. Meanwhile, an associated addendum—which the lease clarified would supersede in situations of conflict—stated that royalty payments were based on “the gross value received.” Burlington Resources Oil & Gas Co.,

Royalty 52
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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. Meanwhile, an associated addendum—which the lease clarified would supersede in situations of conflict—stated that royalty payments were based on “the gross value received.” Burlington Resources Oil & Gas Co.,

Royalty 40