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. 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.,
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