Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code
The Energy Law
JUNE 12, 2017
The mineral lessees were required to provide the mortgagee with quarterly and annual financial statements reflecting their financial condition, reserve reports showing projections of further net income from the mortgaged properties, and sales and production reports which included the actual revenue and operating expenses of the wells.
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