The Energy Law

MARCH 15, 2023

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The lessees owned working interests in certain oil and gas leases that were executed in 2007. 2d 118 (Tex.

Royalty 98

Royalty Oil Gas Downstream 98

The Energy Law

JUNE 12, 2017

4] In 2007, Fossil Operating, Inc. 10] Gloria’s Ranch amended its petition to include a claim for failure to pay royalties on production in Section 15 (from the unit well drilled by Chesapeake). between May 2007 and February 2010. [20] 3] Tauren subsequently assigned a 49% interest in the lease to Cubic Energy, Inc.

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Royalty E&P Exploration and Production Operator 40

The Energy Law

JANUARY 25, 2008

07-834, 2007 WL 4409686 (La. 12/19/07), the court addressed the payment of royalties and penalties under Mineral Code article 212.23(c) In exchange, the defendant agreed to transfer an overriding royalty interest in the subject prospect to the plaintiff in the event defendant acquired an interest in the prospect. 31:212.21).

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Royalty Royalty Interest Casing IT 40

The Energy Law

DECEMBER 11, 2007

On November 21, 2007, the Louisiana Fourth Circuit Court of Appeal affirmed the trial court’s ruling in favor of Chevron U.S.A., Further, the real “cause of action” for res judicata purposes in both the Tract 87 litigation and the instant case was the immovable known as the 1938 BLD Lease, not any single tract of land contained therein.

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Royalty Casing Government IT 40

The Energy Law

JUNE 2, 2009

By Marie Carlisle On May 28, 2009, the Fifth Circuit decided In the Matter of: Lease Oil Antitrust Litigation, case no. On December 12, 2007, the district court approved the cy pres distribution but, anticipating an intervention and appeal by the State, set the funds aside rather than immediately distributing them.

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Oil Casing IT Royalty 40

The Energy Law

MARCH 30, 2017

1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. The first tract, which covered 63 acres, was transferred through a series of agreements including an act of exchange and a subsequent cash sale in 2007. [8] However, art.

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Spud-in Operator IT E&A 40