2007, Casing and Royalty Interest

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2007

Casing

Royalty Interest

Court Addresses Sufficiency of Demand Letter Under Mineral Code Articles 212.21-23

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.

Royalty

Royalty Royalty Interest Casing IT

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

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.

Royalty

Royalty Oil Gas Downstream

Energy Aggregated

Court Addresses Sufficiency of Demand Letter Under Mineral Code Articles 212.21-23

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

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