Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties
The Energy Law Blog
JUNE 12, 2017
4] In 2007, Fossil Operating, Inc. Louisiana Mineral Code article 124 provides for lease maintenance beyond the primary term by production in paying quantities. between May 2007 and February 2010. [20] EP Energy E&P Co., 3] Tauren subsequently assigned a 49% interest in the lease to Cubic Energy, Inc.
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