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
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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