Remove 2007 Remove Education Remove Oil
article thumbnail

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

The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.

Royalty 98
article thumbnail

Future Outlook for Subsurface Trespass Claims Against Third Party Purchasers of Minerals

The Energy Law

A recent decision from the Louisiana First Circuit Court of Appeal may have lasting effects on good faith purchasers of oil. In 2007, The Louisiana Commissioner of Conservation granted TMR a permit to drill for minerals on property not owned by Plaintiffs (collectively, the “Hills”). 31:210, and the registry mandate included therein.

Oil 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property. 5/25/21), 2021 WL 2102932, —So.

Casing 59
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property. 5/25/21), 2021 WL 2102932, —So.

Casing 52
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property. 5/25/21), 2021 WL 2102932, —So.

Casing 52
article thumbnail

Future Outlook for Subsurface Trespass Claims Against Third Party Purchasers of Minerals

The Energy Law

A recent decision from the Louisiana First Circuit Court of Appeal may have lasting effects on good faith purchasers of oil. In 2007, The Louisiana Commissioner of Conservation granted TMR a permit to drill for minerals on property not owned by Plaintiffs (collectively, the “Hills”). 31:210, and the registry mandate included therein.

Oil 40
article thumbnail

The Future of Carbon Capture and Sequestration

The Energy Law

3] Another reason for producers’ interest in CCS programs is that injection of carbon dioxide underground can serve to release trapped oil. This process is known as enhanced oil recovery and is currently the top use for captured carbon dioxide globally. [4] 585, 589 (2007). [3]

E&A 52