2007, Oil and Royalty - Energy Aggregated

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

MMS Proposes Royalty Relief Amendments

The Energy Law

JUNE 4, 2007

Hunter MMS has announced proposed amendments to its deep gas royalty relief regulations under the Energy Policy Act of 2005. MMS will accept comments on the proposed rule through July 17, 2007. MMBtu expressed in 2006 dollars. Click here to read the Notice.

Royalty

Royalty Offshore BCF Gas

Federal Court Upholds Mandatory Deep Water Royalty Relief

The Energy Law

NOVEMBER 1, 2007

The court ruled that Interior’s price threshold clauses unlawfully deprived Kerr-McGee of the statutory right to produce minimum volumes of oil and gas royalty-free, as mandated by Congress in the Outer Continental Shelf Deep Water Royalty Relief Act of 1995. CLICK here to view the decision

Royalty

Royalty Oil Gas Offshore

Texas Appeals Court Interprets Mineral Conveyances

The Energy Law

MAY 25, 2007

04-05-00904-CV, 2007 WL 460648 (Tex. 14, 2007). Morris Resources, Ltd., Morris Resources, Ltd., Hamilton v. Morris Res., San Antonio Feb.

Royalty Interest

Royalty Interest Royalty Oil Gas

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. 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.

Royalty

Royalty E&P Exploration and Production Operator

Texas Court Subjects Override to Non-Consent Penalties

The Energy Law

MAY 24, 2007

BTA Oil Producers , No. 11-06-00029-CV, 2007 WL 865811 (Tex. Eastland March 22, 2007). James Boldrick is an assignee of an overriding royalty interest in property subleased to BTA. BTA sought a declaratory judgment that it has no obligation to account for the overriding royalty interest.

Royalty Interest

Royalty Interest Royalty Division Order IT

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

The Energy Law

MARCH 10, 2021

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

Oil E&A Operator IT

Fifth Circuit Reverses, Allows Texas to Intervene in Cy Pres

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. 08-40230, reversing the District Court’s denial of the State of Texas’ motion to intervene in a matter concerning unclaimed settlement money from the oil antitrust action.

Oil

Oil Casing IT Royalty

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

The Energy Law

MARCH 10, 2021

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

Oil Exploration and Production E&A Operator

Louisiana Second Circuit Addresses: (1) Creation of Mineral Servitudes Via Notarial Acts of Correction; (2) Obstacles Suspending the Prescription of Nonuse from Running Against Mineral Servitudes; and (3) Payment of Court Costs in Concursus Actions

The Energy Law

MARCH 30, 2017

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] 14] The Second Circuit’s decision in regard to this issue does not represent a departure from the viewpoint that most in the oil and gas industry have towards notarial acts of correction.

Spud-in

Spud-in Operator IT E&A

Energy Aggregated

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

MMS Proposes Royalty Relief Amendments

Trending Sources

Federal Court Upholds Mandatory Deep Water Royalty Relief

Texas Appeals Court Interprets Mineral Conveyances

Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties

Texas Court Subjects Override to Non-Consent Penalties

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

Fifth Circuit Reverses, Allows Texas to Intervene in Cy Pres

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

Louisiana Second Circuit Addresses: (1) Creation of Mineral Servitudes Via Notarial Acts of Correction; (2) Obstacles Suspending the Prescription of Nonuse from Running Against Mineral Servitudes; and (3) Payment of Court Costs in Concursus Actions

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