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. 2d 118 (Tex.

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Royalty Oil Gas Downstream 98

The Energy Law

AUGUST 1, 2007

By Dana Douglas The Louisiana First Circuit Court of Appeal recently held that an operator is not responsible for payment of a non-operator’s royalties and overriding royalties before payout. 2007 WL 1651090 (La. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout.

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The Energy Law

JUNE 12, 2017

4] In 2007, Fossil Operating, Inc. Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 5] Chesapeake Operating, Inc. 3] Tauren subsequently assigned a 49% interest in the lease to Cubic Energy, Inc.

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Royalty E&P Exploration and Production Operator 40

The Energy Law

MAY 24, 2007

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. BTA Oil Producers , No.

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Royalty Interest Royalty Division Order IT 40

The Energy Law

AUGUST 27, 2007

This rule is operative without any formal order. The revision became effective July 9, 2007. By Joe Giarrusso: In Louisiana, a lawsuit is generally deemed abandoned when the parties fail to take any step in its prosecution for three years. Click here to read the Act.

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The Energy Law

MARCH 10, 2021

In 2007, The Louisiana Commissioner of Conservation granted TMR a permit to drill for minerals on property not owned by Plaintiffs (collectively, the “Hills”). The Hills claim that TMR, and its successor operators, produced and sold minerals from underneath their property without their knowledge or consent.

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Oil E&A Operator IT 52

The Energy Law

MARCH 10, 2021

In 2007, The Louisiana Commissioner of Conservation granted TMR a permit to drill for minerals on property not owned by Plaintiffs (collectively, the “Hills”). The Hills claim that TMR, and its successor operators, produced and sold minerals from underneath their property without their knowledge or consent.

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Oil Exploration and Production E&A Operator 40