2007 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 Blog

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.

Royalty

Royalty Oil Gas Downstream

MMS Proposes Royalty Relief Amendments

The Energy Law Blog

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 Blog

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

Louisiana Operators Are Not Responsible For Making Non-Participants’ Royalty Payments Before Payout

The Energy Law Blog

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. Thus, the non-participant was responsible for payment of its royalty and overriding royalty payments.

Royalty

Royalty Operator Exploration and Production Abandonment

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. 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 Appeals Court Interprets Mineral Conveyances

The Energy Law Blog

MAY 25, 2007

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

Royalty Interest

Royalty Interest Royalty Oil Gas

Court Addresses Sufficiency of Demand Letter Under Mineral Code Articles 212.21-23

The Energy Law Blog

JANUARY 25, 2008

07-834, 2007 WL 4409686 (La. 12/19/07), the court addressed the payment of royalties and penalties under Mineral Code article 212.23(c) In exchange, the defendant agreed to transfer an overriding royalty interest in the subject prospect to the plaintiff in the event defendant acquired an interest in the prospect. 31:212.21).

Royalty

Royalty Royalty Interest Casing IT

Texas Court Subjects Override to Non-Consent Penalties

The Energy Law Blog

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.

Royalty Interest

Royalty Interest Royalty Division Order IT

Res Judicata Bars Relitigation of 1938 Buras Levee District Lease’s Validity

The Energy Law Blog

DECEMBER 11, 2007

On November 21, 2007, the Louisiana Fourth Circuit Court of Appeal affirmed the trial court’s ruling in favor of Chevron U.S.A., 2007-CA-0673, pp. Ultimately, the Fourth Circuit affirmed the trial court’s finding that the State’s claims were barred by res judicata. State of Louisiana, et al. , 11/21/07).

Royalty

Royalty Casing Government IT

Louisiana Extends Abandonment Period For Litigation Affected by Katrina or Rita

The Energy Law Blog

AUGUST 27, 2007

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. This rule is operative without any formal order. Click here to read the Act.

Abandonment

Abandonment Operator IT Royalty

Fifth Circuit Reverses, Allows Texas to Intervene in Cy Pres

The Energy Law Blog

JUNE 2, 2009

On December 12, 2007, the district court approved the cy pres distribution but, anticipating an intervention and appeal by the State, set the funds aside rather than immediately distributing them. The District Court decided to distribute the funds to a third party, under the doctrine of cy pres.

Oil

Oil Casing IT Royalty

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

The Energy Law Blog

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”). Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title.

Oil

Oil E&A IT Operator

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

The Energy Law Blog

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”). Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title.

Oil

Oil Exploration and Production E&A IT

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 Blog

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] 8] However, these agreements did not contain language providing for a mineral reservation to the tract’s original owner. [9] However, art.

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

Louisiana Operators Are Not Responsible For Making Non-Participants’ Royalty Payments Before Payout

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 Appeals Court Interprets Mineral Conveyances

Court Addresses Sufficiency of Demand Letter Under Mineral Code Articles 212.21-23

Texas Court Subjects Override to Non-Consent Penalties

Res Judicata Bars Relitigation of 1938 Buras Levee District Lease’s Validity

Louisiana Extends Abandonment Period For Litigation Affected by Katrina or Rita

Fifth Circuit Reverses, Allows Texas to Intervene in Cy Pres

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

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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