article thumbnail

Texas Supreme Court Again Addresses Royalty Class Actions

The Energy Law

15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims. The class affirmed the denial of two subclasses, but reversed the denial of a third subclass of royalty claimaints. In Bowden v. Phillips Petroleum Co. , 03-0824 (Feb.

Royalty 40
article thumbnail

U.S. House of Representatives Passes Energy Bill

The Energy Law

Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 House of Representatives passed Speaker Pelosi’s Energy Bill, H.R.

Royalty 40
Insiders

Sign Up for our Newsletter

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

article thumbnail

Texas Supreme Court interprets pooling clause in mineral lease

The Energy Law

By Sarah Steward-Lindsey On November 21, 2008, the Supreme Court of Texas decided that a mineral owner’s participation in a validly pooled unit did not cease simply because the lease of that interest terminated.

Royalty 40
article thumbnail

Fifth Circuit Reverses, Allows Texas to Intervene in Cy Pres

The Energy Law

On January 11, 2008, Texas filed a motion to intervene and a motion to reconsider with the district court. 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.

Oil 40