2009, Maintenance and Royalty - Energy Aggregated

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

6] On September 1, 2009, Gloria’s Ranch executed a top lease to Chesapeake on the property in Section 21. [7] 7] In November of 2009, Tauren assigned the deep rights (all depths below the base of the Cotton Valley formation) to EXCO USA Asset, Inc. EXCO”) for $18,000 per acre. The defendant’s appealed.

Royalty

Royalty E&P Exploration and Production 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

27] Second, the operator had testified its “drop dead date” to spud its well was in May 2004 and that, had it realized servitude maintenance issues existed, the well could have been spudded in time. [28] University of Georgia, 2009. First, it recognized that the operator was familiar with the terrain and the potential for delays. [27]

Spud-in

Spud-in Operator IT E&A

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

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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