2010, Operator and Workover - Energy Aggregated

Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

The Energy Law

JANUARY 26, 2016

The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. 2] Implicit in the term “paying quantities” is the requirement that the lessee show a profit, meaning production revenues must exceed “operating expenses.” [3]

Oil

Oil Exploration and Production Gas Operator

Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code

The Energy Law

JUNE 12, 2017

The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. The mortgage provided that the mineral lessees could not enter into new operating agreements or amend existing operating agreements without written consent of the mortgagee. [14]

Royalty

Royalty Exploration and Production Royalty Interest Operator

Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code

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