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Texas Supreme Court Holds that References to “One-Eighth” in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

The Energy Law

In the 1920s—the time the deed at issue was executed—lessors commonly reserved a one-eighth royalty interest when they executed oil and gas leases. Eastland June 1, 2021). Element Petroleum Props., 11-21-00103-CV (Tex.

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Texas Supreme Court Update: TRO-X Lives to Fight Another Day in Contractual Dispute over Share of Income on Production from Equitable Interests

The Energy Law

18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). Factual and Procedural Background TRO-X and Eagle entered into an agreement to buy and sell certain leases, sharing the cash and mineral interest proceeds derived from such sales (the “Agreement”). TRO-X, L.P. , TRO-X”) and Eagle Oil & Gas Co.

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Texas Supreme Court Update: TRO-X Lives to Fight Another Day in Contractual Dispute over Share of Income on Production from Equitable Interests

The Energy Law

18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). TRO-X and Eagle entered into an agreement to buy and sell certain leases, sharing the cash and mineral interest proceeds derived from such sales (the “Agreement”). The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co.