Energy Central
FEBRUARY 19, 2024
By EDF Blogs By Aaron Wolfe, Ari Pottens , and Scott Seymour EDF economic analysis found that in 2022 oil and gas operators across Alberta wasted $671 million in natural gas, costing the provincial government over $120 million in lost royalties and uncollected corporate taxes.
Texas Oil & Gas Attorney
JUNE 30, 2024
Whether a royalty granted or reserved in a deed is a “fixed” or “floating” royalty has resulted in a lot of litigation in Texas. 3d , 2022 WL 17351596 (Tex.Civ.App.Corpus Christi 2022, pet. The question is: does the stipulation of interest change the original fixed royalty into a floating royalty?
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Texas Oil & Gas Attorney
SEPTEMBER 8, 2023
The Texas Supreme Court is going to hear a case in which the issue is whether the interest to be paid on past due royalties is simple or compound interest. App.Beaumont 2022, pet. The specific language in the lease is: Continue reading The post Interest Paid on Past Due Royalties appeared first on Texas Oil and Gas Attorney Blog.
The Energy Law Blog
APRIL 4, 2023
While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners.
Vorys Energy
FEBRUARY 4, 2022
On February 1, 2022, the United States Court of Appeals for the Sixth Circuit affirmed the lower court’s decision in Zehentbauer Family Land, LP, et al. The Court held that the lessees’ payment of royalties based on amounts they received from sales to their affiliates at the well was proper and followed the language of the lease.
Vorys Energy
OCTOBER 31, 2022
Ohio’s Seventh District Court of Appeals recently held that an “anti-washout” provision found in multiple assignments of overriding royalty interests covering leases that subsequently expired was not binding on the original lessee’s assignees, which had taken new leases to those same lands, as there was no privity of contract.
Texas Oil & Gas Attorney
SEPTEMBER 21, 2024
In 2022, in a case decided by the Corpus Christi Court of Appeals , the issue was who owns the right to use underground salt caverns: the mineral owner or the surface owner? 3d , 2022 WL 2163857 (Tex.Civ.App.Corpus ChristiEdinburgh 2022), pet. 30, 2024), the Court also considered how a salt royalty should be calculated.
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