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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

20-0904, 2023 WL 2438927 (Tex. 2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d 2d 118 (Tex.

Royalty 98
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Louisiana’s Sabine River Authority Not Entitled To Sovereign Immunity

The Energy Law

Plaintiffs alleged that despite advance knowledge of the likelihood for significant downstream flooding, SRA-L decided to open spillway gates freeing water from the reservoir into the Sabine River to alleviate elevated reservoir volumes from a cataclysmic rain storm in March of 2016. 1] Perry Bonin, et al., Sabine River Auth.,

Casing 52
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Nigeria Oil Industry Overview

Drillers

It will fall to courts to rule on this case, and it will take quite a while. For another, it would relieve them of the need to renegotiate each of their contracts individually after 2023, which would expose them to political factors since federal elections are due in that year and the incumbent party in power could lose.

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RARE GEOLOGY GREAT ECONOMICS LOW CAPEX

Oil and Gas Investments

He already has deals with several downstream partners, including a large Canadian division of Glencore, and in the US with GKN Powder Metallurgy, with 16,000 employees and 31 manufacturing plants. AN OBVIOUS BUSINESS CASE Lithium-iron-phosphate batteries are taking share at a breathtaking rate. Only their unique geology can do this!