Vorys Energy
JANUARY 2, 2024
Ohio’s Seventh District Court of Appeals recently interpreted two reservations of non-participating royalty interests (NPRIs) involving double fractions, holding that they reserved fixed, rather than floating, royalties. Ohio, LLC , 2023-Ohio-4749. Jeffers , 2023-Ohio-3653, and Crum v. Mooney , 2023-Ohio-4451.
Producer's Edge
DECEMBER 3, 2024
Several 2023 decisions rendered by the El Paso Court of Appeals, reflect a trend toward near-automatic application of the presumption. In rejecting the argument, the court explained that the Lattner successors never argued that the Second Conveyance Recital conveyed everything to Lattner but only a ¼ royalty. ” Id.
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The Energy Law Blog
MARCH 7, 2023
21-0146, 2023 WL 2053175 (Tex. 17, 2023), in which it re-affirmed the axiomatic principle that a text retains the same meaning in the present day as when it was drafted. 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.
The Energy Law Blog
APRIL 4, 2023
On Friday, March 31, 2023, Representative Larry Bagley of Louisiana’s District 7 proposed amendments to Louisiana Revised Statutes § 30:10. As was the case in 2012, this proposed amendment would also extend this direct payment requirement to any overriding royalty interests burdening the nonparticipating owner’s lease.
Producer's Edge
NOVEMBER 1, 2024
The deed severed the mineral estate from the surface estate, with Myers-Woodward LLC (“Myers”) now owning the surface estate and a 1/8th non-participating royalty interest in minerals. ” The Fifth Circuit, applying Texas law in Dunn-McCampbell Royalty Interest, Inc. 3d 39 , 47 (Tex.
The Energy Law Blog
MARCH 15, 2023
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
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