The Energy Law
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. 20-0904, 2023 WL 2438927 (Tex. Sheppard , — S.W.3d
The Energy Law
JULY 10, 2023
Accordingly, auditing of royalty payments was left to the Mineral Board’s internal accountants, and when an issue arose as to whether royalty payments were made correctly, the Mineral Board’s land personnel and internal counsel would oversee sending demands and pursuing litigation against the State’s mineral lessees and well operators.
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The Energy Law
FEBRUARY 28, 2023
3d , 2023 WL 526075, the Louisiana Supreme Court rejected a writ of mandamus that would have compelled the LDNR to satisfy a $4.7 million judgment for reimbursement of mineral royalties. million in mineral royalties attributable to ownership of these banks. 1/1/23), So.
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. granted September 1, 2023) , the lessors executed a number of oil and gas leases with Samson. In the case of Samson Exploration, LLC v. Bordages, 662 S.W.3d 3d 501 (Tex.
The Energy Law
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.
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.
The Energy Law
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.
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