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The Continued Struggle to Rebut the Van Dyke Presumption

Producer's Edge

Navigator Group that courts interpreting “antiquated instruments” that use 1/8 within a double fraction must begin with the rebuttable presumption that 1/8 refers to the entire mineral estate, Texas courts have wrestled with its implications. This article discusses a couple more cases in 2024. July 31, 2024).

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Harmonizing Assignments and Exhibits

Producer's Edge

23-0037, 2024 Tex. LEXIS 369 (May 17, 2024) and the previous appellate history. As is usually the case with contract interpretation, clarity and specificity are paramount. These issues are front and center in the Texas Supreme Court’s recent opinion in Occidental Permian, Ltd., Citation 2002 Inv.

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Broad Assignments & Deep Disputes: Decoding Depth Descriptions

Producer's Edge

Where the instruments are not clear, this can sometimes lead to disagreement as to whether the descriptive information is intended to limit the scope of the assignment, or to merely serve as helpful descriptive information. Citation 2002 Inv. LLC , 689 S.W.3d 3d 899 (Tex.

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Can Letters of Intent Form Binding Purchase Contract?

Producer's Edge

Purchase and sale transactions often progress through several stages of instruments, like layers of an onion, before they reach the final definitive purchase agreement, and perhaps even more layers before they reach the final assignment and post-closing items. A recent case on this topic is Pappas Harris Capital, LLC v.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

’s reserves evaluation effective December 31, 2024 for both Whitecap and Veren, respectively, which were each evaluated or audited in accordance with the COGE Handbook and account for drilling locations that have associated proved and/or probable reserves, as applicable.

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