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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

The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.

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New Developments in Shocking Case Before the Texas Supreme Court Regarding Construction of Novel Oil & Gas Royalty Term

The Energy Law

concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. On May 28, 2021, the Texas Oil & Gas Association, the oldest and largest oil and natural gas trade association in the state, submitted an amicus brief to the Texas Supreme Court. Sheppard, et. 22, 2020, pet.

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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s

The Energy Law

Burlington Resources Oil & Gas Co., BlueStone thus provides a warning to future lessees: if it is the intent of the parties to have free use of gas both on and off the leased premises, such intent must be made clear and memorialized in an oil and gas agreement, using clarifying phrases that emphasize such intent. 3d 198, 211 (Tex.

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How Free Water Knockouts Work

OilPro

In the oil and gas industry, the process of separating water and other impurities from crude oil and natural gas is crucial for efficient and safe production. In this article, we will explore what free water knockouts are, how they work, and the different types and design considerations to keep in mind when implementing them.

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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

Burlington Resources Oil & Gas Co., BlueStone thus provides a warning to future lessees: if it is the intent of the parties to have free use of gas both on and off the leased premises, such intent must be made clear and memorialized in an oil and gas agreement, using clarifying phrases that emphasize such intent. 3d 198, 211 (Tex.

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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

Burlington Resources Oil & Gas Co., BlueStone thus provides a warning to future lessees: if it is the intent of the parties to have free use of gas both on and off the leased premises, such intent must be made clear and memorialized in an oil and gas agreement, using clarifying phrases that emphasize such intent. 3d 198, 211 (Tex.

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How Does Blockchain Integration Impact Renewable Energy Procurement?

Navigate Power

Article at a glance Blockchain helps buy and sell renewable energy directly between users. Let’s take oil as an example. Oil acquisition involves several steps, from exploring potential sites to refining and transporting the collected oil. How Does Blockchain Impact the Oil and Gas Industry?

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