The Energy Law

MARCH 7, 2023

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. In addition to the estate misconception theory, the Court analyzed the “legacy of the one-eighth royalty.” Texas courts refer to this phenomenon as the “estate-misconception” theory.

Royalty 98

Royalty Oil Gas Royalty Interest 98

The Energy Law

JUNE 12, 2017

On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] 1] The dispute in Gloria’s Ranch, L.L.C. 035 cents per mcf.

Royalty 40

Royalty E&P Exploration and Production Operator 40

Producer's Edge

DECEMBER 3, 2024

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.

Royalty Interest 52

Royalty Interest Royalty Casing Instrumentation 52

The Energy Law

JUNE 12, 2017

1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] in unpaid royalties and an additional double damages penalty of $484,058.52

Royalty 40

Royalty Exploration and Production Royalty Interest Operator 40

The Energy Law

MARCH 30, 2017

Nonetheless, it does serve as a reminder that when a party recognizes an omission or mistake in an instrument affecting mineral rights, a party should not immediately opt for an easy fix via a notarial act of correction. 29] As a result, it found that bad weather is not an obstacle under Mineral Code article 59. [30]

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Spud-in Operator IT E&A 40

The Energy Law

APRIL 7, 2020

This article briefly describes four structured capital raising techniques that may be available to meet those needs: (1) convertible debt instruments; (2) convertible or non-convertible preferred equity instruments; (3) preferred limited partnership interests; and (4) debt instruments issued with “equity kickers”.

Instrumentation 40

Instrumentation E&A Management IT 40