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Fasken v. Puig – Another Post-Production Cost Case

Oil and Gas Lawyer

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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 Blog

Now the case is before the Texas Supreme Court, with a recently submitted amicus brief containing the argument that could turn the tides back in the lessees’ favor. The lessors won in the trial court; the court of appeals affirmed. Factual Background and Issue.

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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 Blog

Anything to the contrary herein notwithstanding, it is expressly provided that the terms of this paragraph shall be controlling over the provisions of Paragraph 3 of this lease to the contrary and this paragraph shall not be treated as surplusage despite the holding in the cases styled “Heritage Resources, Inc. NationsBank”, 939 S.W.2d

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Sixth Circuit Court of Appeals Affirms District Court Decision on Royalty Calculations

Vorys Energy

Stated differently, though the Lessees are receiving an amount that is ‘net’ as to the downstream affiliate, it is not ‘net’ from the Lessees’ perspective, but simply the actual cost of the raw product produced by the Lessee production company without any deductions (production or post-production) by the Lessee for its production costs.”

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Collaboration: Key to the first multicloud blockchain deployment

IBM: Oil & Gas

Between October 2018 and June 2019, we developed the first IBM Blockchain solution deployed on a non-IBM cloud — in this case AWS. It was a textbook case study of various vendor resources coming together to build something that’s never been built before.

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Kuwaiti Producers Partner With OilPro & KamberFab to Build API Tanks

OilPro

In this case it was a little bit easier. Engineers need to calculate nozzle loads, wind loads, venting and keep up and downstream components in mind. So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”?

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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 Blog

While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d 3d 198, 211 (Tex.

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