Casing E&A Royalty Interest 
The Energy Law Blog
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.” Dils Co. , 2d 904 (Tex.
The Energy Law Blog
APRIL 4, 2023
While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners. Perhaps time will tell.
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Producer's Edge
NOVEMBER 1, 2024
The Texas Supreme Court heard oral arguments last week in a case that could substantially clarify, or even fundamentally reshape, the characterization and ownership of underground storage rights in Texas. The case was Myers-Woodward v. The case remains pending before the Texas Supreme Court on petition for review.
The Energy Law Blog
MARCH 15, 2023
The lessees owned working interests in certain oil and gas leases that were executed in 2007. The leases contained the following royalty provisions: 3. The lessees paid royalties to the lessors based on their gross proceeds. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. Mewbourne Oil Co.”, 2d [133,] 135-36 (Tex.
The Energy Law Blog
APRIL 19, 2021
The Eagle II case is the second case that arose between TRO-X, L.P. (“TRO-X”) In Eagle II , TRO-X alleged that Eagle failed to pay TRO-X its share of income generated from production on the equitable interests. TRO-X sought money damages to remedy the alleged breach, not transfer of title of a share of the Interests.
The Energy Law Blog
APRIL 19, 2021
The Eagle II case is the second case that arose between TRO-X, L.P. (“TRO-X”) In Eagle II , TRO-X alleged that Eagle failed to pay TRO-X its share of income generated from production on the equitable interests. TRO-X sought money damages to remedy the alleged breach, not transfer of title of a share of the Interests.
The Energy Law Blog
APRIL 7, 2020
The equity for these LLCs is known as “membership interests” but may be referred to in the LLC operating agreement as “units”. Many LLC operating agreements provide for the issuance of additional membership interests or units, but may not provide for the issuance of a different class of membership interests or units.
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