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 support of that notion, the Court cited the 1957 Texas Supreme Court case Garrett v. Dils Co. , 2d 904 (Tex. Element Petroleum Props., 11-21-00103-CV (Tex.

Royalty 98

Royalty Oil Gas Royalty Interest 98

The Energy Law Blog

APRIL 4, 2023

The current proposed bill, however, would require operators to remit all royalty payments directly to the lessors on behalf of nonparticipating working interest owners prior to well payout, i.e., during the recoupment of costs, and the statutorily authorized risk charge.

Royalty 98

Royalty Operator Royalty Interest E&A 98

The Energy Law Blog

MARCH 15, 2023

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

Royalty 98

Royalty Oil Gas Downstream 98

The Energy Law Blog

APRIL 19, 2021

The Eagle II case is the second case that arose between TRO-X, L.P. (“TRO-X”) Factual and Procedural Background TRO-X and Eagle entered into an agreement to buy and sell certain leases, sharing the cash and mineral interest proceeds derived from such sales (the “Agreement”). TRO-X, L.P. , 18-0983, 2021 WL 1045723, at *1 (Tex.

Royalty 52

Royalty Exploration and Production IT Casing 52

The Energy Law Blog

APRIL 19, 2021

The Eagle II case is the second case that arose between TRO-X, L.P. (“TRO-X”) TRO-X and Eagle entered into an agreement to buy and sell certain leases, sharing the cash and mineral interest proceeds derived from such sales (the “Agreement”). TRO-X, L.P. , 18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”).

Exploration and Production 40

Exploration and Production Royalty IT Oil 40

The Energy Law Blog

APRIL 7, 2020

Preferred equity in these cases usually includes the right to vote for directors of a corporation or managers of an LLC. In many cases, the investors in preferred equity will require representation on the board of directors for an SMB organized as a corporation or the board of managers for an SMB organized as an LLC.

Instrumentation 40

Instrumentation E&A IT Management 40