The Energy Law

JANUARY 24, 2007

The Associated Press reported today that a federal jury found Kerr McGee liable for additional royalties on crude oil produced from federal properties and sold through Texon. Kerr McGee had denied the allegations and claimed that no additional royalties were owed. Kerr McGee has indicated that intends to appeal the verdict.

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The Energy Law

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.

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Royalty Operator Royalty Interest E&A 98

The Energy Law

FEBRUARY 19, 2008

15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims. The class affirmed the denial of two subclasses, but reversed the denial of a third subclass of royalty claimaints. Phillips Petroleum Co. , 03-0824 (Feb. Thus, under its Yzaguirre holding, class treatment was inappropriate.

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Royalty Gas Petroleum Casing 40

The Energy Law

MARCH 31, 2022

management of the affairs of another) which provides managers with reimbursement rights for all necessary and useful expenses. Because post-production costs are expended to make that production marketable, the managing operator is entitled to be reimbursed for the unleased mineral owner’s share of post-production costs.

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Operator Management E&A Gas 98

The Energy Law

JANUARY 18, 2011

Dunn-McCampbell Royalty Interest Inc. Nat’l Park Serv. , 09-40187 (5th Cir.

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The Energy Law

NOVEMBER 7, 2014

Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments.

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Offshore Exploration and Production Oil Government 40

Oil and Gas Investments

NOVEMBER 27, 2024

Part of the funding for Autazes will come from a royalty agreement with Franco Nevada. That is $1M for the option – the purchase price of the royalty will be based on a 12.5% There is also a 2% royalty that will be paid to the Brazilian government. pre-tax IRR at the time the option is exercised.

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Casing Exploration and Production Royalty Transportation 52