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Louisiana Second Circuit Provides Guidance as to Good Faith Required When Conducting Operations Necessary to Interrupt Prescription of Mineral Servitude

The Energy Law

In Cannisnia Plantation , the Louisiana Second Circuit faced the issue of whether a mineral servitude owner conducted good faith operations sufficient to interrupt the prescription of non-use of a mineral servitude. The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006.

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Investing in Oil and Gas Royalties Explained

Aresco

This includes evaluating the geological characteristics of the property, assessing the production history and potential of the wells, understanding the terms of the royalty agreement, and reviewing the financial stability and track record of the operator or producer. Be sure and follow Aresco on Facebook !

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