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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

The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.

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ADIPEC Days I & II: All about 'Energy^AI'

Oilholics Synonymous Report

Most were united in their belief that oil and gas will continue to play a role as part of a wider energy mix for decades. The Oilholic also took time out for a BBC Business Today interview with Sally Bundock to discuss the goings-on at ADIPEC, OPEC's decision to postpone its production cuts, state of the oil market and climate finance.

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NOG Conference 2024: Strategies for a Thriving Domestic Gas Market in Nigeria

Nestoil

The Nigerian Oil and Gas (NOG) Conference 2024 Panel Discussion – Delivering a Thriving Domestic Gas Market NOG Energy Week themed ‘Showcasing Opportunities, Driving Investment, and Meeting Energy Demand, was held in Abuja from June 30 to July 4, 2024. The session was great as so many positive reviews was gotten.

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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

concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. On May 28, 2021, the Texas Oil & Gas Association, the oldest and largest oil and natural gas trade association in the state, submitted an amicus brief to the Texas Supreme Court. Sheppard, et. 22, 2020, pet.

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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

Burlington Resources Oil & Gas Co., BlueStone thus provides a warning to future lessees: if it is the intent of the parties to have free use of gas both on and off the leased premises, such intent must be made clear and memorialized in an oil and gas agreement, using clarifying phrases that emphasize such intent. 3d 198, 211 (Tex.

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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 Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

Burlington Resources Oil & Gas Co., BlueStone thus provides a warning to future lessees: if it is the intent of the parties to have free use of gas both on and off the leased premises, such intent must be made clear and memorialized in an oil and gas agreement, using clarifying phrases that emphasize such intent. 3d 198, 211 (Tex.

Royalty 52
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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 Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

Burlington Resources Oil & Gas Co., BlueStone thus provides a warning to future lessees: if it is the intent of the parties to have free use of gas both on and off the leased premises, such intent must be made clear and memorialized in an oil and gas agreement, using clarifying phrases that emphasize such intent. 3d 198, 211 (Tex.

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