article thumbnail

Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties

The Energy Law Blog

Gloria’s Ranch ultimately filed suit against Tauren, Cubic, EXCO, and Wells Fargo for their failure to provide a recordable instrument evidencing the expiration of the lease. EP Energy E&P Co., Gloria’s Ranch sent a letter dated December 3, 2009 to Tauren, Cubic, EXCO, and Wells Fargo. [8] 8 (citing La. 8 (citing La.

Royalty 40
article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

“Free funds flow” is a non-GAAP financial measurecalculated as funds flow less expenditures on property, plant and equipment (“PP&E”). Readers are cautioned that the FOFI contained in this press release should not be used for purposes other than for which it is disclosed herein.

Energy 130