Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code
The Energy Law
JUNE 12, 2017
The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. Tauren”) In February 2006, Tauren assigned an undivided 49% interest in the Lease to Cubic Energy, Inc. The mineral lessees executed credit agreements with Wells Fargo Energy Capital, Inc.
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