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
MARCH 15, 2023
Those subtractions were only used as a mechanism for arriving at the price to be received by the lessees at that specific location, and nothing in the leases entitled the lessors to royalties only because the sales contracts listed certain of the buyer’s costs to arrive at a market price.
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