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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

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

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Trudging the Rocky Landscape of Royalty Dispute Litigation with the Texas Supreme Court Yet Again in BlueStone

The Energy Law

With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. But the Court’s sporadic holdings regarding royalty clauses, each so specific to the particular language of the lease, have left lessees on unsteady footing. Heritage Resources , 939 S.W.2d

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Future Outlook for Subsurface Trespass Claims Against Third Party Purchasers of Minerals

The Energy Law

Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title. Communications include firm news, insights, and events. 31:210 did not apply, and that the Hills’ argument that La.

Oil 52
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Future Outlook for Subsurface Trespass Claims Against Third Party Purchasers of Minerals

The Energy Law

Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title. Communications include firm news, insights, and events. 31:210 did not apply, and that the Hills’ argument that La.

Oil 40
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With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

Finally, the regulations will likely address other key issues including transportation pipelines, spacing between lease areas, environmental monitoring requirements, and use of legacy OCS infrastructure for CCS purposes. Communications include firm news, insights, and events.

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

Oil & Gas 360º

and Veren’s website at www.vrn.com by selecting “Investors” , then “Presentations & Events”. The conference call dial-in number is: 1-888-510-2154or (403) 910-0389or (437) 900-0527 A live webcast of the conference call will be accessible on Whitecap’s website at www.wcap.ca

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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

Communications include firm news, insights, and events. Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry.

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