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In 2002 Hahn conveyed the tract to William and Lucille Gips, reserving an undivided one-half non-participating interest in and to all of the royalty [Hahn] now owns (same being an undivided one-half of [Hahn’s] one-fourth or an undivided one-eighth royalty) … Continue reading
Environmental Protection Agency (EPA), seeking to compel EPA to “fulfill long-delayed nondiscretionary duties” under the Resource Conservation and Recovery Act (RCRA) by issuing revised regulations governing oil and gas wastes. McCarthy , Case No. The oil and gas industry will need to monitor this suit. McCarthy , 989 F.
What happens when language in the body of an assignment of oil and gas interests conflicts with descriptions in the exhibits? Citation 2002 Inv. Citation 2002 Inv. As is usually the case with contract interpretation, clarity and specificity are paramount. 23-0037, 2024 Tex. 23-0037, 2024 Tex. Occidental Permian, 662 S.W.3d
The Case In this recent case, the Texas Supreme Court resolved whether ratification of a lease or signing of a stipulation agreement could transform a fixed non-participating royalty interest (NPRI) into a floating NPRI. In short, the court held that mere ratification of a lease does not alter a fixed NPRI.
Citation - The Latest Twist The Texas Supreme Court revisited the issue of harmonizing an assignment’s broad body and descriptive exhibits in the recent case, Occidental Permian, Ltd. Citation 2002 Inv. et al (Occidental) to a predecessor of Citation 2002 Investment LLC (Citation). LLC , 689 S.W.3d 3d 899 (Tex.
—Tyler 5/5/2010), the Tyler Court of Appeals upheld a trial court’s findings of fact and conclusions of law with respect to the termination of an oil and gas lease for failure to pay shut-in royalty payments to the proper party. The case involved a dispute between the original lessee and a top lessee.
In the watershed Corbello [1] decision, the Louisiana Supreme Court affirmed a $33 million award—the cost to restore property valued at $108,000 to its “original condition” after it was damaged by oil and gas operations. For more information on how the subsequent purchaser doctrine has been applied in legacy cases, click here.)
Relying on the case of Terrebonne Parish School Board v. 2002), the court held that contractual ambiguity in a servitude agreement requires resort to Louisiana’s suppletive servitude rules. Columbia Gulf Transmission Co. , 3d 303 (5 th Cir. Castex Energy, Inc. , 2d 789 (La.
Factual Background The Lester suit was originally filed in 2002 in state court [2] on behalf of over 600 plaintiffs, one of whom was Mr. Cornelius Bottley, for exposure to naturally occurring radioactive materials “NORM” while working at various pipe yards. Civil District Court for the Parish of Orleans, State of Louisiana, Case No.
1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. 14] The Second Circuit’s decision in regard to this issue does not represent a departure from the viewpoint that most in the oil and gas industry have towards notarial acts of correction.
Cypress owned a majority stake in the company from 2002 to 2008. In many cases they just lease a roof from the homeowner, front cost of installation upfront and collect revenue directly from a power purchase agreement (PPA) with the utility. At the peak, SunPower accounted for more than half of Cypress revenue.
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