Producer's Edge
DECEMBER 9, 2024
Citation 2002 Inv. Citation 2002 Inv. In Posse Energy the El Paso Court of Appeals determined that the limiting language in the exhibit at issue did control, since the language in the granting instrument was “extremely broad” and the exhibit included the critical limiting language of “insofar and only insofar as.”
Producer's Edge
APRIL 30, 2025
In 2002, Kenneth Hahn conveyed land to William and Lucille Gips, reserving "an undivided one-half (1/2) non-participating interest in and to all of the royalty [Hahn] now owns ConocoPhillips Co. Hahn also challenged the stipulation under the statute of frauds, arguing it failed as a conveyance for lack of adequate property descriptions.
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Producer's Edge
JANUARY 13, 2025
Where the instruments are not clear, this can sometimes lead to disagreement as to whether the descriptive information is intended to limit the scope of the assignment, or to merely serve as helpful descriptive information. Citation 2002 Inv. et al (Occidental) to a predecessor of Citation 2002 Investment LLC (Citation).
The Energy Law
MARCH 25, 2020
In the 2002 ISDA Master Agreement this concept appears in the “force majeure” termination event, and in the 1992 ISDA Master Agreement it is often adopted as an “impossibility” additional termination event. . – Force Majeure and Impossibility.
The Energy Law
MAY 26, 2023
38:2325(B) which states that it holds property “as an instrumentality of the State of Louisiana[;]” the Fifth Circuit pointed out that the statute also states “[t]itle to all property acquired by the Authority shall be taken in its corporate name.” Hawkins , 381 F.3d As for the sixth and final factor, though SRA-L pointed to La. 4 (5th Cir.
The Energy Law
MAY 5, 2016
For over 20 years, the existing 1994 CSA has been the preferred instrument for detailing credit support arrangements related to New York law ISDA contracts. Initial margin requirements are excluded from the 2016 CSA and, if applicable, would be addressed in a separate instrument.
The Energy Law
MARCH 30, 2017
Nonetheless, it does serve as a reminder that when a party recognizes an omission or mistake in an instrument affecting mineral rights, a party should not immediately opt for an easy fix via a notarial act of correction. 20] The CUA permit was obtained on January 20, 2004.
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