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Texas Supreme Court Rules on Modification of NPRIs

Producer's Edge

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. is effective until it is declared so by a court.”

Royalty 59
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Key Issues in OTC Derivatives Contracts as COVID-19 Disrupts Global Financial Markets

The Energy Law

Derivatives contracts typically provide for standard fallback mechanisms in the event of a disruption, including no-fault termination, but parties should confirm if the standard fallbacks have been modified in a confirmation or other documentation. . Force Majeure and Impossibility.

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Derivatives: ISDA Announces 2016 New York Law Variation Margin Credit Support Annex

The Energy Law

Other key revisions to the 2016 CSA include the following: the scope is limited to “covered” transactions that are relevant for determining exposure under applicable rules; the concept of a threshold for uncollateralized exposure is no longer relevant; the timing for transfers of collateral delivery amounts has been shortened by one business day (timely (..)