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It also owns a 1/8 th royalty on oil, gas and other minerals produced from the land. tons of salt from the property between 2015 and 2019. Myers Woodward owns the surface estate of 160 acres in Matagorda County. Underground Services Markham (USM) owns the salt and salt formations under the 160 acres. USM produced some 2.7
million judgment for reimbursement of mineral royalties. In 2015, the trial court recognized the plaintiffs as the rightful owners of the riverbanks and ordered the LDNR to pay back almost $4.7 million in mineral royalties attributable to ownership of these banks. 1/1/23), So.
the El Paso Court of Appeals reversed a trial court's summary judgment and held that post-closing "corrections" to overriding royalty assignments were invalid and unenforceable against a subsequent purchaser. —El Paso Jan. 28, 2025, no pet. The sales contracts addressed this extra up-to-5% interest through Section 8.1(iii),
In this case, CT Land and Cattle and Cattle Co., Citing two Fifth Circuit cases, CT Land also argued that the burial provision ran with the land, meaning that it could be enforced by successive surface owners. In 2015, Ammonite acquired a lease of State minerals covering a narrow and winding stretch of the Frio River.
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