Producer's Edge

JUNE 4, 2025

The distinguishing feature of the 24 leases at issue was that KEW owned up to an 80% working interest in them (compared to 75% in all other leases being sold). The sales contracts addressed this extra up-to-5% interest through Section 8.1(iii), Callon acquired and recorded its ownership interest in August 2017.

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Royalty Interest Royalty Casing IT 52

Producer's Edge

NOVEMBER 1, 2024

The Texas Supreme Court heard oral arguments last week in a case that could substantially clarify, or even fundamentally reshape, the characterization and ownership of underground storage rights in Texas. The case was Myers-Woodward v. The case remains pending before the Texas Supreme Court on petition for review.

Royalty 52

Royalty Royalty Interest Casing Oil 52

Producer's Edge

MAY 19, 2025

2017), the Court observed that the mineral estate generally includes the right to "possess the minerals" but "do[es] not include the right to possess the specific place or space where the minerals are located." West, 508 S.W.2d 2d 812, 815 (Tex. " • In Lightning Oil Co. Anadarko E&P Onshore, LLC, 520 S.W.3d

Royalty 52

Royalty Casing E&A Oil 52