The Energy Law

MARCH 31, 2021

Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions The Texas Supreme Court recently issued its anticipated decision in BlueStone Natural Resources II, LLC v. 19-0459, 2021 WL 936175 (Tex. In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder.

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The Energy Law

MARCH 31, 2021

19-0459, 2021 WL 936175 (Tex. While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. Factual and Procedural Background.

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Producer's Edge

APRIL 30, 2025

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. " The Gipses later leased the minerals to ConocoPhillips for a 1/4 royalty. ."

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Producer's Edge

MAY 19, 2025

May 16, 2025), the Texas Supreme Court resolved two significant issues affecting mineral owners and surface owners: (1) who owns the empty caverns created by salt mining operations, and (2) how to calculate royalty payments on produced salt. Despite this substantial production, USM did not pay Myers any royalty. Can a Cavern Be Owned?

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The Energy Law

NOVEMBER 28, 2022

The Infrastructure Investment and Jobs Act (IIJA), signed into law on November 15, 2021, amended Section 40307 of the Outer Continental Shelfs Act (OCSLA) to provide authority to the U.S. The Council on Environmental Quality (CEQ) issued a “ Report to Congress on Carbon Capture, Utilization, and Sequestration ” in June of 2021.

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Producer's Edge

JANUARY 27, 2025

filed) Mineral owners are often subject to general oil and gas lease forms that include provisions benefitting the surface estate. LLC sought to enforce a provision in a 1948 mineral lease requiring Unitex WI, LLC and Unitex Oil and Gas, LLC (Unitex) to bury pipelines on the ranch land surface CT Land acquired in 2013.

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The Energy Law

APRIL 19, 2021

The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co. 18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). TRO-X”) and Eagle Oil & Gas Co. Eagle”) regarding their agreement to jointly acquire and sell oil and gas leases. In the first, Eagle Oil & Gas Co.

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Permian Basin Oil and Gas Magazine

JUNE 2, 2025

The courts summary states, This dispute concerns whether the mineral lessee or the surface estate holder owns the produced water from oil and gas operations. These leases conveyed to Cactus the produced water from oil and gas operations on the land. Cactus informed COG of its leases. Phelan is CEO of U.S. Why do they sell?

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The Energy Law

APRIL 19, 2021

The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co. 18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). TRO-X”) and Eagle Oil & Gas Co. Eagle”) regarding their agreement to jointly acquire and sell oil and gas leases. In the first, Eagle Oil & Gas Co.

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The Energy Law

MARCH 10, 2021

TMR Exploration, Inc , 2021 WL 267916, the First Circuit affirmed a district court ruling on summary judgment applying the good faith purchaser defense provision set forth in La. A recent decision from the Louisiana First Circuit Court of Appeal may have lasting effects on good faith purchasers of oil.

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Oil and Gas Investments

OCTOBER 10, 2024

royalty on Goldboro that Nexgold can re-purchase at their option. The 2021 feasibility study for Signals Goldboro asset showed pro-forma 100,000 oz of annual production with an AISC of US$849/oz, when gold was US$1600/oz, on a grade of 2.26 Nebari also gets a small 0.6% Capex was estimated at CAD$335 million.

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The Energy Law

MARCH 10, 2021

TMR Exploration, Inc , 2021 WL 267916, the First Circuit affirmed a district court ruling on summary judgment applying the good faith purchaser defense provision set forth in La. A recent decision from the Louisiana First Circuit Court of Appeal may have lasting effects on good faith purchasers of oil.

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Oil and Gas Investments

MARCH 21, 2025

These were issued from 2021 to 2024. Once ersodetug is commercialized, they will pay royalties to XOMA and there are $185M of sales related milestone payments. The existing option is Diazoxide or surgery and I don’t see any evidence that another company has a drug in development that is targeting Tumor HI. of revenue by 2031.

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Valor

JULY 7, 2025

July 7, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more Gas prices dropped to near 4-level lows for Fourth of July Summary : U.S. gas prices are near a four-year summer low for the July 4th holiday, with the national average at $3.16 per barrel.

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Valor

JUNE 2, 2025

June 2, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The trip follows Trump’s order reversing Biden’s Arctic Refuge lease cancellations and aims to secure Asian investments for the gas project. Despite OPEC+s phased cuts since 2024 (totaling 2.2M

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Oil & Gas 360º

MARCH 5, 2025

The NRC issued a license in 2021 to Interim Storage Partners to build a nuclear waste storage facility in Andrews County in Texas, near the New Mexico border. “On a concrete platform in the Permian Basin where we get our oil and gas from – so hopefully we wont get radiated oil and gas.” ” Gorsuch asked.

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The Energy Law

FEBRUARY 24, 2022

The SCC Estimate assigned a dollar value on estimated global damages caused by every additional ton of greenhouse gas emitted into the atmosphere by using economic models that capture the impacts of climate change, including rising sea levels, changes to agricultural productivity, water shortages, property damages from increased flood risk, etc.

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The Energy Law

JUNE 17, 2021

Doughty of the Western District of Louisiana granted Plaintiff States’ request for an injunction to block the Biden Administration’s pause on new federal oil and gas lease sales (“Lease Pause”). 2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). Louisiana v.

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The Energy Law

JUNE 17, 2021

Doughty of the Western District of Louisiana granted Plaintiff States’ request for an injunction to block the Biden Administration’s pause on new federal oil and gas lease sales (“Lease Pause”). 2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). Louisiana v.

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The Energy Law

JUNE 17, 2021

Doughty of the Western District of Louisiana granted Plaintiff States’ request for an injunction to block the Biden Administration’s pause on new federal oil and gas lease sales (“Lease Pause”). 2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). Louisiana v.

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