The Energy Law

FEBRUARY 22, 2024

Jan 12, 2024) concerns how three related provisions in an oil and gas lease interact: (1) a royalty clause; (2) a free-use clause; and (3) an off-lease clause. When parties to an oil and gas lease reserve royalties, they stipulate where those royalties are to be valued—sometimes referred to as the “valuation point”—in the royalty clause.

Royalty 52

Royalty Gas Oil E&A 52

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.

Royalty 40

Royalty Gas Oil Downstream 40

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. ." Ellison , 627 S.W.3d

Royalty 59

Royalty Instrumentation Royalty Interest Casing 59

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.

Royalty 52

Royalty Gas Oil Downstream 52

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?

Royalty 52

Royalty Casing E&A Oil 52

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.

Offshore 105

Offshore Operator Transportation E&A 105

Producer's Edge

JANUARY 27, 2025

This lease royalty case involved a dispute over whether the lessee was permitted to deduct volumes of gas used off the premises to power post-production activities on other gas produced from the same well. The lease provided for a royalty calculated based on the “market value at the well.” Randle, 620 S.W.3d

Royalty 52

Royalty Pipeline Gas Casing 52

The Energy Law

APRIL 19, 2021

18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). Several years later, Eagle purchased several leases and sold them to Chesapeake Exploration, LLC (“Chesapeake”), reserving an overriding royalty interest and a back-in working interest (the “Interests”). TRO-X, L.P. , TRO-X”) and Eagle Oil & Gas Co.

Royalty 52

Royalty Exploration and Production IT Casing 52

The Energy Law

APRIL 19, 2021

18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). Several years later, Eagle purchased several leases and sold them to Chesapeake Exploration, LLC (“Chesapeake”), reserving an overriding royalty interest and a back-in working interest (the “Interests”). TRO-X, L.P. , TRO-X”) and Eagle Oil & Gas Co.

Exploration and Production 40

Exploration and Production Royalty IT Casing 40

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.

Oil 52

Oil E&A Royalty Operator 52

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.

Exploration and Production 52

Exploration and Production Finance Royalty Management 52

Permian Basin Oil and Gas Magazine

JUNE 2, 2025

After the absolute disaster of COVID quarantines in 2020, oil activity and, therefore, mineral rights prices, didnt begin to recover until mid to late 2021, said Garrett Phelan. The release of pent-up demand for buyers whod been standing on the sidelines in 2021 created a huge market for minerals. Phelan is CEO of U.S.

Basin 59

Basin E&A E&P Oil 59

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.

Oil 40

Oil E&A Exploration and Production Royalty 40

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.

IT 52

IT Completion Royalty Finance 52

Valor

JUNE 2, 2025

Alaska leaders seek 90% of federal oil royalties as state revenues suffer from low oil prices, while supporting ConocoPhillips’ Willow oil project. rig count fell for the fifth straight week, dropping 3 to 563 (lowest since Nov 2021), with oil rigs down 4 to 461 while gas rigs rose 1 to 99. Read more U.S. Read more U.S.

BCF 52

BCF Energy Energy Basin 52

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. The NRC case is being argued at a time when President Donald Trumps administration has taken aim at various federal agencies in his campaign to downsize and overhaul the U.S.

Casing 130

Casing Government Basin Royalty 130

The Energy Law

FEBRUARY 24, 2022

On April 22, 2021, the plaintiffs—Texas, Louisiana, and eight other energy producing states (the “Plaintiff States”)—filed suit to challenge Executive Order 13990, seeking declaratory and injunctive relief.

Energy 96

Energy Energy Exploration and Production Royalty 96

The Energy Law

JUNE 17, 2021

2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). The Lease Pause had been issued pursuant to Executive Order 14008, which was signed by President Biden on January 27, 2021 (“Executive Order”). Louisiana v. at 38-40. (2) 2) Substantial Threat of Irreparable Harm.

Gas 59

Gas Oil Offshore Exploration and Production 59

The Energy Law

JUNE 17, 2021

2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). The Lease Pause had been issued pursuant to Executive Order 14008, which was signed by President Biden on January 27, 2021 (“Executive Order”). Louisiana v. at 38-40. (2) 2) Substantial Threat of Irreparable Harm.

Gas 52

Gas Oil Offshore E&A 52

The Energy Law

JUNE 17, 2021

2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). The Lease Pause had been issued pursuant to Executive Order 14008, which was signed by President Biden on January 27, 2021 (“Executive Order”). Louisiana v. at 38-40. (2) 2) Substantial Threat of Irreparable Harm.

Gas 52

Gas Oil Offshore Exploration and Production 52