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Viper-Sitio Merger: A Wake-Up Call to Consolidate 

Enverus

billion merger between Viper Energy and Sitio Royalties isn’t just another deal—it’s a signal flare for the entire minerals market. As noted in the recent article on the New Frontier in Minerals and Royalties, “there are just not enough deals to chase compared to the money targeting them.” The headline-grabbing $4.1

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Louisiana State Mineral Board to Consider Retaining Third Party Counsel to Pursue Underpayment of Royalty Claims Associated with Natural Gas Production on State Lands and Waterbottoms

The Energy Law

Accordingly, auditing of royalty payments was left to the Mineral Board’s internal accountants, and when an issue arose as to whether royalty payments were made correctly, the Mineral Board’s land personnel and internal counsel would oversee sending demands and pursuing litigation against the State’s mineral lessees and well operators.

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

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Louisiana Supreme Court holds that payment of mineral royalties judgment against LDNR is a matter of legislative discretion, reversing grant of mandamus

The Energy Law

million judgment for reimbursement of mineral royalties. million in mineral royalties attributable to ownership of these banks. The Court then pointed to Louisiana Constitution article XII §10(C) and La. State of Louisiana through the Department of Natural Resources , 22-0625 (La. 1/1/23), So. 13:5109(B)(2).

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WhiteHawk Prevails, Gets PHX Minerals Down the Aisle for $187M

Marcellus Drilling News

PHX has repeatedly given WhiteHawk the cold shoulder (see our WhiteHawk/PHX articles here). WhiteHawk has been trying to get PHX down the marriage aisle in any way it can for nearly two years. After begging, pleading, threatening, and appealing to shareholders, WhiteHawk has finally done it. WhiteHawk, one.

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Court Addresses Sufficiency of Demand Letter Under Mineral Code Articles 212.21-23

The Energy Law

12/19/07), the court addressed the payment of royalties and penalties under Mineral Code article 212.23(c) c) and concluded that plaintiff’s letters were insufficient to trigger the provisions of that article. Next, the court noted the dearth of reported cases involving Mineral Code articles 212.21-23 at *8 (citing La.

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Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

The Energy Law

While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners.

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