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Recoupment of Overpaid Oil and Gas Royalties

Texas Oil & Gas Attorney

The Fifth Circuit Court of Appeals decided an interesting case involving recoupment of overpaid oil and gas royalties. in royalties since 2016. in royalties since 2016. Equitable recoupment is a commonly accepted remedy in the oil and gas industry. In DDR Weinert, Ltd. Ovintiv USA, Inc. , Naturally, DDR filed suit.

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Wasted Gas, Wasted Royalties – How Common-Sense Climate Policy Can Put Money Back in People’s Pockets

Energy Central

By EDF Blogs By Aaron Wolfe, Ari Pottens , and  Scott Seymour EDF economic analysis found that in 2022 oil and gas operators across Alberta wasted $671 million in natural gas, costing the provincial government over $120 million in lost royalties and uncollected corporate taxes.

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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 lessees owned working interests in certain oil and gas leases that were executed in 2007.

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What the “Big, Beautiful Bill” Means for Oil, Gas, and EVs

Valor

Now under Senate review, the 1,100+ page bill includes a range of provisions that affect multiple energy sectors, including oil and gas, electric vehicles (EVs), and renewable energy. Contact Are you ready to transform your oil and gas assets? Here’s a factual summary of how the bill intersects with U.S.

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Texas Supreme Court Holds that References to “One-Eighth” in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

The Energy Law

In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. Dils Co. , 2d 904 (Tex.

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Natural Gas A Driving Force for PA

Marcellus Shale Coalition

Pennsylvanias economy moves on natural gas and lawmakers must consider the fundamental role of this home-grown energy resource in policies going forward. Heres what he has shared: A Catalyst for Economic Growth Over the past decade, the natural gas industry has been a transformative force in Pennsylvania. The program has provided $2.7