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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Royalty Instrumentation Royalty Interest Casing 59

Producer's Edge

DECEMBER 3, 2024

Travis Lattner, Jr., “a non-participating royalty of one-fourth (1/4th) of the landowner’s usual one-eighth (1/8th) royalty on oil and gas produced and saved from said land[.]” By way of background, in 1955 J.D. and Elva Arthur conveyed to W. By way of background, in 1955 J.D. and Elva Arthur conveyed to W.

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Royalty Interest Royalty Casing Instrumentation 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?

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Royalty Casing E&A Oil 52

Oil & Gas 360º

MAY 15, 2025

Management approved the capital expenditure and production guidance and long-range plan contained herein as of the date of this press release.

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BBL Natural Gas Oil Operator 130

The Energy Law

NOVEMBER 7, 2014

Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments.

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Offshore Exploration and Production Government Oil 40

Permian Basin Oil and Gas Magazine

JUNE 2, 2025

Effects on Mineral Owners This conundrum is affecting some lease documents, Lee said. Selling mineral rights involves getting money up front instead of receiving a monthly royalty check paid across many years. Most own at least a few acres to several hundred in an oil producing region like the Permian Basin. Why do they sell?

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Basin E&A E&P Oil 59

The Energy Law

MARCH 30, 2017

By definition, a clerical error is an error in writing or copying a document. A reservation of mineral rights is a substantive change, because the addition of a reservation of mineral rights would change the effect of the document in regard to the real rights held by the parties to the act. However, art.

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Spud-in Operator IT E&A 40

The Energy Law

APRIL 7, 2020

The existing equity for corporations is represented by shares of stock, and the issuance of additional shares of stock typically is addressed in the certificate of formation, by-laws, articles of incorporation or other organizational documents. Finally, there are SMBs organized as limited partnerships under state law.

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