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Todays transaction marks our sixth acquisition over the last three years and the third acquisition of royaltyinterests on these assets, which have continuously outperformed our expectations and fully consolidates these positions into WhiteHawk, stated Daniel C. Herz, Chief Executive Officer of WhiteHawk.
centered on whether a 1933 deed reserved a floating 1/4 royaltyinterest or a fixed 1/32 interest. Specifically, the deed’s language reserved “an undivided one-fourth (1/4th) of the usual one-eighth (1/8th) royalty.” Fasken Oil & Ranch, Ltd. , 11-22-00365-CV, 11-23-00001-CV, 2024 Tex.
James Boldrick is an assignee of an overriding royaltyinterest in property subleased to BTA. BTA, the assignor and creator of Boldrick’s interest, elected non-consent status regarding the well at issue, proposed and drilled by Chevron. The District Court granted summary judgment in favor of BTA and Boldrick appealed.
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 royaltyinterests it had conveyed back into the bankrupt estate as debt instruments. See United States v. ATP Oil & Gas Corp. , 955 F.Supp.2d 2d 616 (E.D.
The mortgagee controlled the mineral lessees’ ability to alienate their interest in the Lease by requiring the mineral lessees to obtain the mortgagee’s written consent to release the Lease. [15] As a condition of Wells Fargo releasing the mortgage, Tauren assigned a 10% interest in its shallow rights interest in the lease to Wells Fargo.
In addition, the correction deed used materially similar language to describe the reservation, and then closed by summing up the parties’ intent "that [the royalty holders] shall receive a total royaltyinterest of 1/8 of all the oil, gas, or other minerals (except sulphur) produced from said land."
For Securities questions, please contact John Anjier , and for Corporate Governance, please contact Nina Skinner. Should you have any questions regarding Capital Structuring and Tax please contact John Bradford.
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