The Energy Law

MARCH 15, 2023

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.

Royalty 98

Royalty Gas Oil Downstream 98

Aresco

JULY 17, 2024

Investing in oil and gas royalties involves purchasing the rights to receive a portion of the revenue generated from the production and sale of oil and gas from a particular property or lease. Passive Income : Oil and gas royalties can provide investors with a source of passive income.

Royalty 52

Royalty Gas Oil Exploration and Production 52

The Energy Law

MARCH 7, 2023

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.

Royalty 98

Royalty Royalty Interest Instrumentation Gas 98

Vorys Energy

OCTOBER 31, 2022

Ohio’s Seventh District Court of Appeals recently held that an “anti-washout” provision found in multiple assignments of overriding royalty interests covering leases that subsequently expired was not binding on the original lessee’s assignees, which had taken new leases to those same lands, as there was no privity of contract.

Royalty Interest 40

Royalty Interest Royalty Casing Oil 40

Texas Oil & Gas Attorney

JUNE 30, 2024

Whether a royalty granted or reserved in a deed is a “fixed” or “floating” royalty has resulted in a lot of litigation in Texas. The Plaintiff sold land to a third party and reserved a 1/8 royalty nonparticipating royalty interest (fixed royalty language). ConocoPhillips Co.,

Royalty 52

Royalty Royalty Interest Casing Oil 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. Elk Range Royalties buys mineral and royalty interests across multiple U.S. Elk has deployed more than $1.2

Royalty 52

Royalty Royalty Interest Spud-in Basin 52

Enverus

JUNE 3, 2025

In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 billion inclusive of net debt. billion in 2022.

Royalty 130

Royalty Basin Royalty Interest Upstream 130

Producer's Edge

APRIL 30, 2025

Court Interprets “Free of Cost Forever” Royalty Language Broadly In this case ( Fasken Oil & Ranch, Ltd. Background: 1960 Deed and Royalty Dispute The dispute arose from a 1960 deed where B.A. Hyder , which also addressed a royalty provision with “cost-free” language. 30, 2024, no pet.

Royalty 52

Royalty Exploration and Production Royalty Interest Casing 52

Rigzone: News

JANUARY 9, 2025

Kimbell signed a deal to acquire Boren Minerals' oil and natural gas mineral and royalty interests in the Permian Basin for about $231 million.

Royalty Interest 52

Royalty Interest Royalty Natural Gas Basin 52

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.

Royalty Interest 52

Royalty Interest Royalty Casing Instrumentation 52

Valor

JUNE 11, 2025

Whether you own a single royalty interest or manage a large mineral portfolio, title curative work is essential to ensuring your ownership is properly documented and revenue flows without delay. Without it, operators may not pay royalties, you may not receive tax notices, and your asset’s value could be diminished.

Royalty Interest 52

Royalty Interest Royalty Management Casing 52

The Energy Law

APRIL 4, 2023

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.

Royalty 98

Royalty Operator Royalty Interest E&A 98

Producer's Edge

APRIL 30, 2025

The Eastland Court of Appeals addressed, for the first time, the interpretation of a double-fraction royalty reservation in light of Van Dyke. Fasken Oil & Ranch, Ltd. , centered on whether a 1933 deed reserved a floating 1/4 royalty interest or a fixed 1/32 interest. The case ( Boren Descendants v.

Royalty Interest 52

Royalty Interest Royalty Division Order IT 52

Oil & Gas 360º

MARCH 20, 2025

(Oil & Gas 360) – CanCambria Energy Corp. CanCambria controls a 100% working interest and 98% net royalty interest on over 32,500 acres of land at Kiskunhalas in the Pannonian basin, a proven, under-exploited hydrocarbon basin in southern Hungary that has produced over 12 billion BOE to date.

Exploration and Appraisal 130

Exploration and Appraisal Energy Energy E&A 130

The Energy Law

MAY 24, 2007

BTA Oil Producers , No. James Boldrick is an assignee of an overriding royalty interest 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. By Marie Carlisle: Boldrick v. Eastland March 22, 2007).

Royalty Interest 40

Royalty Interest Royalty Division Order IT 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. ."

Royalty 59

Royalty Instrumentation Royalty Interest Casing 59

Producer's Edge

JUNE 4, 2025

the El Paso Court of Appeals reversed a trial court's summary judgment and held that post-closing "corrections" to overriding royalty assignments were invalid and unenforceable against a subsequent purchaser. The sales contracts addressed this extra up-to-5% interest through Section 8.1(iii), —El Paso Jan.

Royalty Interest 52

Royalty Interest Royalty Casing IT 52

Oil Gas Leads

APRIL 1, 2025

Chevron will retain a 30% non-operated working interest along with an overriding royalty interest, maintaining upside exposure while reducing capital commitment. Chevron expects to generate over $1.2

Royalty Interest 52

Royalty Interest Royalty Gas Natural Gas 52

Producer's Edge

NOVEMBER 1, 2024

This case presents two critical questions: Who owns subsurface caverns created by salt mining operations, and How should in-kind royalties be calculated for salt production? As I recently summarized in my annual oil and gas law review (Austin W. Brister & Logan Jones, Oil, Gas & Mineral Law, 9 SMU ANN. West , 508 S.W.2d

Royalty 52

Royalty Royalty Interest Casing Oil 52

Oil & Gas 360º

MAY 12, 2025

(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. The company holds 100% working interest and 98% net royalty interest across the greater BA-IX mining license at the Kiskunhalas project.

Gas 130

Gas Exploration and Appraisal Energy Energy 130

The Energy Law

MAY 25, 2007

By Anna Knull: In Hamilton v. Morris Resources, Ltd., Morris Resources, Ltd., Hamilton v. Morris Res., 04-05-00904-CV, 2007 WL 460648 (Tex. San Antonio Feb. 14, 2007).

Royalty Interest 40

Royalty Interest Royalty Gas Oil 40

The Energy Law

MAY 10, 2010

—Tyler 5/5/2010), the Tyler Court of Appeals upheld a trial court’s findings of fact and conclusions of law with respect to the termination of an oil and gas lease for failure to pay shut-in royalty payments to the proper party. Van Hovenberg (“Van Hovenberg”) conveyed by royalty deed to O.B. In 1976, Karin H.

Royalty 40

Royalty Royalty Interest Casing IT 40

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

JUNE 12, 2017

the Louisiana Second Circuit upheld a trial court’s ruling that the holder of a security interest in mineral leases was solidarily liable for damages under the Louisiana Mineral Code stemming from its mineral lessees/mortgagors’ actions. [1] in unpaid royalties and an additional double damages penalty of $484,058.52 4] $242,029.26

Royalty 40

Royalty Exploration and Production Royalty Interest Casing 40

The Energy Law

JANUARY 18, 2011

Dunn-McCampbell Royalty Interest Inc. The Texas law made an exception for the use of the surface of the land for the reasonable development of oil, gas, and other minerals – including the right of ingress and egress. Nat’l Park Serv. , 09-40187 (5th Cir.

Royalty Interest 40

Royalty Interest Casing Royalty Gas 40

The Energy Law

APRIL 19, 2021

The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co. TRO-X”) and Eagle Oil & Gas Co. Eagle”) regarding their agreement to jointly acquire and sell oil and gas leases. In the first, Eagle Oil & Gas Co. TRO-X, L.P. , 18-0983, 2021 WL 1045723, at *1 (Tex.

Royalty 52

Royalty Exploration and Production IT Casing 52

The Energy Law

APRIL 19, 2021

The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co. TRO-X”) and Eagle Oil & Gas Co. Eagle”) regarding their agreement to jointly acquire and sell oil and gas leases. In the first, Eagle Oil & Gas Co. TRO-X, L.P. , 18-0983, 2021 WL 1045723, at *1 (Tex.

Exploration and Production 40

Exploration and Production Royalty IT Casing 40

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. 362(b)(4).

Offshore 40

Offshore Exploration and Production Government Oil 40

The Energy Law

APRIL 7, 2020

Financial Consequences The financial consequences of issuing straight and convertible debt, convertible and non-convertible equity, and equity kickers is complicated and may require the assistance of bankers, accountants and lawyers to determine which technique is the most appropriate for the circumstances.

Instrumentation 40

Instrumentation Management E&A Finance 40