Producer's Edge

APRIL 30, 2025

centered on whether a 1933 deed reserved a floating 1/4 royalty interest 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.

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Producer's Edge

DECEMBER 3, 2024

Additionally, the court considered that the deed used the word “Grantors” in other parts of the document but switched to “landowner’s usual 1/8 royalty” in the granting clause. But generally, the royalty interests at issue affected over 300 individuals. By way of background, in 1955 J.D.

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Permian Basin Oil and Gas Magazine

MARCH 28, 2025

Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Elk Range buys mineral and royalty interests across multiple U.S. Concord Oil and Mission Oil.

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The Energy Law

MAY 24, 2007

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. The District Court granted summary judgment in favor of BTA and Boldrick appealed.

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Producer's Edge

APRIL 30, 2025

explored whether an assignment of an overriding royalty interest, which expressly pertained to "all depths located within the geographical boundaries of the [North Pembrook Unit] as identified in the Unit Agreement," was implicitly limited to just the specific producing formation described in the referenced Unit Agreement.

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Oil & Gas 360º

MARCH 20, 2025

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.

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The Energy Law

MARCH 7, 2023

In the 1920s—the time the deed at issue was executed—lessors commonly reserved a one-eighth royalty interest when they executed oil and gas leases. Another possible example, though not noted by the Court, can be seen in a case currently pending before the Eastland Court of Appeals: PetroLegacy Energy II, LLC v. 11-21-00103-CV (Tex.

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Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Elk Range Royalties buys mineral and royalty interests across multiple U.S. basins with a portfolio of more than 300,000 net royalty acres and interests in more than 23,500 producing wells. Elk has deployed more than $1.2

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Oil & Gas 360º

MAY 12, 2025

The company holds 100% working interest and 98% net royalty interest across the greater BA-IX mining license at the Kiskunhalas project. The report includes an area of 4,000 net acres with the Development Pending sub-class for Contingent Resources.

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The Energy Law

MAY 25, 2007

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

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Producer's Edge

APRIL 30, 2025

Background: 1960 Deed and Royalty Dispute The dispute arose from a 1960 deed where B.A. and Emilia Gutierrez Puig sold their ranch to Palafox Exploration Company while reserving a 1/16th non-participating royalty interest (NPRI) to be paid “free of cost forever.” 04-23-00106-CV, 2024 WL 4608591 [Tex.

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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

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Texas Oil & Gas Attorney

JUNE 30, 2024

The Plaintiff sold land to a third party and reserved a 1/8 royalty nonparticipating royalty interest (fixed royalty language). ConocoPhillips Co., 3d , 2022 WL 17351596 (Tex.Civ.App.Corpus Christi 2022, pet. Years later, the third party leased to the Defendant, ConocoPhillips.

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The Energy Law

APRIL 4, 2023

The current proposed bill, however, would require operators to remit all royalty payments directly to the lessors on behalf of nonparticipating working interest owners prior to well payout, i.e., during the recoupment of costs, and the statutorily authorized risk charge.

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The Energy Law

JANUARY 25, 2008

In exchange, the defendant agreed to transfer an overriding royalty interest in the subject prospect to the plaintiff in the event defendant acquired an interest in the prospect. In CLK Company , the parties entered into a confidentiality agreement whereby the plaintiff agreed to provide services to the defendant.

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Producer's Edge

NOVEMBER 1, 2024

The deed severed the mineral estate from the surface estate, with Myers-Woodward LLC (“Myers”) now owning the surface estate and a 1/8th non-participating royalty interest in minerals. ” The Fifth Circuit, applying Texas law in  Dunn-McCampbell Royalty Interest, Inc. 3d 39 , 47 (Tex.

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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. In short, the court held that mere ratification of a lease does not alter a fixed NPRI.

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The Energy Law

JANUARY 18, 2011

Dunn-McCampbell Royalty Interest Inc. Nat’l Park Serv. , 09-40187 (5th Cir. The case involved land in the Padre Island National Park, created in 1963. The conflict arose between the National Park Service (“Service”), owner of surface estates, and Plaintiffs who were owners of mineral estates.

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The Energy Law

MAY 10, 2010

Ultimately the original lessee lost its lease because it made shut in payments to its lessee, rather than the current royalty owner, to whom those payments were owed. Van Hovenberg (“Van Hovenberg”) conveyed by royalty deed to O.B. Mobley (“Mobley”) “her entire 8/8 Royalty Interest” in a 105.8 In 1976, Karin H.

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Aresco

JULY 17, 2024

Here’s how it generally works and some considerations to keep in mind: How Oil and Gas Royalties Work (Oil and Gas Royalties as Investments): Ownership Rights : When you own oil and gas royalties, you own a percentage interest in the revenue generated from the production of oil and gas on a specific property.

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The Energy Law

MARCH 15, 2023

Costs incurred by subsequent purchasers, however, would not be included because they were not included in the lessees’ contract at the point of sale.

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The Energy Law

JUNE 12, 2017

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. Additionally, on November 9, 2009, Cubic assigned to Tauren an overriding royalty interest in the deep rights of its 49% interest in the lease. 10] See id. at 22-33. [11]

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The Energy Law

APRIL 19, 2021

Factual and Procedural Background TRO-X and Eagle entered into an agreement to buy and sell certain leases, sharing the cash and mineral interest proceeds derived from such sales (the “Agreement”).

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The Energy Law

APRIL 19, 2021

TRO-X and Eagle entered into an agreement to buy and sell certain leases, sharing the cash and mineral interest proceeds derived from such sales (the “Agreement”).

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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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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.

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