Head-scratchers: (1) Is a mineral reservation a fraction of royalty, or a fractional royalty? (2) Is there a difference? (3) Does it matter?
Answers: (1) It depends on how you phrase it. (2) Yes. (3) Yes, if you care about being paid on production, or you are the scrivener of deeds and assignments and want
The ghosts of Clinton Manges and people like him continue to haunt executive right owners in Texas. In the 1980’s, Mr. Manges’ abuse of his non-participating royalty owner inspired the Texas Supreme Court to re-affirm the obligations of an executive right owner to the NPRI owner: “utmost fair dealing” and a fiduciary duty.
In Friddle
According to a Sunday blog post by Conn Carroll in the Washington Examiner, the EPA is hurrying efforts to implement regulations that would ban coal-fired power plants before the end of the year, in fear that a loss by President Obama in Tuesday’s election would put an end to what would otherwise be on
For the sake of conversation let’s say I burgle your trade secrets after failing to close a big deal that would have saved your company. I would be in big trouble, according to a bankruptcy court in In re TXCO Resources., Inc., a case study in treachery and self-dealing in the executive suite worthy
“If you want a successful gathering of long-lost kinfolks, just manage to find oil on the old homestead. They will come out from under logs, down trees, from out of the blue and down every road and byway, but they’ll get there — even some nobody ever suspected were kinfolks.”
Judge R. T.Brown, who presided
If a bird flies into your open-top oil storage tank – or your unprotected reserve pit – and dies, could you be guilty of the crime of violating the Migratory Bird Treaty Act? The short answer is “ Maybe”.
In United States v. CITGO Petroleum Corp., ten dead birds were discovered in storage tanks
“How long will you torment me and crush me with words?” Job 19:3.
Much like the long-suffering Job, the defendants in Heasley v. KSM Energy, Inc. et al, did not like the words they were hearing. In this case, the words were their own, in the sense that the words were in the oil
Ron Curry is the EPA’s new administrator for Region 6, which is responsible for enforcement of federal environmental laws in Texas, Louisiana, New Mexico, Oklahoma and Arkansas. Mr. Curry replaces Al “Crucify ’em” Armendariz, who was sacked earlier this year after comments, caught on video, in which he likened his tactics to the Romans of
Occasionally, we venture beyond the comfortable red-state confines of Texas to visit swing states and discuss mineral activity other than oil and gas drilling; and we go back in time. This is one of those journeys, as we go to Ohio, where the court relied on a decision from the time when Chester A. Arthur
By Travis Booher – Aggie
For the sake of the game plan, let’s run with Charlie’s lame football analogies, and look at a few more objectives to keep in mind when preparing a runsheet. This time, attention will be on the good guys (the boys in maroon), rather than the gang in purple and gold.