The spirit of Charles Ponzi lives in the oil and gas business. Today we offer advice for attracting special attention from powerful federal authorities, inspired by SEC v. Helms et al. Here’s how you do it:
Helms and Kaelin, marketed a limited partnership to hold royalty interests in 2000 wells and raised $31,000,000 from
Charles Ponzi lives! Today we offer advice for attracting special attention from federal authorities. Here’s how you do it, inspired by SEC v. Helms, et al:
Make promises
If you are Helms and Kaelin, market a limited partnership to hold royalty interests in 2000 wells, raise $31,000,000 from 129 investors.
In a private placement
If it’s an injunction you want, some words are your friend and others aren’t. For example:
“Imminent” = friend
“Might” = not friend
“Likely” = friend
“Could” = not friend
“Irreparable” = friend
“Money damages” = not friend
In Lightning Oil Company v. Anadarko E&P Offshore, LLC, the surface and 1/6 of the minerals
You might recall previous entries (here is one) discussing the $2.9 million Dallas County verdict and judgment in Parr v. Aruba. Not all similar suits have the same result.
Michael and Myra Cerny sued Marathon Oil Corp. and Plains Exploration & Production Company, alleging, as in Parr, private
Why am I always reporting on plaintiffs who wait too long to file their lawsuit? See below for a few possible answers.
In the latest Texas case, Trahan v. Mettlen, the Trahans sued in 2010 on a 2006 warranty deed.
The
In Texas, more than your dog. Gilbert Wheeler, Inc. v. Enbridge Pipelines (East Texas), L.P. is good news for landowners. The Texas Supreme recognized the intrinsic-value-of-trees exception to the general rule for damages to real property, so that landowners are compensated for the loss of the ornamental (esthetic) and utilitarian (shade) value that trees
WHAT IS IT, FRACING OR FRACKING?
Having gone back-and-forth over how to spell the process, I’ve figured it out.
Why it is “Fracing”:
Are general partnership agreements for oil and gas exploration considered “securities” governed by federal securities regulations?
The U.S. Court of Appeals for the 10th Circuit thinks they could be. In SEC v. Jeffory D. Shields and Geodynamics, Inc. et al., the court reversed a trial court ruling which dismissed the
Co-author Alexandra A. Crawley
Conventional wisdom is that a spouse’s earnings from separate property are community property. But it’s not that simple. In Benavides v. Mathis a Texas court denied wife Leticia’s claim to one-half of the income derived from minerals held in a trust in which incapacitated husband Carlos was a beneficiary.
Years before
If the significance of a lawsuit can be gauged by the 23 lawyers and 10 firms identified in the opinion, Olympia Minerals, LLC, et al v. HS Resources, Inc., et al., is as noteworthy as Bush v. Gore, Brown v. Board of Education, and even Kramer v. Kramer