Co-author Rusty Tucker
Yesterday we discussed aspects of PPC Acquisition Co., LLC, et al. v. Delaware Basin Res., LLC, et al. Today we consider whether the retained-acreage clauses created a special limitation or a covenant and the relationship between the clauses and Field Rules in place at several different times. Did Field Rules establishing 640-acre units expand acreage each lessee could retain? (The clauses are highlighted in the opinion and facts are in yesterday’s post.)
What’s the difference?
Continue Reading Texas Court Parses Three Retained-Acreage Clauses – Part 2