Search for: "Mineral and Royalty Owners"
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17 Mar 2023, 10:06 pm
Albrecht House Bill 33 (1st Substitute) amends Utah Code section 73-1-8, which addresses the duties of canal owners or operators and their liability. [read post]
10 Mar 2023, 10:17 am
The Court affirmed the court of appeals’ ruling in favor of the royalty owners. [read post]
7 Mar 2023, 9:23 am
In Van Dyke, the Court reasoned that because mineral owners so commonly assumed that a one-eighth royalty would be reserved in all future leases, that one-eighth was used, at least in some instances, as a term of art for future royalties generally. [read post]
28 Feb 2023, 11:09 am
In 2015, the trial court recognized the plaintiffs as the rightful owners of the riverbanks and ordered the LDNR to pay back almost $4.7 million in mineral royalties attributable to ownership of these banks. [read post]
21 Feb 2023, 1:26 pm
Given the potential for litigation around the double-fraction, that might be the only way protect the examiner, her clients, the owners of the royalty and working interests at stake, and the general public. [read post]
18 Jan 2023, 4:45 am
In Texas, pooling effects a cross-conveyance among the owners of minerals under the tracts of royalty or minerals in a pool so that they all own undivided interests under the unitized tract in the proportion their contribution bears to the unitized tract. [read post]
10 Jan 2023, 1:36 pm
Indigo Minerals LLC was whether a disgruntled Louisiana royalty owner sent its demand for unpaid royalties to the right party. [read post]
6 Jan 2023, 1:48 pm
The court addressed several issues, one of which was the construction of a 1939 deed that reserved a royalty interest described as “one-fourth of the 1/8 royalty usually reserved by and to be paid to the land owner in event of execution of oil and gas leases, so that 1/4 of the 1/8 royalty to be paid to us, our heirs or assigns, if, as and when produced from the above described land …. [read post]
3 Oct 2022, 2:20 pm
After reviewing other authority, the Corpus Christi court concluded that, contrary to Mapco, “the well-recognized, decisional law states that the mineral estate owner owns the minerals but not the subsurface. [read post]
23 May 2022, 9:16 am
Hughes and Edwards were hired to try to locate the delinquent royalty owners so they could be served with the tax suit. [read post]
28 Mar 2022, 12:42 pm
Approval of a storage facility by the Commissioner requires notice and public hearing and shall be based on findings that: (a) the reservoir is suitable and feasible for the project; (b) the reservoir is depleted of hydrocarbons or that a certain percentage of mineral owners have consented to the use of the reservoir if it is not depleted; (c) use of the reservoir will not contaminate other fresh water formations or other oil, gas, or mineral formations; and (d) use of the… [read post]
9 Mar 2022, 4:08 pm
HawkesHouse Bill 157 modifies the Sovereign Lands Management Account and creates the Great Salt Lake Account, which is a restricted account consisting of revenue deposits from mining royalties the State receives from Great Salt Lake mineral mining. [read post]
25 Feb 2022, 4:12 am
An excerpt: Plaintiffs William Fletcher, Tara Damron, Richard Longsinger, and Kathryn Redcorn, individual holders of Osage headrights, filed suit against the United States in the Court of Federal Claims (Claims Court) seeking damages resulting from breach of fiduciary duties relating to royalties from the Osage mineral estate. [read post]
25 Oct 2021, 12:42 pm
Doing so can result in serious negative tax consequences for the plan’s owner. [read post]
2 Sep 2021, 5:35 am
Percentage Depletion for Hard Mineral Fossil Fuels $1.311 billion The tax code has a similar provision for recovering the cost of acquiring coal reserves. [read post]
13 Aug 2021, 12:53 pm
Recently, a state appellate court issued an opinion in a Texas oil and gas case discussing whether an owner of a mineral interest can withhold her agreement to pool her interests after accepting royalty payments calculated on a pooled basis. [read post]
29 Jul 2021, 4:37 am
Granite/Apache then sued owners of ORRIs in the 2007 lease (Peyton Group and PAC Group) seeking indemnity under a sales agreement. [read post]
9 Jul 2021, 9:17 am
The post Successful Settlement and Payment of Royalties for Texas Mineral Owners appeared first on Texas Oil and Gas Attorney Blog. [read post]
1 Jul 2021, 4:56 am
When the Meriwether lease terminated, the mineral estate reverted to the Trust. [read post]
16 Jun 2021, 4:43 am
” The residuary estate included mineral and royalty interests in Section 38 in Howard County. [read post]
