SCOTX: New Leases End Old Leases – Unless They Don’t
(May 31) – The Texas Supreme Court tried to simplify its earlier rulings on oil and gas titles with a remarkably simple principle: a new lease supplants an old lease unless the new lease says it doesn’t. The ruling is bad news for TRO-X L.P., who sought to collect from Anadarko on a “back-in” option in a lease long-since transferred. The Texas Lawbook has the details.

