SCOTX last week ruled in yet another dispute pitting the plain language of oil and gas leases against the variable technology of the industry. In a 5-4 decision, the court ruled that the Fourth Court of Appeals erred when it imputed a more stringent requirement for the placement an offset well in the Eagle Ford Shale than either the actual lease or the realities of horizontal drilling allowed. The Texas Lawbook has the details.
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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.