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Managing your mineral interests can be time consuming and overwhelming. The key to make the most with your minerals is to manage your mineral assets like a business. There are many factors in minerals management such as knowing the extent of the family’s mineral...
A royalty clause in an oil and gas lease specifies the amount of royalty to be paid to the Lessor (the owner of the leased mineral rights) and sets forth terms and conditions of payment. A royalty is an agreed upon percentage of hydrocarbon production from the lease,...
Governor Rick Perry signed into law Emergency Bill 2061, on March 28, 2007. This bill required that certain language, for the protection of state citizenship privacy, appear in a deed, deed of trust, and other publicly filed documents. Specifically, the bill amends...
A crucial part of starting a business is deciding which type of business entity to create. Each business entity has unique characteristics that should be considered. The Texas Business Organizations Code allows groups of professionals to operate their practices as...
The Fifth Circuit, sitting in diversity and applying Texas law, upheld a trial court’s dismissal as a matter of law of a royalty-underpayment claim challenging post-production deductions. The lease at issue value royalty as “the amount realized by Lessee, computed at...