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Author: William "Alex" Love

The AI boom brings opportunities to the oil and gas industry

 

The history of artificial intelligence

While it feels like a relatively new development, the concept of artificial intelligence (“AI”) dates back decades. In 1950, computer scientist, Alan Turing, who is considered the “father of AI,” published his seminal work, “Computing Machinery and Intelligence.”…

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oil rig, industry,

Reservation or Limitation on Warranty? Navigating the Fine Line — Lessons from Valence Operating Co. v. Davidson

 
In Valence Operating Co. v. Davidson1Valence Operating Co. v. Davidson, No. 06-23-00090-CV (Tex. App. Dec. 20, 2024)., the Court of Appeals for the Sixth Appellate District of Texas at Texarkana addressed whether the provision, “all Oil, Gas and other Minerals have been excepted and reserved by former owners,” contained in a 1964 deed, functioned as a reservation, thereby creating a new mineral right in favor of the grantor, or as a limitation on the warranty, thereby simply exempting the grantor from the liability on its warranty of title.…

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