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It has been 166 years since Edwin Drake drilled the first true oil well near Titusville, Pennsylvania. Since then, oil and gas production has benefited the modern world and continues to power out lives. However, nearly two centuries of production does not come without some environmental impact.…
“A verbal contract isn’t worth the paper it’s written on.” —Samuel Goldwyn
In Roxo Energy Co., LLC v. Baxsto, LLC,12025 Tex. LEXIS 378 (2025). the Supreme Court of Texas was once again given the opportunity to address whether oral negotiations should influence a subsequent written agreement.…
Do North Dakota operators have to pay suspense penalties on all types of late-paid interests? Not according to a recent line of decisions from the North Dakota Federal District Court. These cases interpret the North Dakota Suspense Statute as relieving operators of the obligation to pay statutory interest on suspended overriding royalty interests—and possible working interests too.…