Honing the Habendum: What Happens When Lease Provisions Deviate from Standard?
May 2023 – In Thistle Creek Ranch, LLC v. Ironroc Partners, LLC,[1] Thistle Creek, LLC (the “Lessor”) argued that the trial court erred in granting summary judgment in favor of Ironroc Partners, LLC (the “Operator”). In making this appeal, the Lessor specifically claimed the Operator failed to prove the subject lease was held by production “in paying quantities” during its secondary term.
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