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The Fifth Circuit Allows Debtor Mineral Lessee to Avoid Breached Settlement Agreement with Mineral Lessor

Posted in Bankruptcy, Mineral Leases

The Fifth Circuit’s recent ruling in Fallon Family, L.P. v. Goodrich Petroleum Corp. reinforces that parties to mineral leases should be very careful when drafting documents to be recorded in public records.  The case stems from a 1954 mineral lease between the Fallon Family L.P.’s predecessor in interest, as lessor, and Goodrich Petroleum, as lessee. … Continue Reading

Fifth Circuit Upholds “Subsequent Purchaser Rule” For Mineral Leases

Posted in Mineral Leases, News

On April 18, 2017, the United States Court of Appeals for the Fifth Circuit held in Guilbeau v. Hess Corp. (Docket No. 16-30971) that Louisiana’s subsequent purchaser rule applies to rights arising under mineral leases.  The ruling surely comes to the relief of the oil and gas industry concerned over uncertain liability to third parties… Continue Reading