Drill Deeper

Drill Deeper

News and Updates on Oil & Gas Legal Issues

Tag Archives: mineral lease

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

Say What You Mean, and Mean What You Say – A Review of Recent Decisions Interpreting Mineral Reservations Under Louisiana Mineral Code Article 74

Posted in Mineral Code, News
The Louisiana Second Circuit Court of Appeal has recently issued two important decisions addressing whether certain mineral reservation language created a fixed term or instead simply restated the customary ten-year prescriptive period for these mineral rights.  Both cases emphasize why special, carefully drafted language is needed to create a mineral reservation with a fixed, non-extendable… Continue Reading