Originally published by John McFarland.
Two cases were argued in the Texas Supreme Court last week that bear watching, and a third interesting case is pending in the court on petition for review.
No. 17-0266, Burlington v. Texas Crude
Texas Crude and Burlington entered into a joint development agreement covering leases Texas Crude had acquired on lands in Live Oak County. As part of the deal, Texas Crude was entitled to an overriding royalty on all leases taken within the area of interest. Multiple assignments of overriding royalty were made, all containing this language:
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