The collapse in oil prices since June 2014, and the significant drop in those for natural gas, have put tremendous pressures on relationships in the industry. The stresses — between operators and non-operators, lessees and royalty owners, principals and contractors, investors and investees, among others — make legal disputes both more likely and harder to
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JOA Allowed Late Notice of Right to Participate in Oil and Gas Well, Fifth Circuit Holds
By Barry Barnett on
May the operator of oil and gas leases drill and complete a well before it gives notice to other working interest owners of their right to participate in it?
The Fifth Circuit held last week in Bonn Operating Co. v. Devon Energy Production Co., L.P., No. 09-11040 (5th Cir. July 30, 2010) that, under…