Try our Advanced Search for more refined results

Expert Analysis

Texas Post-Production Costs Still Constrained By 4 Corners

Law360, New York (June 23, 2015, 11:09 AM EDT) -- On June 12, 2015, the Texas Supreme Court unveiled its 5-4 decision[1] in Chesapeake Exploration LLC v. Hyder, the first decision to discuss the court's key 1996 holding in Heritage Resources Inc. v. NationsBank. A majority of the Texas Supreme Court ultimately sided with the plaintiff royalty owners, the Hyders, and held that Chesapeake is not entitled to deduct post-production costs in calculating overriding royalties on gas under the Hyder lease. In so holding, the Texas Supreme Court reaffirms the underlying premise of Heritage (i.e., the specific lease language used by the parties controls the royalty valuation and deductibility of post-production costs)....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!