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Expert Analysis

Texas High Court Provides Certainty Over O&G Operations

Law360, New York (July 18, 2014, 11:17 AM EDT) -- Enhanced recovery operations are essential to extracting valuable oil and gas resources in Texas and in other states with mature hydrocarbon fields. These operations prevent the waste of valuable oil and gas resources and yield a considerable economic benefit to the royalty owners by extending the life of leases for years. However, enhanced recovery operations require a substantial capital investment by oil and gas operators. In assessing the economic viability of these operations, operators rely on the terms of the oil and gas lease contracts they have negotiated....

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