Title Ruling Can't Nix Prior Gas Lease, Pa. Court Says

Law360, Philadelphia (March 17, 2014, 4:04 PM EDT) -- The Pennsylvania Superior Court handed a win to an Anadarko Petroleum Corp. unit Friday, ruling that oil and gas lease agreements remain valid in their original form even after the discovery of deed restrictions that require legal action to resolve.

In a precedential ruling, a three-judge panel ruled that a 2006 agreement giving Anadarko E&P Co. LP access to oil and gas under a 62-acre property owned by Leo and Sandra Shedden remained valid as drafted, despite subsequent quiet title proceedings to clear the Sheddens from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.