September 2016

Must a production payment out of four oil and gas leases be proportionately reduced if two of the leases expire because production ceased? In Apache Deepwater, LLC v. McDaniel Partners , Ltd., the Texas Supreme

Here is a format to follow while drafting a demand for payment. Date _______________________ To _________________________ ____________________ ____________________ Dear _______________________ We have tried on several occasions to secure payment of your overdue account but it

THIS AGREEMENT is made the ______ day of _________________ year _____ BETWEEN: (1) _________________ of _________________ (the ‘Buyer’); and (2) _________________ of _________________(the ‘Seller’). NOW IT IS HEREBY AGREED as follows: 1. The Seller agrees

THIS AGREEMENT is made the ______ day of _________________ year _____ BETWEEN: (1) _________________ of _________________(the ‘Buyer’); and (2) _________________ of_________________(the ‘Seller’). NOW IT IS HEREBY AGREED as follows: 1. In consideration for the sum

Here are several things to note about SEC v. Arcturus et al : Pay attention to this post if you sell oil deals in the way these defendants did. This is a civil enforcement suit,