Landowners who leased their land to an oil and gas driller can make a deal with a different driller when the first takes too long to actually start drilling on the property, the Superior Court ruled.
A three-judge panel in Hite v. Falcon Partners said drillers cannot pay landowners delayed rental payments indefinitely in lieu of the royalty payments the owners would receive if gas or oil was being extracted from the land.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]