The state Supreme Court has agreed to hear arguments on whether a lease entitles an oil and gas company to a 62-acre property, despite the fact that the lease was entered into when the landowners only had title to half the property and payment only covered 31 acres.
The justices granted allocatur in Shedden v. Anadarko E&P on Aug. 15. According to the one-page per curiam order, the court will consider whether the landowners should be “estopped from denying that an oil and gas lease covered after-acquired oil and gas rights even though the lessee only paid the lessors in proportion to the lessors’ actual interest.”
This content has been archived.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]
