Happy Holidays From RR&A written by Rachel Lamphier Dear colleagues, clients, and supporters, What a phenomenal year 2023 has been for RR&A! We have achieved countless new milestones, welcomed a host of new team members, relocated our Houston office to a brand-new space, and so much more. Yet, one thing that remains unwavering is the… Read more »
The Most Wonderful Transactional Time of the Year written by Andrew Clinton Closing oil and gas transactions, including asset acquisitions and divestitures, by the end of the year can be challenging due to various timing considerations. Several factors can potentially trip up the closing process, so it’s crucial to be aware of and address these… Read more »
New Year, New Portfolio: Key Considerations to Closing Your Transactions Before the Ball Drops written by Miranda Caballero Stores are full of garland and decorations, and your holiday calendar is beginning to fill; the end of the year is here. At RR&A, our phones are ringing, and emails are chirping with one familiar chorus, “So…do… Read more »
Tax-Mas Implications That Won’t Leave You a Scrooge written by Miranda Caballero ‘Tis the season…of taxes. Not to embody Ebenezer Scrooge, but among the parties, gifts, and magical wonder that year’s end brings, taxes remain. Tax implications can motivate year end transaction closures. Here are RR&A’s top 10 tips for capitalizing on your company’s tax… Read more »
Closing Out the Holidays: Wrap-Up Your Transactions by the End of Year written by Andrew Clinton As you’ve been making your due diligence checklist and checking it twice, RR&A has valuable recommendations to spruce up your end-of-year transactions and ensure a smooth closing process. As the year draws to a close, there is often a… Read more »
Tis the Season to Go for Broker written by Andrew Clinton When sourcing deals for oil and gas transactions, working with a broker can offer several, sometimes non-intuitive, benefits. These intermediaries are crucial in connecting buyers and sellers in the industry. In the spirit of the upcoming holidays, here are twelve key advantages of using… Read more »
Pennsylvania Oil and Gas Lease Act PA ST 58 P.S. § 33.2 On November 3, 2022, Pennsylvania approved revisions of the Oil and Gas Lease Act provisions on required disclosures accompanying payments made to royalty owners from unconventional oil and gas wells. Unconventional oil and gas operators must now provide production and sales information on… Read more »
Van Dyke v. Navigator Group Texas Supreme Court Cause No. 21-0146 In 1924, George H. Mulkey and Frances E. Mulkey conveyed their ranch and its underlying mineral estate to G. R. White and G. W. Tom, reserving “1/2 of 1/8” of all minerals and mineral rights. At issue in this case – with the division… Read more »
Dellit v. Schleder DA 21-0631 (2022 MT 196) Leonard Schleder and his sister, Irene Messer, both owned fractional interests in the surface and mineral estates of three tracts of land. By Warranty Deed, Leonard conveyed all interest in said land to Irene and her husband, subject to a reservation of “an undivided two-thirds of all… Read more »
Brown v. Cont’l Res., Inc. 58 F.4th 1023 (8th Cir. 2023) This Eighth Circuit case originated in South Dakota between a well operator, Continental Resources, Inc. (“Continental”), and two landowners (“the Browns”). In 2010, Continental drilled an oil production well on the Browns’ land, subject to drilling and pipeline agreements with the Browns. Continental later… Read more »
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