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oil and gas Archives - DelCotto Law Group

Recoupment Defined

January 31, 2018
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By: Dean Langdon

Recoupment allows one party (Party A) to a contract to keep payments that are due to the other party (Party B) when Party B owes money to Party A at the same time. There must be an over-payment by one party, and the competing […]

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Kentucky’s ‘At The Well’ Rule for Determining Royalties Owed Under an Oil and Gas Lease

March 15, 2016
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KENTUCKY’S “AT THE WELL” RULE FOR
DETERMINING ROYALTIES OWED UNDER AN OIL AND GAS LEASE.[1]
By:  Michael J. Gartland (Copyright 2016 ©)
 

Royalty defined.

Every oil and gas lease provides for a royalty to the landowner/lessor.  A […]

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Kentucky’s ‘At The Well’ Rule: Who’s Responsible for Severance Tax Payments?

March 8, 2016
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KENTUCKY’S “AT-THE-WELL” RULE PROHIBITS A
LESSEE UNDER AN OIL AND GAS LEASE FROM DEDUCTING ANY
SEVERANCE TAXES PRIOR TO CALCULATING A ROYALTY VALUE
ABSENT A SPECIFIC LEASE PROVISION APPORTIONING SUCH TAXES.

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Magnum Hunter Resources Oil & Gas Co. files for Bankruptcy

Another Texas Oil Company Goes Under

December 22, 2015
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When it comes to restructuring finances under the looming shadow of bankruptcy, there’s a lot of pressure to exit bankruptcy as soon as possible. This requires a knowledgeable counsel that can represent the debtor firmly. Over 37 North American oil producers have filed a Chapter 11 in […]

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