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 […]
KENTUCKY’S “AT THE WELL” RULE FOR
DETERMINING ROYALTIES OWED UNDER AN OIL AND GAS LEASE.
By: Michael J. Gartland (Copyright 2016 ©)
Every oil and gas lease provides for a royalty to the landowner/lessor. A […]
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.
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 […]