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Texas Supreme Court Rules That Post-Sale Costs Must be Added Back to Gross Proceeds Calculation | Houston Harbaugh, P C

Let’s assume you own 185 acres in Washington County. In 2020, you negotiate a new oil and gas lease with ABC Drilling. During the negotiations, you insist on a “gross royalty” which.

Storage Wars: Ownership of Subsurface Salt Cavern Storage Rights | Bracewell LLP

Underground salt caverns are commonly used for the storage of liquids including liquefied hydrocarbons. These caverns are created by solution mining of salt from inside underground salt.

Who Owns Storage Rights of Underground Salt Caverns?

Case law has been unsettled on ownership of the storage rights associated with underground salt caverns. In Myers Woodward v. Underground Servs. Markham, the Corpus Christi Court of Appeals held the surface owner owns the subsurface of the property including salt mining caverns.

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