Page 31 - Gray Reed News Today

This is another chapter in the long-running dispute between Eagle Oil & Gas Co. and. TRO-X, L.P.  The litigation arises out of an agreement to acquire and sell oil and gas leases. Here, TRO-X alleges that Eagle failed to remit a share of revenues from production that commenced after the first suit between the parties ended. Background In 2005 TRO-X and Eagle entered into an acreage acquisition agreement for leases in Pecos and Reeves counties. The interests would be acquired in Eagle’s name...

To embed, copy and paste the code into your website or blog: Drake Goodman and Patty Palmer lease a studio apartment to Carter Haynes. But Haynes has not paid rent since last May, when the shelter-in-place orders caused his fledging restaurant to go out of business. While sympathetic to Haynes’s plight, the loss of rental income has severely damaged Goodman and Palmer’s own finances, and they are growing increasingly desperate. Can they evict Hayes? Should they? As more Americans get vaccin...

To embed, copy and paste the code into your website or blog: The IRS has several tools in its arsenal to encourage compliance and audit and enforce those it believes are failing to comply.  One of the most powerful tools is the John Doe summons. A regular IRS summons seeks information on a specific taxpayer.  However, a John Doe summons, as the name implies, involves a group of taxpayers that the IRS cannot identify by name – yet.  Judicial approval is required, but the approval is ex part...

The Texas Supreme Court in Concho Resources, Inc. v. Ellison enforced a boundary stipulation involving an unambiguous deed about which there had been no dispute. You can refer to our earlier post to understand the More facts The Boundary Stipulation of Ownership of Mineral Interests between the owners of the Northwest Tract and Southeast Tract mineral estates declared the boundary of the mineral estate to be different from the public road and was recorded in the Irion County public records. I...

The battle outside ragin’ And rattle your walls -Bob Dylan A change in presidential administrations brings with it the uncertainty of what the political, legal and tax landscape will look like in the future. Statements from the Commissioner of the Internal Revenue Service and the President of the United States are starting to provide clarity of what things will look like going forward.  Here’s what we know and what you, as a taxpayer, should be thinking about as you adjust your financial p...

The central issue in the Texas case of Cook v. Cimarex Energy Co.: Did Cook grant Cimarex a right of way across Cook’s land to the location of two Cimarex wells. No he didn’t. Reversing the trial court, the court of appeals concluded that two Contracts of Release were ambiguous. Neither party was entitled to summary judgment, so its back to the Ochilltree County courthouse for a large helping of he-said-she-said. The land and the agreements Cook owns the surface of sections 48, 49, and 129...

To embed, copy and paste the code into your website or blog: Bell v. Midway Petroleum Grp., L.P., 9th Dist.] Mar. 18, 2021 was a trespass to try title action, suit to quiet title for possession of a land, and a counterclaim for title by adverse possession. There are several … … Takeaways A Mother Hubbard Clause can save a deed in which the property description fails to satisfy the Statute of Frauds. Testimony to establish adverse possession must be of such character as to indicate unmistak...

Oppy adds to Mexico team amid growth in country April 21 , 2021 Oppy has expanded its team in North America with the hiring of Sergio Ruiz who will focus on building the supply of key items for the company. Based in Guadalajara, Ruiz offers a decade of experience in the produce industry in retail and imports as well as various other roles. He also brings to the table a wealth of knowledge of the greenhouse industry in Mexico. In his new role, Ruiz will work on further growing Oppy’s robust o...

House passes African American cemetery task force bill Florida Avenue, directly across from E. Kentucky Avenue, where Zion Cemetery was located in Tampa. Image via AP. Florida has a history of building on top of African American cemeteries. The House passed a bill years in the making to establish a task force to preserve Florida’s African American cemeteries. The bill, sponsored by Tampa Rep. Fentrice Driskell, passed the House 117-0. Attempts in past Sessions to pass similar legislation w...

Oppy BB #:113404 has added to its extensive team in North America with the hiring of Sergio Ruiz who will focus on building the supply of key items for the leading grower, marketer and distributor of fresh produce from around the world. Based in Guadalajara, Ruiz offers a decade of experience in the produce industry in retail and imports as well as various other roles. He also brings to the table a wealth of knowledge of the greenhouse industry in Mexico. In his new role, Ruiz will work on furt...