Cost-Free Royalties – Where Valuation Begins and Post-Production Cost Deductions End

Authors: Celia Flowers & Melanie Reyes Texas jurisprudence has long held that the royalty “stick” of the mineral estate is free of production costs. Although the royalty interest is not subject to production costs, royalty is usually subject to post-production costs. Heritage Resources, Inc. v. NationsBank, 939 S.W.2d 118, 122 (Tex. 1996). Nevertheless, parties are…

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Flowers Davis PLLC Attorneys Melanie Reyes & Rob Knight Speak at the East Texas Association of Petroleum Landmen (ETAPL) Spring Seminar

TYLER, TX (April 30, 2017) ­­– Flowers Davis PLLC Attorneys Melanie Reyes and Rob Knight were presented to members of the East Texas Association of Petroleum Landmen (ETAPL) at their annual Spring Seminar. Reyes and Knight spoke on issues arising due to horizontal drilling, where case law is lagging behind field practices. Their lecture surveyed…

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Flowers Davis PLLC Attorneys Celia Flowers and Melanie Reyes Educate the East Texas Association of Lease and Title Analysts (ETX-ALTA)

TYLER, TX (April 18, 2017) ­­– Flowers Davis PLLC Attorneys Celia Flowers and Melanie Reyes presented to a maximum-capacity crowd at the East Texas Association of Lease and Title Analysts at the ETX-ALTA Spring Seminar. Flowers and Reyes first lecture covered mineral and royalty interests, educating the members on how to determine if an interest…

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