Division Orders are Unilaterally Revocable Agreements that Bind the Parties Until Properly Revoked
Date
1982
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Texas Tech Law Review
Abstract
Observes the legal implications of division orders and whether division orders can be binding like contracts. The Exxon Corp. v. Middleton decision reestablished a delicate balance between royalty owners and purchasers. The author concludes that the court needs a binding agreement that does not impose an undue burden on the interest owners.
Description
Keywords
Division orders, Oil and gas, Royalty owners, Oil and gas lease, Contracts, Exxon Corp. v. Middleton, Case note
Citation
13 Tex. Tech L. Rev. 142