Contracting for Clarity: Practical Solutions for Drafting Around the Current State of the Law Affecting Overriding Royalty Interests
Date
2013
Journal Title
Journal ISSN
Volume Title
Publisher
Texas Tech Law Review
Abstract
Reviews the three primary issues often litigated with regard to ORRIs: potential washouts, pooling, and implied covenants in the ORRI instrument. Highlights the importance of each of these topics although the relevant case law is either unfavorable to ORRIs or uncertain.
Description
Rights
Rights Availability
Keywords
Washouts, Bad faith washout, Fiduciary duty, Overriding royalty interest (ORRI), Implied covenants, Construction solutions, Pooling, Protection against drainage
Citation
M C. Cottingham Miles and Paul J Benavides, Contracting for Clarity: Practical Solutions for Drafting Around the Current State of the Law Affecting Overriding Royalty Interests, 46 Tex. Tech L. Rev. 1043 (2013-2014)