Property Provisions of the Operating Agreement—Interpretation, Validity, and Enforceability

Date

1988

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Tech Law Review

Abstract

Examines the rise of “operating agreements” in the joint operation of mineral properties and the correlative upsurge in litigation involving such agreements. These instruments are a complex and highly interrelated web of property provisions which the author asserts have increased flexibility and fiduciary responsibility in the transfer and disposition of property interests.

Description

Keywords

Oil and gas law, Oil and gas lease, Mineral estates, Joint operations, Operating agreement, Implied reciprocal transfers, Waiver of partition

Citation

19 Tex. Tech L. Rev. 1263