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Bankruptcy Court Royalties Oil & Gas

Bennett Jones LLP

Spartan Delta Appeal Raises Uncertainty for Co-Lessees After Insolvency

Bennett Jones LLP on

Years after an insolvency proceeding is closed, can a solvent co-lessee/working interest participant (WIP) still be on the hook for their former partner’s share of unpaid Crown royalties? A recent Alberta Court of Appeal...more

Gray Reed

Delaware Bankruptcy Court Treats Royalty Owner Claims as Unsecured

Gray Reed on

If you are a royalty owner and have questions about how your claim is likely to be treated when your lessee/operator goes into bankruptcy in Delaware, In re MTE Holdings LLC is a significant case....more

Latham & Watkins LLP

Is Your ORRI What You Think It Is?

Latham & Watkins LLP on

Bankruptcy Court reinforces importance of parties’ intent in determining the nature of overriding royalty interests under state law. On April 2, 2015, the United States Bankruptcy Court for the District of Delaware...more

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