Legal Opinion
Puckett v. First City National Bank of Midland
Texas Court of Appeals, 11th District (Eastland)
Decided November 14, 1985No. 11-85-024-CVPublishedCited by 9 opinions
1Opinion of the Court
Opinion
McCLOUD, Chief Justice.
The principal issue in this oil and gas case is which method of calculating royal ties should be used in a “split stream” sale of gas produced from a voluntarily pooled unit. A split stream sale results when, as in the instant case, there is more than one owner of the working interest, and the individual working interest owners sell the gas allocated to them to different gas purchasers at different prices. Two methods of calculating royalties appear to have evolved: (1) the “weighted average” method whereby the royalty owners are paid on the basis of the sale of…
2Cases cited22 opinions
- English v. FischerTexas Supreme Court · 1983
- Veal v. ThomasonTexas Supreme Court · 1942
- Exxon Corp. v. MiddletonTexas Supreme Court · 1981
- McKinley v. DrozdTexas Supreme Court · 1985
- Amoco Production Co. v. First Baptist Church of PyoteTexas Supreme Court · 1980
17 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Samson Exploration, LLC (Formerly Samson Lone Star, L.P.) v. T.S. Reed Properties, Inc.Texas Supreme Court · 2017
- MBank Abilene, N.A. v. Westwood Energy, Inc., Texas Court of Appeals, 11th District (Eastland)1986
- Nathan Park, Individually and D/B/A Park Mowing Service v. Claude Payne D/B/A Haskell Tractor Service, Texas Court of Appeals, 11th District (Eastland)2012
- Oliver Lane Chambers, Donna Kay Chambers-Jones, Rhonda Thompson, Clinton L. Chambers and Wife, Brandi N. Chambers v. San Augustine County Appraisal DistrictCourt of Appeals of Texas · 2017
- Juliette Fowler Homes, Inc. v. Welch Associates, Inc.Court of Appeals of Texas · 1988
4 more not listed; retrieve them via the Exa API.