Monthly Archives: January 2018

At the Well Weekly – Oil and Gas Update for Week Ending 1/5/2018 – Ohio Supreme Court Rejects Implied Covenant of Further Exploration/Development in Oil and Gas Leases; Tenth Circuit Rejects “Marketable Product” Rule for Calculating Royalties

As we open 2018, oil prices slipped a bit after hitting a three-year high at the end of the year while natural gas spot prices got a jolt from extreme weather conditions in the northeast.  In Appalachia, the Ohio Supreme Court rejected the notion that oil and gas leases held by production from shallow formations contain an implied covenant to further explore and develop deeper strata.  In other news, the Tenth Circuit rejected the “marketable product” rule for calculating royalty clauses in New Mexico oil and gas leases.  Here’s the week in review:  About The Author

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At the Well Weekly
Welcome to At the Well Weekly, a blog designed for busy folks in the oil and gas industry. If you haven’t read a thing during the week, our hope is that you can breeze through the update and be up to speed on the basics such as current rig counts, commodity prices, and case law updates on legal issues of interest in Appalachia and elsewhere.
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Cozen O’Connor Blogs