Replies to This Discussion

Permalink Reply by Grice on November 13, 2008 at 13:26

1. Cohort Energy leased land (500 acres) from the state of Louisiana.
2. Clark Energy leased land (80 acres) that the US Government.
2. Clark sold their leasehold to Devon Energy.
3. Devon claims that part (20 acres) of the land that Clark originally leased from Louisiana, is the same section of land that Cohort had leased from the US Government.
4. Both Devon and Cohort claim to have the lease rights to the same section of land.
5. A dispute arose as to who (US Government or the state of Louisiana) originally owned the mineral rights to the shared section of land.
6. Cohort sells their leasehold to KCS.
7. A federal Judge rules that they (Devon and KCS) share the land as equal lease owner.

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on November 13, 2008 at 13:44

Bravo, Grice. Good synopsis. Though many of us conduct discussions amongst ourselves knowing somewhat of the knowledge of our fellow regular posters, we sometimes forget that there are other members who appreciate a less nuanced and more straight forward explanation. There is value in framing discussions in laymen's terms.

• ▶ Reply

Permalink Reply by Bandit, UMO on November 13, 2008 at 14:39

Thank you very much!

• ▶ Reply

Permalink Reply by Grice on November 13, 2008 at 20:39

Now you made my brain hurt. I was reserving my final three brain cells for later use. Shame on you (joking).

KB is correct. My previous assessment was inaccurate. Number 7 of my previous post should not have implied a sharing of the land between Devon and KCS. I apologize for my misleading conclusion, and will make the necessary corrections as public records allow.

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page