The state Supreme Court has declined to hear arguments in a case that dealt with the interpretation of oil and gas royalties under the Guaranteed Minimum Royalty Act.
August 06, 2014 at 12:03 AM
1 minute read
The state Supreme Court has declined to hear arguments in a case that dealt with the interpretation of oil and gas royalties under the Guaranteed Minimum Royalty Act.
The allocatur denial lets stand the state Superior Court’s decision in Southwestern Energy Production v. Forest Resources that an amendment to an oil and gas lease reducing a royalty percentage below 12.5 percent violated the act.
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