The state Supreme Court has agreed to hear arguments on whether a lease entitles an oil and gas company to a 62-acre property, despite the fact that the lease was entered into when the landowners only had title to half the property and payment only covered 31 acres.
The justices granted allocatur in Shedden v. Anadarko E&P on Aug. 15. According to the one-page per curiam order, the court will consider whether the landowners should be “estopped from denying that an oil and gas lease covered after-acquired oil and gas rights even though the lessee only paid the lessors in proportion to the lessors’ actual interest.”
