News & Analysis as of September 26, 2024

Mortgages › Mineral Leases

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

Louisiana Lender Not Liable for Lease Violations

Gray Reed on 7/3/2018

The Louisiana Supreme Court’s reversal of lower courts in Gloria’s Ranch, L.L.C. v. Tauren Expl., Inc. eliminates a major source of anguish for Louisiana energy lenders and their borrowers. You might recall our report on the...more

Can a Lease Survive Foreclosure?

Locke Lord LLP on 10/4/2017

Two recent federal foreclosure cases applied Texas law and one highlighted a fact situation that may involve a new (2015) statute. In Arbuckle v. Chesapeake, Case No. 3:14-CV-04584-M (N.D. Texas, Dallas Division September...more

Does it Matter if a Deed Correction is Material?

Gray Reed on 3/7/2017

McCabe Trust v. Ranger Energy LLC, is the consequence of failing to comply with the Texas Property Code when correcting real property conveyances....more

Texas Property Code Change – No More Subordinations?

Gray Reed on 1/13/2016

Weary of having to solicit those pesky subordinations of pre-existing mortgages to your recently-acquired oil and gas leases? Tired of chasing down the third assistant to the fourth vice president for loan servicing just to...more

Texas Legislature Imposes Statutory Subordination of Real Estate Mortgages to Oil and Gas Leases

Jackson Walker on 8/20/2015

The explosive growth of oil and gas leasing and drilling in the Barnett Shale play turned an issue that had always been a nuisance for the oil and gas industry into a significant problem. When an oil and gas producer takes a...more

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