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Wells Fargo Mineral Leases

McDermott Will & Emery

Exxon Prevails in $200 Million Tax Penalty Case

McDermott Will & Emery on

On January 13, 2021, the US District Court for the Northern District of Texas ruled in favor of Exxon Mobil Corporation (“Exxon”) in its battle against the government over tax penalties. Exxon filed amended returns for its...more

Baker Donelson

Gloria’s Ranch LASC Opinion

Baker Donelson on

In August 2017, we wrote about an opinion from the Louisiana Court of Appeal, Second Circuit in the matter of Gloria’s Ranch, L.L.C. v. Tauren Exploration, Inc. The Louisiana Supreme Court recently issued a highly anticipated...more

Gray Reed

Louisiana Lender Not Liable for Lease Violations

Gray Reed on

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

Gray Reed

A New Day for Louisiana Oil and Gas Lenders?

Gray Reed on

Lenders to Louisiana operators are likely to be reconsidering their business practices in light of Gloria’s Ranch v. Tauren et al. A rather ordinary lease termination suit resulted in the lender Wells Fargo being...more

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