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HOW FAR DOES “FREE OF COST FOREVER” GO? NOT FAR.

The Texas Supreme Court’s decision in Fasken Oil & Ranch, Ltd. v. Puig narrows the reach of “cost-free” royalty language, holding that “produced from” creates an implied wellhead valuation point permitting deduction of postproduction costs.

Texas Takes the Reins on Class VI Carbon Sequestration Wells

The EPA’s November 2025 approval granting Texas primary enforcement authority over Class VI injection wells fundamentally changes who controls permitting of carbon capture and sequestration projects across the nation’s largest oil and gas state. For the 64 pending permit applications now transferring from federal to state oversight, this...

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