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Tag: oil and gas contracts

September 15, 2014

Freedom of contract takes a hit in New Mexico

The First Baptist Church of Roswell and others own mineral rights in the Runnin’ AZH oil well near Roswell, New Mexico.  Yates Petroleum operates the well pursuant to standard contracts with all of the mineral right owners.  These contracts, called division orders, require owners to provide proof of title of ownership and state that Yates ...