ArticleWhat Does A Furlough Mean To My Employees?When restaurants were ordered to shutter – and before PPP – Ernest Bux's sister Cookie Bux who owns Beef O'Bux Restaurants was in a bindUnited StatesEmployment and HRGray Reed
ArticleContaminated Butane And Propane Creates Fight Over General Terms And ConditionsEnterprise Products Operating v. Trafigura, A G. asks, Who should pay when a "black blob" that had "the stench of a skunk" was left behind after $27 million...United StatesEnergy and Natural ResourcesGray Reed
ArticleFloating Beats Fixed In Another Royalty DisputeRecent Texas royalty cases seem to feature litigants on the fixed royalty side trying, more often than not in vain, to escape the clutches of Van Dyke v. Navigator and Hysaw v. Dawkins.United StatesEnergy and Natural ResourcesGray Reed
ArticleLouisiana Operator Survives Forfeiture Of Right To Recover Drilling CostsIn Mistretta v. Hilcorp Energy Company, unleased mineral owner Mistretta sued Hilcorp alleging failure to provide requested production and well cost information pertaining to an oil well operated by Hilcorp.United StatesEnergy and Natural ResourcesGray Reed
ArticlePredicting The Effect Of Biden's Election On The Oil Industry And The ClimateNow that our new president has been elected (Proud Boys, its over!), let's take a look at what people smarter than I are predicting it will mean for the domestic oil and gas industry and the climate.United StatesEnergy and Natural ResourcesGray Reed
ArticleWhat's New From The Climate-Alarm Industry?A lot, it turns out. The Biden Administration, bending the knee to the progressive wing of the Democratic Party, has paused approval of new LNG export facilities.United StatesEnergy and Natural ResourcesGray Reed
ArticlePersonal Insights Into Arbitration And TrialFor nine years, Tilting the Scales has brought legal issues with a business slant –practical and conversation points. United StatesLitigation, Mediation & ArbitrationGray Reed
ArticleTexas Court Rules In Suit Over Minerals In Another StateScheming to find the most remote and inaccessible county in Texas (my vote is Yoakum but there is no paucity of candidates) in which to dish out Texas home-town...United StatesLitigation, Mediation & ArbitrationGray Reed
ArticleSpecialty Zoning Topics For Developers And BuildersLast month, we delved into the fundamentals of zoning as they relate to developers and builders. Now, let's take a deeper dive into specialized zoning topics that merit closer examination.United StatesReal Estate and ConstructionGray Reed
ArticleSo You Might Sell Your Business Someday. Do You Need A Broker?After a lifetime of pouring time and energy into growing and expanding, Pawlenty Energy, JR and Sue Ellen Pawlenty are ready to sell their business and retire.United StatesStrategyGray Reed
ArticleIRS Targets Charitable Remainder Annuity Trusts (CRATs) As Listed TransactionsOn March 25, 2024, the IRS issued proposed regulations (REG-108761-22) which, if finalized, would identify certain CRATs as listed transactions.United StatesTaxGray Reed
ArticleIRS Targets Front-End Services In DeFi Reporting Final RegulationsFinal regulations on informational reporting obligations for custodial brokers were published in the Federal Register on July 9, 2024 with an ominous note that the information reporting requirements for non-custodial brokers...United StatesTaxGray Reed
ArticleTexas HVAC Employer Files Over $5 Million ERC Refund LawsuitThe employee retention credit (ERC) has been a hot topic lately in the tax world. On September 14, 2023, the IRS imposed an administrative moratorium...United StatesTaxGray Reed
ArticleMediated Settlement Agreements – Be Prepared . . . In AdvancePrepare a draft settlement agreement that suits the case before mediation. Take it with you and use it to make a full and final settlement agreement at the end of mediation.United StatesLitigation, Mediation & ArbitrationGray Reed
ArticleMy Operator Is Making Money … Part 2, The Operator's ResponseThe threat: You, the operator, are operating unprofitable wells where monthly costs exceed or barely equal revenues, making money on the fixed COPAS overhead chargesUnited StatesLitigation, Mediation & ArbitrationGray Reed
ArticleChoice Of Words Matters In An Override AssignmentThe question in Rock River Minerals, LP and Carr v. v. Pioneer Natural Resources, et al.: Did an assignment of overriding royalty interests in Texas oil and gas leases include a depth limitation?United StatesEnergy and Natural ResourcesGray Reed
ArticleRatifications, Stipulations, And Fixed vs. Floating Royalty InterestsAfter four stops at the lower courts, Kenneth Hahn v. ConocoPhillips has been resolved by the Supreme Court of Texas.United StatesEnergy and Natural ResourcesGray Reed
ArticleTexas Business Court Bounces Oil And Gas CaseIn legal parlance, it was a "remand", but the result in Energy Transfer, LP et al v. Culberson Midstream LLC et al was the same.United StatesEnergy and Natural ResourcesGray Reed
ArticleThe New Year Will Define Rules For Taxation Oversight And EnforcementAn old German proverb states that "to change and to change for the better are two different things." As 2024 ends, the legal and business communities who must navigate government scrutiny...United StatesTaxGray Reed
ArticleU.S. Tax Court: Proving A Net Operating Loss Deduction CarryoverThe U.S. tax system requires taxpayers to report their income and expenses on an annual accounting basis (e.g., a calendar year). Because taxpayers may have profits in some years...United StatesTaxGray Reed