Is a Merger a “Transfer of Leases”?
Energy & the Law
JANUARY 23, 2024
In Texas, no. Read on to learn why. In Nortex Minerals LP v. Blackbeard Operating LLC et al , the question was the meaning of this limited assignment provision in the “Alliance Leases”, oil and gas leases covering 27,000 acres of the Alliance Airport in Tarrant County: Except as provided herein, Lessee may not assign or otherwise transfer an interest in this Lease without prior written consent of Lessor, which consent may be granted or denied in the sole and absolute discretion [,] and without s
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