248) In many of the examples above, language in the committee reports and the sponsors' interpretive memoranda suggested Congress strongly disagreed with the rationales employed in the precedents it was overriding and that it expected that the overrides would be understood as making clear that the precedents should not be applied in other contexts.
I propose two interrelated interpretive conventions that would achieve this objective: (1) a rebuttable presumption that Congress, in overriding a nonconstitutional judicial decision interpreting a statute, rejects the court's interpretation of the preexisting statutory language and thus that "fresh" statutory analysis is required; and (2) a rule that those aspects of the overridden precedent are no longer binding on lower courts.
5% cost-free overriding royalty interest in the Brazos Area Block A-39 Lease until payout of the No.
The Partnership's interest in the lease is not subject to withholding or deduction of drilling and other costs, with this interest converting into the equivalent of the Partnership's original net overriding royalty interest after Pioneer and Woodside have recouped costs that would have been withheld and deducted under the original interest before the Partnership would have been entitled to any proceeds.
override decision failed to consider whether overriding
Petroleum Corporation expects a minimum of three wells in which it will own overriding
royalty interests to be drilled before the end of this year, with up to a further seven wells in which it will own overriding
royalty interests to be drilled next year.
If Canabrava discovers minerals other than diamonds on the Property then Berland will have the right to explore and exploit those minerals, subject to paying Canabrava a 2% net smelter royalty, with similar buyout and rights of first refusal provisions to the gross overriding
In addition to the overriding
royalty interest, PANACO negotiated a 60 months prepaid processing agreement for $1,755,000.
RESERVE ROYALTY CORPORATION is an innovative financial company which creates gross overriding
royalties in the oil & gas industry through off balance sheet financing for industry partners and by the re-deployment of oil and gas assets acquired by the company in corporate transactions such as the Jordan acquisition.
royalty interest until payout of the well and then convert to a 20% working interest.
prospect Into sliding-scale, overriding
5 percent Gross Overriding
Royalty interest on developed lands, and to a 12 percent gross overriding
royalty on its share of undeveloped land interests.
from working interests to cash, stock, gross overriding
royalties, and other considerations as previously disclosed in the February 14 Press Release.
7 million in net cash flow to Reserve in 1995, from working interests to cash, stock, gross overriding
royalties, and other considerations.
Accordingly, Ramrod has agreed to exchange its working interest in ED's Swan Hills, Alberta prospect for a 1 percent overriding