Constructive Trusts in Joint Oil and Gas Ventures

Constructive Trusts in Joint Oil and Gas Ventures: Texas Supreme ...

Constructive Trusts in Joint Oil and Gas Ventures: Texas Supreme Court's Landmark Ruling in Fitzgerald v. Hull Introduction Fitzgerald v. Hull et al.

1970] - fiduciary relationships in oil and gas joint ventures

Having considered the nature of the joint venture, the fiduciary duty and the constructive trust, this paper will now consider their applica- tion to various ...

TYPES OF RELATIONSHIP ARISING IN OIL AND GAS AGREEMENTS

In a sense, 'joint venture', like 'constructive trust', is an adjective rather than a substantive concept; its main employment by the courts is to provide a.

The Confidential Relationship Theory of Constructive Trusts-An ...

... business associates.10. Although the role of the ... Calmac Oil & Gas Corp., 25S App. Div. 73, 16 ... (joint tenancy); Sacre v. Sacre, 143 Me. SO, 55 A ...

Fiduciary Protection of Nonoperating Oil and Gas Interests against ...

by a joint venture, federal oil and gas lease, or merger, a constructive trust acts to preserve the nonoperating interest on a lease acquired by the ...

Constructive Trusts under the Texas Trust Act - SMU Scholar

The pleadings and proof show that the three parties agreed to enter into a joint adventure regarding this oil and gas lease and that each had a duty to perform ...

THE TEXAS CONSTRUCTIVE TRUST AND ITS PECULIAR ...

existed prior to the oral agreement to enter a joint venture to share oil and gas interests.229 It therefore followed from its decision in Consolidated Gas that ...

Gaines v. Hamman, 17 Oil & Gas Rep. 52, 358 S.W.2d 557, 163 Tex ...

... oil and gas leases which they were to own jointly. ... joint venture insofar as third persons are concerned. ... constructive trustee." Scott on Trusts, 2nd ed.

Co-habitant must prove detrimental reliance when seeking to ...

The Appeal decision provides welcome clarity for common intention constructive trusts arising between joint owners of property in a domestic ...

Vaquero Petroleum Co. v. Simmons, 636 S.W.2d 762 | Casetext ...

... constructive trust be imposed upon the subject leases. ... ventures to finance the drilling of ... joint venture for the drilling of oil and gas prospects.

1.3 Investments — Equity Method and Joint Ventures | DART

... trust, or similar entity (i.e., investment entities). ... oil and gas mineral rights). A contribution of ... constructive obligations or made payments on behalf of ...

“Clearing” the constructive trustee's legal title: The doctrinal and ...

The court in Freeport-McMoRan Oil & Gas LLC v. 1776 Energy Partners, LLC, 672 S.W.3d 391 (Tex. 2023) explained that “constructive trusts, ...

Bankruptcy Code Section 544(a) and Constructive Trusts

... company to pre- vail over the trustee.5'. In its ... Fox. & Holland (In re Longhorn Oil and Gas Co.), 64 Bankr. ... joint tenancy or a remainder. It is a ...

constructive trusts - StudentVIP

was a constructive trust because it was unconscionable after the failure of the joint venture between the parties for the man to assert his legal ...

Fitzpatrick v. Fitzpatrick :: 2023 :: Oklahoma Supreme Court Decisions

... investments in oil and gas assets through two different ventures. He inextricably tied the Bakken and Energy deals and encumbered marital assets ...

Common Intention Constructive Trusts – proving detriment or ...

Mr Hudson and Ms Hathway, bought a house in 2007, which they registered in their joint names, with no declaration of trust. They had a joint ...

ACQUIRING UPSTREAM ASSETS VIA JOINT VENTURES

First National Bank & Trust Company v. ... In order to provide constructive ... that come into play in negotiating and documenting oil and gas joint ...

tJL ?ti - District of Delaware

Moreno formed it as a "place-holder" for a joint venture ... from "legacy" oil and gas services, pressure ... constructive trusts in the context of ...

How Case Law Has Affected Form Joint Operating Agreements ...

Sure enough,. Cantrell Oil defaulted on the deed of trust ... Under Oil and Gas Joint Operating Agreements After Seagull v. ... Union Pacific Resources Co.,97 two.

Establishing a beneficial interest in property - Weightmans

Also referred to as common intention trusts, constructive trusts arise by operation of law where the parties agree that the beneficial ownership ...