ORRI “Anti-Washout” Provision Not Binding on Lease Assignees

Greg Russell, partner in the Vorys Columbus office, authored an article titled, "ORRI “Anti-Washout” Provision Not Binding on Lease Assignees" that was featured in the 4th issue of the Oil & Gas E-Report.  The article summarizes the case of Marquette ORRI Holdings, LLC v. Ascent Resources-Utica, LLC, which "addressed whether assignees of a leasehold interest were bound by the extension and renewal clause included in a prior assignment of an overriding royalty interest in the assigned lease." 

Read the full article here.