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Steptoe & Johnson PLLC: Production 'Irrelevant' Under Flat-Rate Leases

By Bridget D. Furbee A good outcome for oil and gas operators in West Virginia was provided by the U.S. Court of Appeals for the Fourth Circuit on May 7, 2013. Referencing "... longstanding West Virginia law," the Court affirmed the validity of a 1933 lease finding "... the quantity...