Construction of Most-Favored-Nations clause in Oil and Gas Lease.
EP Energy E&P Co., L.P. v. Storey Minerals, LTD, No. 04-19-00534-CV, 2022 WL 223253 (Tex. App.—San Antonio Jan. 26, 2022, pet. filed). Construction of Most-Favored-Nations clause in Oil and Gas Lease.
At issue in this case is the construction of most-favored-nations (MFN) clauses contained in identical oil and gas leases. Specifically, the number of additional bonuses due to lessors upon the triggering of said clause, and whether the lower court failed to consider surrounding circumstances while construing the clause.