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By Amy Duplantis Gautreaux | Drill Deeper | March 2, 2015
The Louisiana Second Circuit Court of Appeal has recently issued two important decisions addressing whether certain mineral reservation language created a fixed term or instead simply restated the customary ten-year prescriptive period for these mineral rights. Both cases emphasize why special, carefully drafted language is needed to create a mineral reservation with a fixed, non-extendable term of ten years or less.