San Antonio appeals court addresses construction of a mineral lease's "Most Favored Nations" clause
In 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, no pet. h.), the Fourth Court of Appeals construed a "most favored nation" clause in a mineral lease. As explained in footnote 2 of the memorandum opinion, "A most-favored-nations clause typically provides a lessee who pays higher royalties or bonuses per net mineral acre on nearby leases must match the higher royalties or bonuses under the subject lea