Roy Schwartz is an associate in the Energy, Power and Natural Resources Practice Group in the Houston office of Haynes and Boone, LLP. His practice includes a broad variety of energy-related transactions, including crude oil, natural gas and renewable energy. He handles energy finance matters, as well as the acquisition and disposition of oil and gas properties.
After years of questions, legislative wrangling and arguments on both sides of the issue, the validity of permits for allocation and production sharing agreement (“PSA”) wells in Texas (following the drilling and completion of thousands upon thousands of allocation and PSA wells) has recently been called into question by a Texas trial court. The question of the legality of such wells and related R [...]