Oil and Gas The trial court concluded that a production payment reserved in the assignment of four oil and gas leaseholds could be adjusted to account for the termination of an underlying lease because the payment was carved respectively from the four leases. The court of appeals disagreed. Absent express language in the assignment to the contrary, the general rule is that when an oil and gas lease terminates, the overriding royalty or similar production payment created in an assignment of the lease is likewise extinguished. The court of appeals’ judgment is reversed and rendered. Apache Deepwater LLC v. McDaniel Partners Ltd., Texas Supreme Court, No. 14-0546, 02/26/2016.
John P. Devine Justice.