Burcat Quoted in Law 360 on Supreme Court’s decision to uphold the validity of oil and gas lease agreements
Joel Burcat, a partner in the Real Estate, Environmental and Energy Department and chair of the Oil and Gas Practice, was quoted in an article in Law 360 on the Pennsylvania Supreme Court’s decision that oil and gas lease agreements remain valid despite deed restrictions. The decision found that a lease granting Anadarko E&P Co. LLP, access to oil and gas under a Tioga County couple’s 62-acre property remained intact as drafted, even after it was discovered that the land was subject to a previously unknown 19th century deed restriction reserving half the land's subsurface rights.
Joel was one of many attorneys not surprised by the ruling. “The important thing is that the Supreme Court continues to follow the principles that it has always followed: A deed is a form of a contract,” Joel said in the article. “You interpret a deed as you interpret a contract.”
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