Louisiana - HB444 MINERALS/RIGHTS-ROYALTY: Defines mineral production payments

Abstract: Defines mineral production payment. Present law requires that if the owner of a mineral production payment or royalty owner other than a mineral lessor seeks relief for the failure of a mineral lessee to make timely or proper payment of royalties or production payments, he must give written notice prior to a judicial demand for damages. Proposed law defines mineral production payment as an obligation owed to the purchaser