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The question posed in our recent discussion of Devon Energy v. Apache Corporation was the meaning of “payor” under the Texas Division Order Statute. The answer, as far as it went, was that in a well drilled without a joint operating agreement the statute does...

The government has former spies, military officials, and law enforcement professionals on hundreds of corporate boards to protect national security, in what a Washington University Law Review study calls an increase in “national security corporate governance.” The study claims that,in effect, shareholders are relegated to little...