Summer 1997, Vol. 37, No. 3

Introduction
From the Wellhead to the Courtroom: Exploring the Future of Oil and Gas Law          545
Suedeen Kelly

Lead Articles
Royalty Valuation: Should Royalty Obligations Be Determined Intrinsically, Theoretically, or Realistically?
Part 1          547
Owen L. Anderson

Royalty Valuation: Should Royalty Obligations Be Determined Intrinsically, Theoretically, or Realistically?
Part 2          611
Owen L. Anderson

Clear As Crude: Defending Oil and Gas Royalty Litigation          695
William F. Carr, ESQ. and Paul R. Owen, ESQ.

Smaller Exploration Companies on the International Frontier          707
David G. Ebner

The Lessee's Right of Free Use of Produced Substances: New Wine in Old Bottles          729
John S. Lowe

Financing Exploration: Requirements of Federal and State Securities Laws          749
Joseph Shade