Fifth Circuit: Fallon Family, L.P. v. Goodrich Petroleum Corp.

Under state law, where a continuing contractual scheme of payments for a mineral lease is not reflected in the property's recordation, a party to the contract cannot exercise the power of dissolution against the debtor-in-possession counterparty otherwise liable for the pre-petition payments, as the latter has acquired the status of bona fide puchaser for value.

http://www.ca5.uscourts.gov/opinions/pub/17/17-20278-CV0.pdf