Texas Supreme Court Dismisses Fifth Circuit Court of Appeals Class Action Lawsuit Over Underpaid Mineral Lease Royalties – The Implications It Could Have for Lease Owners
The Supreme Court of Texas recently reaffirmed well-established law for determining the value of royalties to be paid according to the terms of a Texas mineral lease. The main issue in Carl vs. Hilcorp Energy and for similar lease owners was the proper allocation of post-production costs when calculating the gas production on which to…