Billion-Dollar Showdown: T. Boone Pickens v. J. Cleo Thompson
A big-dollar showdown between two legendary oil and gas names in Dallas goes to trial this week in West Texas in a decade-long dispute over ownership interests and revenues from more than 160 wells in Reeves and Pecos counties. T. Boone Pickens’ Mesa Petroleum sued J. Cleo Thompson and three Midland E&P companies for allegedly violating the terms of a decade-old investment contract potentially worth up to $1 billion.
