UPDATED – Texas Supremes: Balancing the Bundle of Rights that Comprise a Mineral Estate Creates a “Conundrum”
In a highly watched oil and gas case, the state's highest court issued a mixed decision in a case in which royalty owners allege self-dealing by executive mineral right-holders who negotiate drilling agreements. Experts say the ruling will likely lead to greater scrutiny by trial courts. The plaintiff's lawyer says his client is disappointed that oil and gas operators will not be held responsible in these kind of mineral rights disputes.