From Media Reports
(Feb. 4) – Texas’ high court decided on Jan. 29 not to revisit its ruling last June in a royalty dispute between Chesapeake Energy and the well-known Fort Worth Hyder family.
A San Antonio appeals court awarded the Hyder family at least $1 million in royalties, interest and attorney’s fees in 2014. The Supreme Court of Texas upheld that ruling last year when the majority interpreted a drilling lease as clearly excluding post-production costs from royalties.
Several energy companies – including BP American, Devon Energy and XTO Energy – filed amici curiae on behalf of Chesapeake, which characterized the ruling as a “sea change in the law.”
David Drez, a partner in the Fort Worth office of Wick Phillips, represented the Hyder family.
Read the full story from the Fort Worth Star Telegram.
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