Saying a lower court misconstrued its 2015 decision in Chesapeake Exploration v. Hyder, the Texas Supreme Court ruled unanimously that the deductibility of production costs from energy company royalties is a matter commanded by contractual language. Janet Elliott, who has followed the controversy, explains . . .
You must be a subscriber to The Texas Lawbook to access this content.
Not a subscriber? Sign up for The Texas Lawbook.