Panel Reinstates More Than $1.11M In Damages, Revenue In Mineral Lease Dispute
Mealey's (July 8, 2015, 12:31 PM EDT) -- HOUSTON — A Texas appellate panel on June 30 reinstated a trial court’s ruling that awarded a combined $1,115,924.26 for damages and lost product revenues pertaining to a joint venture agreement between lease owners and a hydraulic fracturing company, concluding that “an overriding royalty interest can be considered ‘production revenues’” (Dernick Resources Inc. v. David Wilstein, et al., No. 01-13-00853, Texas App., 1st Dist., Houston; 2015 Tex. App. LEXIS 6684).
(Opinion available. Document #94-150714-020Z.)
David Wilstein and Leonard Wilstein were part of a joint...