Texas High Court: Company That Withheld Fracking Royalties Still Honored Contract

Mealey's (June 6, 2018, 12:13 PM EDT) -- AUSTIN, Texas — A divided Texas Supreme Court on June 1 affirmed a lower court’s summary judgment ruling in favor of a hydraulic fracturing company in a lease dispute, concluding that the company did not fail to comply with the offset provision in the mineral lease it had entered with two landowner couples when it elected to drill a well rather than pay royalties (Murphy Exploration and Production Company v. Shirley Adams, et al., No. 16-0505, Texas Sup., 2018 Tex. LEXIS 454)....