Appellees are royalty owners under two separate oil and gas leases. Because the costs of separating the hydrogen sulfide were not deducted in the trial court's determination of market value at the well under the net-back method, the evidence does not support the trial court's determination of market value. The trial court's judgment is reversed and rendered. Eastland Court of Appeals, No. 11-10-00282-CV, 10-31-2012.
Occidental Permian Ltd. v. French
Tex. App. Dist. 11
November 5, 2012