Years after Amarillo lawyer Marty Jones started doing regulatory and litigation work for Dallas’ Mesa Water Inc., a T. Boone Pickens company, he helped negotiate the sale of the water company’s entire groundwater holdings for about $103 million.
Jones, a shareholder in Sprouse Shrader Smith, spent much of 2011 working on the transaction that closed Dec. 29, 2011. The Canadian River Municipal Water Authority (CRMWA) bought rights to 211,000 acres of surface water in the Panhandle owned or controlled by Mesa Water, amounting to about 4 trillion gallons of water.
