Oil and gas producers are at odds with land and mineral owners over a recent Texas Supreme Court decision, and are disputing whether producers can continue to deduct post-production costs from certain uses of extracted natural gas.
March 20, 2024 at 04:26 PM
4 minute read
Texas Supreme Court justices heard argument on an oil and gas lease issue that stymied the U.S. Court of Appeals for the Fifth Circuit and has Texas mineral owners and energy producers butting heads.
Land and mineral owners have raised a novel challenge that is based on their reading of a state supreme court 2021 decision, Bluestone Nat. Res. II LLC v. Randle.
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