Occidental Skirts $10.5M Award In Texas Royalties Row

Law360, Dallas (October 31, 2012, 10:40 PM EDT) -- A Texas appellate court on Wednesday reversed a $10.5 million judgment against Occidental Permian Ltd. and rendered a take-nothing judgment against West Texas landowners who said they were underpaid royalties, setting new precedent for how courts treat an alternative method of producing oil.

Occidental in 2001 began injecting oil wells on two West Texas properties with carbon dioxide to boost oil production, and ended up with a stream of natural gas that it then treated off-site to remove the carbon dioxide and make it a sellable...
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