Law360, New York (October 26, 2012, 4:02 PM ET) -- The Texas Supreme Court on Friday revived an oil well operator’s bid to overturn a $1.7 million win for Exxon Mobil Corp. in a contract dispute over a leased-out oil well, saying the operator’s failure to respond to the suit wasn’t intentional.
According to the state high court, Milestone Operating Inc. and related company DSTJ LLP proved that their failure to answer Exxon’s suit over Milestone allegedly holding back royalties due under an oil well “farm-out” agreement was not deliberate. Thus, under Texas precedent, the companies...
Texas High Court Reboots Exxon Oil Royalty Dispute
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