Texas Panel Reviews $89M Eagle Ford Accounting Fraud Row

By Katie Buehler (October 7, 2021, 5:27 PM EDT) -- Repsol Oil and Gas sought to convince a San Antonio appeals court Thursday it's entitled to a new trial after getting hit with an $89 million judgment in an Eagle Ford Shale royalty fight, while a working interest owner argued for the damages figure to be higher. 

Working interest owners including Matrix Petroleum LLC urged a Fourth Court of Appeals panel to correct what they claim are multiple errors in a La Salle County District Court judgment issued in May 2018. Matrix, for example, claims the judge wrongly reduced a jury's September 2017 verdict awarding it nearly $100 million in damages against Repsol...

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