Potash Co. Wins Land Use Appeal Against Devon

Law360, New York (April 23, 2010, 5:31 PM EDT) -- A New Mexico appeals court has excluded a unit of oil giant Devon Energy Corp. from drilling in areas near those controlled by potash producer Mosaic Potash Carlsbad Inc. in a multimillion-dollar reversal of a district court decision that would have let the drilling go ahead.

New Mexico law does not, as Devon suggested, require an equitable split between the potash producers and oil companies, the New Mexico Court of Appeals said in a decision issued April 19.

The decision changes a permitting practice that has...
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