How Texas' Water Rights Case May Affect Oil And Gas Cos.
January 11, 2013, 12:29 PM EST
Law360, New York (January 11, 2013, 12:29 PM EST) -- The Texas Supreme Court recently issued an important decision addressing a groundwater rights question that had gone unanswered for more than a century. In Edwards Aquifer Authority v. Day, the court held that Texas property owners have an actual ownership interest in the groundwater beneath their property.
While this holding does not directly address oil and gas issues, it may well affect the industry because petroleum production activities are frequently water-intensive. This is especially true in fracking work, which can require millions of gallons of water...