Texas High Court Takes $10M Carbon-Injection Royalty Fight

Law360, Dallas (January 15, 2014, 8:13 PM EST) -- The Texas Supreme Court said Wednesday that it would review property owners’ $10 million natural gas valuation dispute with Occidental Permian Ltd. in a case that contests whether oil and gas companies can subtract the cost of carbon dioxide injection from mineral royalties.

The court will hear oral arguments Feb. 5 in the suit brought by a group of royalty owners from the Cogdell Canyon Reef Unit oil field. The plaintiffs claim they were underpaid because Occidental charged them for production services performed by a Kinder...
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