Texas Court Reverses Harleton Win In $232M Oil and Gas Fight

By Jess Krochtengel (July 7, 2017, 9:03 PM EDT) -- A Texas appellate court on Friday threw out an oil company's win in a complex, multiparty dispute over the ownership rights to a Haynesville Shale property that was bought by a Chesapeake Energy Corp. unit as part of a $232 million deal.

Reversing a trial judge's decision, the Sixth Court of Appeals said Harleton Oil & Gas Inc. is time barred from bringing an unjust enrichment claim tied to the disputed ownership of mineral interests for a 680-acre tract called the Geisler Gas Unit No. 1 and should recover nothing. Chesapeake Louisiana LP had bought mineral rights for the Geisler unit...

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