Texas High Court To Hear ConocoPhillips' Royalty Dispute

Law360, Houston (June 16, 2017, 5:45 PM EDT) -- The Texas Supreme Court on Friday agreed to hear oral arguments in a case where ConocoPhillips Co. argues a lower appellate court “invented a legal fiction” in deciding an Eagle Ford Shale oil and gas lease dispute, creating uncertainty regarding legal title to the land.

Conoco, in an August 2016 petition seeking high court review in the royalty ownership dispute, argued a May 2016 ruling from the state's 13th Court of Appeals adopted an interpretation of the Texas rule against perpetuities — which prohibits future property...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.