We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Conoco Asks Texas Justices To Apply Perpetuities Rule

Law360, Houston (December 5, 2017, 5:19 PM EST) -- Counsel for ConocoPhillips Co. and Burlington Resources Oil & Gas Co. LP told the Texas Supreme Court in oral arguments Tuesday that a lower appellate court “invented a legal fiction” when deciding an Eagle Ford Shale lease dispute and created uncertainty regarding legal title to the land.

ConocoPhillips appealed to the Texas Supreme Court in August 2016, arguing that the state's 13th Court of Appeals' May 2016 ruling adopted an interpretation of the Texas rule against perpetuities — which prohibits future property interests that could potentially...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.