Texas Supreme Court Holds That Production Payments Were Properly Withheld as a Matter of Law When a Future Event Could Have Affected Distribution of Those Payments
The Energy Law
JUNE 9, 2023
In Freeport-McMoRan Oil & Gas LLC v. 1776 Energy Partners, LLC , — S.W.3d 22-0095, 2023 WL 3556695 (Tex. The dispute originated from certain joint operating agreements executed by Ovintiv and 1776 Energy, under which Ovintiv was the operator, to develop and produce minerals from oil and gas leases in Karnes County, Texas.
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