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Gas Disputes

Tuesday, April 19, 2016

Mineral Royalties Lawsuits Rising from the Oil Bust


What is the value of CO2 in the oil sector?

There are vast numbers of mineral rights owners in the state of Texas and elsewhere in the Southwest, some of whom have been bringing lawsuits against energy producers for not paying the proper royalty compensation. Recently, a Denver resident, Jack Grynberg, was awarded $1.5 million by a Texas jury which found that ExxonMobil failed to act in good faith in connection with royalty payments for CO2 rights. Mr. Grynberg owns royalty rights on federal lands in southwest Colorado that has large reserves of the gas.


Read more . . .


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