Freeze-Related Lease Litigation: The Growing Storm in the Oil Patch
Although its second anniversary is already upon us, Winter Storm Uri is only now beginning to manifest itself in lawsuits brought by royalty owners against operators and their working interest partners.
February 23, 2023 at 06:42 PM
6 minute read
Real EstateWinter Storm Uri was a natural disaster of epic proportions. It dumped record snowfall on Texas in February 2021, as millions across the state lost power. Gov. Greg Abbott issued a rare disaster declaration for all 254 counties. The Texas chapter of the American Society of Civil Engineers has projected that the ultimate cost of Uri could surpass $300 billion.
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