The Texas Supreme Court reversed an intermediate court of appeals, and favored the leaseholder in a force majeure dispute in a case of interest to the state’s oil and gas industry.
Conrad Hester, counsel for the plaintiff lessor Fort Worth-based Point Energy Partners Permian, said its dispute with lessee Matador Resources Co., or MRC Permian, was the first time the Supreme Court dealt with the force majeure doctrine in a substantive way, “particularly in the oil and gas context.”
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