Texas Supreme Court Decides 'Force Majeure' Dispute in Oil and Gas Law
Several of the state's largest private lessors, led by Black Stone Minerals LP, filed an amicus defending Point Energy.
April 24, 2023 at 04:18 PM
4 minute read
Contractual Disputes
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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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