Credit: Ded Pixto/Adobe Stock $16M From a Laredo Jury? Yes. And $900K in Attorney Fees
"In a tantrum over this litigation that was unhinged from fact or law, Davenport told EOG in no uncertain terms that he was refusing to comply with the Water Purchase Agreement," defense attorney Corey Wehmeyer alleged in the counterclaims.
September 30, 2024 at 05:18 PM
4 minute read
What You Need to Know
- A ranch owner's interference with an oil and gas company's lease rights resulted in a $16 million verdict for the defendant energy company.
- The ranch owner alleged breach of contract, trespass, fraudulent inducement and other claims.
- EOG Resources convinced a jury it did not violate the terms of the lease and a separate water purchase agreement.
A state court jury in Laredo awarded up to $16 million to a Houston oil and gas exploration company and its legal counsel in a lawsuit over its rights to access and develop wells on a Webb County ranch.
Jurors also awarded up to $905,000 for attorney fees.
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