Author Topic: Texas landowners win $24M in royalties case  (Read 414 times)

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Online Elderberry

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Texas landowners win $24M in royalties case
« on: July 10, 2021, 08:31:15 pm »
Houston Chronicle by Paul Takahashi 7/9/2021

Thousands of South Texas landowners and their lawyers have won a $24 million settlement over improperly calculated oil and gas royalties.

Judge Keith Ellison of the U.S. District Court for the Southern District of Texas in Houston this month signed the final agreement between Spanish oil giant Repsol and more than 2,700 affected royalty owners in the Eagle Ford shale basin of South Texas. The royalty owners filed a class action lawsuit in 2016 against Talisman Energy over improperly calculated royalties from 2013 to 2016. Repsol in 2015 acquired Talisman Energy for $8.3 billion. 

Under the settlement, Repsol will pay landowners 100 percent of the underpaid oil and gas royalties. The settlement also includes more than $9 million in attorneys fees to Provost Umphrey, the law firm that represented the royalty owners.

More: https://www.houstonchronicle.com/business/energy/article/Texas-landowners-win-24M-settlement-over-16303909.php

Offline catfish1957

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Re: Texas landowners win $24M in royalties case
« Reply #1 on: July 10, 2021, 08:34:58 pm »
 happy77 happy77 happy77 happy77

I hope these reviews of calculations drifts northwards.

Of course half of it will go into Walter Umphrey's pocket anyway.
« Last Edit: July 10, 2021, 08:35:52 pm by catfish1957 »
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.