Supreme Court of Texas

When royalty payments are based on market value under an oil and gas lease in Texas, the lessee owes royalties based on the price of gas on the open market, even though the gas was actually sold for more than this price.

Appellate Information

• Argued 04/04/2001
• Decided 06/21/2001
• Published 06/21/2001

Judges

• Chief Justice PHILLIPS delivered the opinion of the Court.

Court

• Supreme Court of Texas

Counsel

• For Appellant:
  
• Donato D. Ramos,Person Whitworth Ramos Borchers & Morales, Laredo, Dick Watt, Houston, for Petitioner.


• For Appellees:
  
• Charles R. Roberts, Jeffers & Bannack, San Antonio, for Respondent.