Royalty Asset Holdings II, LP v. Bayswater Fund III-A LLC, No. 08-22-00108-CV, 2023 WL 2533169 (Tex. App.—El Paso Mar. 15, 2023, no pet. h.) (mem. op.)

Royalty Asset Holdings II, LP v. Bayswater Fund III-A LLC, No. 08-22-00108-CV, 2023 WL 2533169 (Tex. App.—El Paso Mar. 15, 2023, no pet. h.) (mem. op.)

Successfully reversed a trial court’s order granting summary judgment in case involving royalties owed under oil and gas lease.  Discussing the legacy of the 1/8th royalty in Texas law and the estate misconception theory, the court determined that the language of a 1924 Deed reserved a floating royalty interest, not a fixed royalty interest, and remanded the case to determine the amount of damages owed to the firm’s client.

Rick Thompson, Partner