Texas tycoon awarded $146M by jury in dispute over oil wells

 

November 25, 2016



PECOS, Texas (AP) — A jury has awarded oil tycoon T. Boone Pickens $146 million over a dispute related to ownership and revenues from more than 160 oil wells in two West Texas counties.

The jury in Pecos on Wednesday ruled in favor of Pickens' company, Mesa Petroleum Partners, after a three-week trial.

Pickens had claimed two Midland-based energy companies and one from Dallas had conspired to cheat him out of ownership interests and profits involving more than 160 wells in Reeves and Pecos counties.

Jay Rosser, a spokesman for Pickens, says the Texas tycoon maintained that Mesa's oil and...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Arc
Newsgram

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 03/28/2024 08:01