Texas Supreme Court July 15, 1981, B-9483 (First National Bank in Weatherford, Texas v. Exxon Corp.)

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United States · · · 15-07-1981

GREENHILL, Chief Justice.

This is a suit to recover allegedly deficient royalty payments. The question presented is whether gas sales in the intrastate market constitute comparable sales for the purpose of determining the value of gas dedicated to the interstate market. The trial court held that the two were not comparable, and a majority of the Court of Civil Appeals agreed. 597 S.W.2d 783.

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