Panel Remands Mineral Rights Case, Says Owners Were ‘Insufficiently Compensated’

( January 7, 2025, 2:48 PM EST) -- NEW ORLEANS — A panel of the Fifth Circuit U.S. Court of Appeals on Jan. 6 partially affirmed and partially reversed and remanded a complex and protracted dispute over mineral rights, ruling that although the district court correctly ruled that the mineral lease in question conveyed a gross proceeds royalty based on extrinsic evidence, the district court’s award of prejudgment interest and royalty damages “insufficiently compensated” landowners for their losses....