Company: 10th Circuit Must Reverse Royalty Ruling, Contract ‘Wrongly Interpreted’

( August 6, 2024, 2:47 PM EDT) -- DENVER — An oil and gas company on Aug. 5 filed a reply brief in the 10th Circuit U.S. Court of Appeals arguing that it should reverse a hydraulic fracturing royalty ruling because the lower court wrongly interpreted a 50% obligation portion of the future royalty calculation method in the fracking contract to mean that an energy company is limited in the royalties it pays to the oil and gas company....