A Texas court of appeals recently upheld a lower court's award of $2 million to a producer for a regulatory taking imposed by the City of Houston via a permit revocation (see City of Houston v. Maguire Oil Company, et al., Fourteenth Court of Appeals, Case No. 14-09-00701-CV). The genesis of the taking - the misapplication of a local ordinance imposing drilling restrictions. For a copy of the case, see here.
Tags: Energy
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