Amount in Controversy Determined at Filing, Not by Future Legislation: Business Court Remands Oil & Gas Dispute Below $10 Million Threshold

In OWL Assetco1 v. EOG Resources, the Business Court granted remand after EOG removed an oil and gas contract dispute from Harris County district court, with OWL seeking compensatory damages exceeding $1 million for remediating three produced water spills and EOG counterclaiming for approximately $929,192 in liquidated damages. The court's forthcoming written opinion will explain in detail why it concluded the case should be remanded to state district court.