New Mexico Jury Gives 1-Cent Damage Award

By | April 21, 2014

A potash mining company won its lawsuit against an oil and gas company over a mistake in a New Mexico drilling project but a jury awarded just one cent of damages.

The award for Plymouth, Mass.-based Mosaic Co. in its suit against Oklahoma City-based Devon Energy Corp. was made earlier this month in state District Court in Carlsbad.

Lawyers for the companies declined to comment on the jury’s decision as they left the courthouse.

Mosaic’s 2010 suit alleged that Devon drilled in an area where drilling would interfere with Mosaic’s potash mining and that Devon’s misplaced drilling had caused substantial damages. The jury ruled that Devon’s drilling was negligent but the jurors only awarded the one cent of damages.

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Insurance Journal West April 21, 2014
April 21, 2014
Insurance Journal West Magazine

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