Texas oil company denies wrongdoing in Idaho royalty lawsuit

BOISE, Idaho (AP) — A federal lawsuit filed by Idaho mineral rights owners over royalty payments should be dismissed, a Texas-based oil and natural gas company said in court documents.

Alta Mesa and other companies associated with it in court documents filed Wednesday deny any wrongdoing involving oil and gas leases in southwestern Idaho.

The initial lawsuit filed in Idaho's Third District Court in May said the company underpaid natural gas royalties to leaseholders by altering royalty accounting methods.

Alta Mesa moved the lawsuit to federal court because the various companies being sued were organized under Texas or Delaware laws, and none of the partners of the companies are Idaho residents.

Read more: https://www.idahostatejournal.com/news/state/texas-oil-company-denies-wrongdoing-in-idaho-royalty-lawsuit/article_3ec8400d-c9e8-5efb-971c-f3d26a85cbb4.html