Texas Business Court Bars $10M+ Recovery in Off-Lease Drilling Case on Privity Grounds Despite Waiver Breach

Texas Business Court dismissed over $10 million in lost revenue claims in Permian Basin off-lease drilling waiver dispute, holding that operator Slant Operating had contractual standing but suffered no damages while affiliated mineral owner Slant Holdings sustained all economic losses but lacked contract privity. The ruling leaves only drilling redesign costs recoverable, illustrating how corporate separation between operating entities and mineral owners can preclude recovery when counterparties breach protective agreements.