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Royalty Disputes
White Operating Company v. Bank of America, N.A.
U.S. District Court, Northern District of Texas
3:23-CV-0525-S
resolved
White Operating Company sought $2.6 million from Bank of America for Oklahoma hydrocarbons sold to Murphy Energy Corporation in summer 2016, after Murphy failed to pay and subsequently entered bankruptcy. The Northern District of Texas granted summary judgment to the bank, resolving claims under Oklahoma's Oil and Gas Owners' Lien Act and common law theories arising from Murphy's credit relationship with the bank.