Mineral Royalty Owners Sue Denton, TX

A group of mineral royalty owners has sued the city of Denton, claiming that the city’s moratorium on fracking is a violation of their property rights.

The AP reports that “Denton lawyer Charles Chandler Davis filed a lawsuit in Denton County earlier this month on behalf of Arsenal Minerals and Royalty, NASA Energy Corp. and his son’s trust fund, claiming more than $1 million in damages.”

Recently, the Denton City Council voted to extend the moratorium until January 20, 2015. If a permanent ban is approved by voters in November, the law would take effect January 21.

A permanent fracking ban in Denton would result in $251.4 million in lost gross product over the next 10 years and would likely result in more costly lawsuits against the city.