OWL AssetCo1 v. EOG Resources

2025 Tex. Bus. 30
CourtTexas Business Court
DecidedAugust 11, 2025
Docket25-BC11B-0027
StatusPublished
Cited by2 cases

This text of 2025 Tex. Bus. 30 (OWL AssetCo1 v. EOG Resources) is published on Counsel Stack Legal Research, covering Texas Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
OWL AssetCo1 v. EOG Resources, 2025 Tex. Bus. 30 (Tex. Super. Ct. 2025).

Opinion

FILED IN BUSINESS COURT OF TEXAS BEVERLY CRUMLEY, CLERK ENTERED 8/11/2025

2025 Tex. Bus. 30

The Business Court of Texas Eleventh Division

OWL ASSETCO 1, LLC, § § Plaintiff, § § v. § Cause No. 25–BC11B–0027 § EOG RESOURCES, INC., § § Defendant. §

═══════════════════════════════════════════════════════ MEMORANDUM OPINION ═══════════════════════════════════════════════════════

[¶ 1] On July 25, 2025, the Court signed an order granting the Motion to Remand

(“Motion”) filed by Plaintiff OWL AssetCo1, LLC, (“OWL”) on June 9, 2025, and

submitted for consideration without oral argument on July 17, 2025. In the order, the Court

stated its written opinion explaining its ruling in further detail would be forthcoming. This

is the Court’s opinion.

I. BACKGROUND

[¶ 2] OWL and Defendant EOG Resources, Inc. (“EOG”) are businesses operating

in the oil and gas industry. EOG’s Resp. to Mot. (“Response”) ¶ 4. In this action, their

business relationship is governed by an agreement, signed on December 31, 2019, concerning the delivery and disposal of produced water and the parties’ respective

responsibilities. Pet. ¶¶ 10–14.

A. OWL’s Petition

[¶ 3] After incurring “millions of dollars” and “significant costs” remediating three

separate spills of produced water over a three-year span (the Fruit State, Cigarillo, and Bon

Bon spills), OWL sued EOG for breach of contract in the 152nd Judicial District Court of

Harris County, Texas, on April 9, 2025. Id. ¶¶ 15–20. OWL pleads that EOG breached the

provisions of an agreement obligating EOG to deliver produced water meeting certain

specifications and to reimburse and indemnify OWL for injury caused by EOG’s failure to

deliver produced water meeting these specifications. Id. ¶¶ 23–27. OWL seeks an award of

compensatory damages exceeding the district court’s jurisdictional minimum. Id. ¶¶ 3, 27,

29. That award is, at the very least, monetary relief of more than $1 million. Id. ¶ 7.

B. EOG’s Answer and Counterclaims

[¶ 4] On May 12, 2025, EOG answered and countersued for breach of contract and

declaratory judgment, asserting that the district court has jurisdiction over this action

because the amount in controversy exceeds $10 million. 1 Counterpetition ¶ 7. The amount

in controversy, according to EOG, encompasses the indeterminate millions of

compensatory damages pleaded by OWL and the specific monetary relief sought by EOG in

its breach-of-contract claim. Id. ¶¶ 8–9. For its breach-of-contract claim, EOG pleads that

because OWL breached the contract by failing to take dedicated volumes of produced water,

1 EOG has specially excepted to the relief sought by OWL, asking that OWL be required to specify the maximum amount claimed. Answer and Countercls. (“Counterpetition”) ¶ 4.

MEMORANDUM OPINION, Page 2 EOG is owed liquidated damages worth approximately $929,192.00 in credits. Id. ¶¶ 32–

34. Relatedly, EOG further alleges that “[o]ver the life of the [a]greement, if [OWL] does

not cure its breach, EOG is owed approximately $6,453,000 in credits….” Id. ¶ 34. For its

declaratory judgment claim, EOG does not seek a specific monetary amount of damages but

rather a declaration that Pilot is solely responsible for the spills and their remediation costs

and that EOG is neither responsible nor liable. Id. ¶¶ 26–28.

C. EOG’s Notice of Removal

[¶ 5] Later that same day, EOG removed the action to the Court without OWL’s

agreement. Notice of Removal (“Notice”) ¶ 9. EOG asserts that the Court has jurisdiction

pursuant to two statutory grounds: Sections 25A.004(d)(1) and (e) of the Texas

Government Code. Id. ¶¶ 1, 4–8. The Court has jurisdiction under subsection (d)(1)

assertedly because the action arises out of a qualified transaction. Id. ¶ 4. Relevantly, EOG

contends that the amount in controversy exceeds $10 million, citing in its Notice the same

pleaded damages cited in its Counterpetition in support of the district court’s jurisdiction:

OWL’s millions in compensatory damages and EOG’s millions in credits owed. Id. ¶¶ 5–6.

The Court has jurisdiction under subsection (e) purportedly because EOG seeks a

declaratory judgment concerning its rights under the parties’ agreement. Id. ¶ 8.

D. OWL’s Motion

[¶ 6] OWL filed its Motion on June 9, 2025. OWL argues that contrary to EOG’s

assertions, the Court lacks jurisdiction under subsections (d)(1) and (e). Motion, at 3, 6.

OWL contends that the Court lacks jurisdiction under subsection (d)(1) because the amount

in controversy is less than $10 million for two reasons. Id., at 3, 6–11. First, OWL maintains

MEMORANDUM OPINION, Page 3 that it seeks damages of approximately $8.22 million, the amount spent on remediating the

three spills. Id., at 3, 6–8. Second, OWL insists that the amount in controversy is

determined solely by its claims and, thus, that EOG’s counterclaims cannot be considered.

Id., at 3, 8–11. OWL further contends that the Court lacks jurisdiction under subsection (e)

because there is no underlying jurisdiction under subsection (d)(1), a prerequisite for

exercising jurisdiction under subsection (e). Id., at 3, 11–12.

E. The Parties’ Briefing

[¶ 7] The Court ordered the parties to discuss the effect, if any, of House Bill 40 on

the Court’s jurisdiction over this action in any additional briefing filed in support of their

respective positions. Order [6/16/2025], at 2. For an action arising out of a qualified

transaction under subsection (d)(1), H.B. 40 lowers the relevant amounts, including the

amount in controversy, from $10 million to $5 million. Act of June 1, 2025, 89th Leg.,

R.S., ch. 912, §§ 43, 45. The change in law becomes effective on September 1, 2025, and,

except for circumstances not existing here, applies to an action commenced on or after

September 1, 2024. Id. §§ 56, 72, 73.

[¶ 8] In its briefing opposing remand, EOG re-urges the argument that the amount

in controversy presently exceeds $10 million when the value of OWL’s claims and EOG’s

counterclaims, including its request for declaratory relief, are aggregated. Resp. ¶¶ 24–38;

Sur-reply ¶¶ 2–6. But EOG also raises the alternate argument that the Court, instead of

needlessly remanding this action, should stay this action until H.B. 40 takes effect and then

dismiss OWL’s Motion as moot. Resp. ¶¶ 39–43; Sur-reply ¶¶ 7–16.

MEMORANDUM OPINION, Page 4 [¶ 9] In its briefing supporting remand, OWL re-urges the argument that the amount

in controversy is presently less than $10 million because the parties’ claims, including

EOG’s unripe claim for a potential $6.5 million in future damages, cannot be aggregated

and, even if aggregated, are insufficient to meet the current jurisdictional threshold. Reply,

at 4–9; Final Reply, at 2–3. But OWL also raises the alternate argument that, because H.B.

40 would not confer jurisdiction until September 1, 2025, the Court lacks jurisdiction now

under existing law and has no choice but to remand. Reply, at 9–12; Final Reply, at 3–5.

II. JURISDICTION

[¶ 10] EOG asserts that the Court has jurisdiction over this action under Sections

25A.004(d)(1) and (e). Notice ¶¶ 1, 4–8. See TEX. GOV’T CODE ANN. §§ 25A.004(d)(1)

(establishing jurisdiction based on a qualified transaction), (e) (establishing jurisdiction

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Related

OWL Assetco I v. EOG Resources
2025 Tex. Bus. 47 (Texas Business Court, 2025)

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2025 Tex. Bus. 30, Counsel Stack Legal Research, https://law.counselstack.com/opinion/owl-assetco1-v-eog-resources-texbizct-2025.