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N.M. jury orders 1-cent judgment against Devon Energy

Potash company in New Mexico has little to show for court victory over Oklahoma City-based Devon Energy Corp., over a mistake in a drilling project.
By The Associated Press Modified: April 3, 2014 at 7:42 pm •  Published: April 3, 2014

— A potash mining company won its lawsuit against Oklahoma City-based Devon Energy Corp. over a mistake in a New Mexico drilling project, but a jury awarded just one cent in damages.

The award for Plymouth, Minn.-based Mosaic Co. in its suit against Devon was made Wednesday in state District Court in Carlsbad.

The Carlsbad Current-Argus reports that lawyers for the companies declined to comment on the jury’s decision as they left the courthouse.

Mosaic’s 2010 lawsuit alleged that Devon drilled in an area where a federal review found that drilling would interfere with Mosaic’s potash mining.

Mosaic claimed that Devon’s misplaced drilling had caused substantial damage.

The jury ruled that Devon’s drilling was negligent but the jurors awarded only one cent in damages.