West Texas landman files for bankruptcy

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A West Texas landman filed for bankruptcy on Jan. 27, the day after he was ordered to pay $8.5 million to Smith Energy Co. for fraud and breaching …

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Posted: Thursday, February 5, 2015 10:13 am | Updated: 10:15 am, Thu Feb 5, 2015.

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A West Texas landman filed for bankruptcy on Jan. 27, the day after he  was ordered to pay $8.5 million to Smith Energy Co. for fraud and breaching his fiduciary duty, according to a press release.

Mark P. Hardwick, who listed an Austin address on the bankruptcy petition, had worked in Midland, according to the release. He filed the Chapter 11 petition for bankruptcy protection in the U.S. Bankruptcy Court for the Western District of Texas.

Judge Rick Morris of the 121st District Court in Brownfield ordered the landman to pay Houston-based Smith Energy $8.5 million in compensatory damages and attorneys’ fees following a jury verdict that Hardwick breached his fiduciary duty and committed theft and fraud related to his agreement to obtain and manage leases in West Texas for Smith Energy, according to the release.

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Posted in on Thursday, February 5, 2015 10:13 am. Updated: 10:15 am.

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first published: 2015-02-04 16:18:45