Two companies tied to a Dallas investor filed a federal lawsuit to lift a moratorium in an ongoing East Texas water dispute, alleging a groundwater district has illegally blocked their efforts to extract water from beneath land they own.
This is the latest legal action taken in a growing battle over groundwater resources in East Texas.
Kyle Bass, a venture capitalist and owner of Redtown Ranch Holdings LLC and Pine Bliss LLC, is seeking to end a moratorium on large-scale water extraction projects imposed by the Neches & Trinity Valleys Groundwater Conservation District. The lawsuit, filed through Redtown Ranch and Pine Bliss, argues that the conservation district violated the constitutional rights of Bass and his companies by denying access to water beneath the land and also seeks an undisclosed amount of compensation…