Goodrich Petroleum Co. v. MRC Energy Co.

PAUL A. BONIN, Judge.

[jTwo petroleum producing companies, Matador Resources Company and Goodrich Petroleum Company, LLC, entered multi-faceted, agreements by which they could elect to jointly engage in oil explora*202tion projects. The prominent feature, for our purposes, of those agreements was the parties’ broad and unconditional agreement to submit any and all disagreements they might have with each other to binding arbitration. The parties agreeably submitted their disagreement over how to calculate contributions under the Louisiana Risk Fee Statute on three wells. By further agreement, they…