Legal Opinion
First Baptist Church v. Yates Petroleum Corp.
New Mexico Court of Appeals
Decided February 20, 2015No. Docket No. 33,632PublishedCited by 1 opinion
1Opinion of the Court
OPINION
VIGIL, Chief Justice.
The opinion filed on September 15,2014, is withdrawn, and the following is substituted for it. Defendant’s motion for rehearing is denied.
This case presents the issue of whether payees who are entitled to interest on suspended oil and gas production proceed payments can contract away their statutorily mandated interest payments. Defendant Yates Petroleum Company (Yates) argues that Petitioners are not entitled to interest on the funds pursuant to a provision in Yates’ standard form division order and marketing agreement (form division order), which was signed by…
2Cases cited11 opinions
- Sims v. SimsNew Mexico Supreme Court · 1996
- Quynh Truong v. Allstate InsuranceNew Mexico Supreme Court · 2010
- Berlangieri v. Running Elk Corp.New Mexico Supreme Court · 2003
- T.W.I.W., Inc. v. RhudyNew Mexico Supreme Court · 1981
- State Ex Rel. Miera v. ChavezNew Mexico Supreme Court · 1962
6 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- First Baptist Church of Roswell v. Yates Petroleum Corp.New Mexico Supreme Court · 2015