Young Refining Corp. v. Pennzoil Co.

OPINION

SCHNEIDER, Chief Justice.

This is an appeal from a summary judgment entered in favor of defendants/appel-lees, Pennzoil Company (“Pennzoil”) and Southland Oil Company (“Southland”) on claims filed by plaintiff/appellants, Young Refining Corporation (‘Young Refining”) and Bass Pecan Company (“Bass Pecan”), which stemmed from the alleged breach of a long-term oil supply contract. The case before us involves issues of: (1) choice of law; (2) appellants’ third party beneficiary status to the purported contract; (3) the definition of a farmout agreement; and (4) Mississippi antitrust law. We…