Legal Opinion
Alameda Corp. v. Transamerican Natural Gas Corp.
Texas Court of Appeals, 14th District (Houston)
Decided July 3, 1997No. 14-96-00044-CVPublishedCited by 18 opinions
1Opinion of the Court
OPINION
O’NEILL, Justice.
TransAmerican Natural Gas Corporation (“TransAmerican”) 1 and El Paso Natural Gas Co. (“El Paso”) were parties to a long term gas purchase contract under which El Paso agreed to take or pay for gas produced by TransAmerican. When the market took a dramatic downturn, a dispute arose between the parties over their contractual obligations. El Paso ultimately paid TransAmerican some $360 million in exchange for a release of its obligations under the contract. In connection with the settlement, El Paso relinquished its right to recoup gas paid for but not taken. Alameda…
2Cases cited15 opinions
- Nixon v. Mr. Property Management Co.Texas Supreme Court · 1985
- Montgomery v. KennedyTexas Supreme Court · 1984
- Jones v. StraussTexas Supreme Court · 1988
- Lenape Resources Corp. v. Tennessee Gas Pipeline Co.Texas Supreme Court · 1996
- Exxon Corp. v. MiddletonTexas Supreme Court · 1981
10 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Transcontinental Gas Pipeline Corp. v. Texaco, Inc., Texas Court of Appeals, 1st District (Houston)2001
- Jn Exploration & Production v. Western Gas Resources, Inc., Jn Exploration & Production v. Western Gas Resources, Inc.Court of Appeals for the Eighth Circuit · 1998
- Lincoln Property Co. v. Kondos, Texas Court of Appeals, 5th District (Dallas)2003
- Williamson v. Elf Aquitaine, Inc.Court of Appeals for the Fifth Circuit · 1998
- Tana Oil and Gas Corp. v. Cernosek, Texas Court of Appeals, 3rd District (Austin)2006
13 more not listed; retrieve them via the Exa API.