First National Bank v. Pursue Energy Corp.

ON PETITION FOR REHEARING AND SUGGESTION FOR REHEARING EN BANC

(Opinion March 12, 1986, 5th Cir.1986, 784 F.2d 659)

Appellee First National Bank of Jackson, joined by Amicus,1 has petitioned for rehearing of this Court’s decision dated March 12, 1986. First National Bank of Jackson v. Pursue Energy Corp., 784 F.2d 659 (5th Cir.1986). The motion for rehearing is GRANTED, our previous decision is withdrawn, and the following decision is substituted.

The principal issue in this case is whether the district court properly held, on motion for summary judgment, that the oil, gas, and mineral lease at…