McCarthy v. Evolution Petroleum Corp.

WEIMER, Justice.

| We granted certiorari to determine whether the appellate court’s recognition of a “novel and untested” cause of action comports with Louisiana mineral law. The purported cause of action imposes a duty on a mineral lessee purchasing the lessor’s mineral royalty rights to disclose to the lessor that the lessee has already negotiated the resale of the mineral rights to a third party for a significantly higher price. Finding the lessee’s duties upon which the appellate court premised its cause of action to be expressly excluded in the Mineral Code, we reverse the appellate…