Clovelly Oil Co. v. Midstates Petroleum Co.

JOHNSON, C.J.*

hBy virtue of a series of assignments, Clovelly Oil Co., LLC (“Clovelly”) and Midstates Petroleum Co., LLC (“Mid-states”) are now parties to a 1972 joint operating agreement (“JOA”). We granted this writ application to determine whether a lease acquired by Midstates in *1902008 is subject to the provisions of the JOA.1 Answering that question in the negative, we reverse the ruling of the court of appeal and reinstate the ruling of the trial court.

FACTS AND PROCEDURAL HISTORY

A JOA is a contractual agreement between interested parties for the operation of a tract or leasehold for…