Continental Oil Co. v. American Quasar Petroleum Co.

MEMORANDUM OPINION AND ORDER GRANTING SUMMARY JUDGMENT

BRIMMER, District Judge.

The Plaintiffs, Continental Oil Company (Conoco), as the lessee of two oil and gas leases covering 640 acres in Converse County, Wyoming, and Gulf Oil Corporation (Gulf), as the assignee of the lessee’s interest in an oil and gas lease of a 640 acre State school section in Converse County, Wyoming, entered into a formal agreement on August 17, 1973 with Chaparral Resources, Inc. (Chaparral), and on August 21, 1973 Chaparral contracted with American Quasar Petroleum Co. of New Mexico (American Quasar) to deliver the…