South Central Petroleum, Inc. v. Long Bros. Oil Co.
Court of Appeals for the Eighth Circuit
1Opinion of the Court
HEANEY, Senior Circuit Judge.
In this diversity action, Long Brothers Oil Company appeals the district court’s grant of summary judgment and order that South Central Petroleum and Jerry Sawyer pay Long Brothers Oil Company $62,627 in exchange for one-half ownership of an oil well. We affirm.
FACTS
In 1985, Long Brothers Oil Company (Long Brothers), along with several other investors, purchased Fouke (oil) Field in Miller County, Arkansas, from Phillips Petroleum Company (Phillips). As part of the transaction with Phillips, Long Brothers bought all but an 11.22 percent interest in a gas well…
2Cases cited6 opinions
- Harris v. RiveraSupreme Court of the United States · 1981
- Patterson v. HewittSupreme Court of the United States · 1904
- Sinclair v. United StatesSupreme Court of the United States · 1929
- Dennis Hurst and Joyce Hurst v. United States of America and Don HightCourt of Appeals for the Eighth Circuit · 1989
- Sanders v. FlennikenSupreme Court of Arkansas · 1929
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3Cited by3 opinions
- Catipovic v. TurleyDistrict Court, N.D. Iowa · 2014
- Nokes v. United States Coast GuardDistrict Court, D. Minnesota · 2003
- South Central Petroleum, Inc. v. Long Brothers Oil CompanyCourt of Appeals for the Eighth Circuit · 1992