Pride Exploration, Inc. v. Marshall Exploration, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
JERRE S. WILLIAMS, Circuit Judge:
In this diversity case, the district court held that appellee Marshall Exploration, Inc. (Marshall) was not in breach of a contract to purchase the working interest in oil and gas leases from appellants Pride Exploration, Inc. and others (Pride). The court found that Pride had failed to deliver the interest as required by the contract. Upon timely appeal by Pride, we reverse and remand for a new trial.
Pride had agreed to deliver the full 100 percent of the working interest in certain Texas oil and gas leases to Marshall in exchange for $48,487.50. The leases…
2Cases cited10 opinions
- Exxon Corp. v. Atlantic Richfield Co.Texas Supreme Court · 1984
- Magee v. YoungTexas Supreme Court · 1946
- Creosoted Wood Block Paving Co. v. McKayCourt of Appeals of Texas · 1919
- Bennett v. Virginia Ranch, Land, & Cattle Co.Court of Appeals of Texas · 1892
- Atlantic Richfield Co. v. Exxon Corp.Court of Appeals of Texas · 1983
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3Cited by3 opinions
- In the Matter of Topco, Inc., Debtor. River Production, Co., Inc. v. Jack M. Webb, TrusteeCourt of Appeals for the Fifth Circuit · 1990
- McKean v. McBrideCourt of Appeals of Utah · 1994
- In Re Ham Consulting Co./William Lagnion/JVUnited States Bankruptcy Court, W.D. Louisiana · 1992