Cedyco Corp. v. PetroQuest Energy, LLC

EMILIO M. GARZA, Circuit Judge:

In this diversity case, PetroQuest Energy, LLC (“PetroQuest”) appeals the district court’s grant of summary judgment and award of damages in favor of Cedyco Corporation (“Cedyco”) on Cedyco’s claim that PetroQuest breached a contract to sell its working interest in two oil wells. Ce-dyco cross-appeals the award of money damages and argues that it is entitled to specific performance.

I

PetroQuest is a company engaged in oil and gas exploration and production. In November 2001, PetroQuest offered its working interest in two Louisiana oil wells for sale by auction at…