Coushatta Bayou Land Co. v. Goodrich Petroleum Co. (In re Goodrich Petroleum Corp.)

Marvin Isgur, UNITED STATES BANKRUPTCY JUDGE

Coushatta Bayou Land Company, LLC entered into a mineral lease with Goodrich Petroleum Company, LLC in February 2010. (ECF No. 39-2 at 8 ). The terms of the lease provided Coushatta with royalty payments that are free from the costs of production. However, the royalty clause contains an exception: the parties must share production costs from "unaffiliated third parties" in which Goodrich does not have a "beneficial interest." (ECF No. 38 at 4 ). Coushatta and Goodrich dispute the interpretation of this provision. Coushatta argues that its royalty…