Basin Operating Co. v. Valley Steel Products Co.

GUITTARD, Chief Justice.

This litigation began as a suit by Valley Steel Products Company against Basin Operating Company, Ltd. for a debt arising from Basin’s purchase of certain pipe used in drilling oil and gas wells. This claim is not disputed except with respect to Basin’s liability for prejudgment interest. The principal question in the case arises from Basin’s counterclaim for breach of warranty with respect to other pipe purchased by Basin from a third party, which, in turn, ordered it from Valley. Certain individuals designated “third-party plaintiffs” (although they are more nearly…