Stable Energy, L.P. v. Newberry

MARILYN ABOUSSIE, Chief Justice.

This is a breach of contract case involving appellant Anchor Operating Company’s operation of Knape Well # 1 (hereinafter the “Knape Well”), which is located in the Knape Unit, and appellant Stable Energy, LJP.’s conduct as lessee of the Knape Unit. The Knape Unit is a 160-acre tract derived from three oil, gas, and mineral leases in Fayette County. Both Anchor and Stable defended the breach of contract claims on the theory that a dispute existed regarding appellees’ entitlement to proceeds from the sale of oil and gas from the Knape Well. The trial court…