Legal Opinion
Enduro Operating LLC v. Echo Prod., Inc.
New Mexico Supreme Court
Decided February 15, 2018No. S-1-SC-36225PublishedCited by 2 opinions
1Opinion of the Court
CHÁVEZ, Justice.
*868 {1} Echo and Enduro are two of several parties to a joint operating agreement (JOA). Under the JOA, Echo, as a party wishing to undertake a new drilling project, had to provide notice of the proposed project to the other parties to the JOA, who then had thirty days to decide whether to opt in or out of the project. By opting in, a party agrees to share in the cost and risk of the project. If a party opts out of the project-as Enduro did in this case-then the party is deemed "non-consenting," and is exempt from any of the cost or risk associated with the new project, but…
2Cases cited17 opinions
- Self v. United Parcel Service, Inc.New Mexico Supreme Court · 1998
- Nearburg v. Yates Petroleum Corp.New Mexico Court of Appeals · 1997
- State v. ReyesNew Mexico Supreme Court · 2002
- Strata Production Co. v. Mercury Exploration Co.New Mexico Supreme Court · 1996
- Allen v. LeMasterNew Mexico Supreme Court · 2011
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3Cited by2 opinions
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- Motiva Performance Engineering, LLCUnited States Bankruptcy Court, D. New Mexico · 2023