Equinor USA Onshore Properties v. Pine Resources, LLC
Court of Appeals for the Fourth Circuit
1Opinion of the Court
GREGORY, Chief Judge:
This appeal concerns a contractual obligation to "spud" three wells on a tract of land in West Virginia. The parties dispute whether the obligation to "spud" the wells is an obligation only to begin drilling or to complete the wells to the point of mineral production. Following a bench trial, the district court determined that the Purchase and Sale Agreement ("PSA") executed between Petitioner Pine Resources, LLC and the predecessor of Respondent Equinor USA Onshore Properties, Inc. f/k/a Statoil USA Onshore Properties, Inc. contains no requirement that the spudded wells…
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