Amoco Production Co. v. Texaco, Inc.

h COOKS, Judge.

This appeal involves a dispute over how interest on a judgment should be computed. Defendants, IMC Exploration Company and Mallinckrodt, Inc., argue the trial court erred in denying its motion seeking to reduce legal interest owed.

FACTS

Amoco filed a lawsuit against IMC Exploration Company and Mallinckrodt, Inc., contending they deliberately took action/inaction which led to the cancellation of leases that Amoco had previously assigned to them. After the cancellation of Amoco’s leases, the defendants acquired new leases directly from the landowners. A producing gas reservoir was…