Texas West Oil & Gas Corp. v. El Paso Gas Transportation Co.

OPINION

STEPHEN F. PRESLAR, Chief Justice.

This is an appeal from a declaratory judgment action wherein El Paso Gas Transportation Company sued Texas West Oil & Gas Corporation and others for construction of a price redetermination provision in a natural gas purchase contract. The controversy centers on the meaning of the words “then being paid.” We affirm the judgment of the trial Court which held that those words had no trade or technical meaning within the industry, and that they should be given their plain and ordinary meaning.

On January 17, 1979, Appellants, as sellers of gas from a single…