Exxon Corp. v. Goodrich

liCOOKS, Judge.

Defendants, Hugh R. Goodrich, Thomas E. Berry and Priscilla G. Rea, own mineral, royalty and leasehold working interests in the Bayou Postillion Field in Iberia Parish, Louisiana, and in other fields in Louisiana and Texas. Defendants and plaintiff, Exxon Corporation, are parties to a Joint Operating Contract (JOC), dated January 1, 1956. The JOC governed the operation of the Bayou Postillion Field. Exxon served as operator under the JOC until December 31, 1991, when it transferred operations to a third party.

*18The JOC provided Exxon, as operator, would charge the joint account…