Legal Opinion
Plains Exploration & Production Company v. Torch Energy Advisors Incorporated
Texas Supreme Court
Decided June 15, 2015No. 13-0597PublishedCited by 147 opinions
1Opinion of the CourtJustice Guzman
Chief Justice Hecht, Justice Green, Justice Willet, Justice Lehrmann, Justice Boyd, Justice Devine and Justice Brown joined.
This conventional contract-interpretation dispute is set against the backdrop of a complex regulatory regime governing exploration and development of oil and gas reserves in lands. under federal waters. At issue is the proper construction of a 1996 purchase and sale agreement in which Torch Energy Advisors Inc. sold its leasehold interests in undeveloped oil and gas fields located outside territorial waters off the coast of California. Certain tangible and intangible…
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3Cited by147 opinions
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