Ross Explorations, Inc. v. Freedom Energy, Inc.

LAVENSKI R. SMITH, Justice.

Appellant, Ross Explorations, Inc. (“Ross”), seeks reversal of a declaratory judgment obtained by Appellee, Freedom Energy, Inc. (“Freedom”). Following a hearing, the Sebastian County Chancery Court declared that Freedom possessed the lease rights to natural gas produced from the Dill “A” #1 gas well. The trial court found that the Ross leases expired due to the well failing to produce gas in commercial paying quantities. The court further found that later leases which Freedom acquired from the lessors entitled Freedom to the gas subsequently produced after the…