Holt Oil & Gas Corporation and Faywin Investments, Pty. Ltd., Plaintiffs-Counter v. Ralph L. Harvey, Defendant-Counter
Court of Appeals for the Fifth Circuit
1Opinion of the Court
JOHNSON, Circuit Judge:
Ralph Harvey appeals from the district court’s judgment in favor of Holt Oil & Gas Company (“Holt”) in this diversity action. Finding Harvey’s contentions unpersuasive, we affirm the judgment of the district court.
I
This lawsuit arises out of an ill-fated oil and gas drilling venture in northwestern Oklahoma. The plaintiff, Holt Oil & Gas Company, 1 is a Texas corporation with its principal place of business in Dallas. The defendant, Ralph Harvey, is an Oklahoma resident who is in the business of investing in oil and gas drilling ventures.
In 1981, Holt filed with the…
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