Manzano Oil Corp. v. Chesapeake Operating, Inc.

MEMORANDUM OPINION AND ORDER

DEATON, United States Magistrate Judge.

This matter comes before the Court upon Defendant’s Motion for Partial Summary Judgment filed July 27, 2001 (Doc. 28). Plaintiffs oppose the motion. Defendant (“Chesapeake”), seeks a declaratory judgment on an oil and gas lease finding that Defendant took action necessary under the lease to extend the primary term beyond its expiration date. For reasons discussed below I find that Defendant did take such action as was necessary to extend the term of the lease.

BACKGROUND

Plaintiffs and Defendant filed Agreed Stipulations with…