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RANCHERS EXPLORATION & DEVELOPMENT v. MILES

No. 15373.

696 P.2d 475 (1985)

102 N.M. 387

RANCHERS EXPLORATION AND DEVELOPMENT CORP., a New Mexico corporation, and Chaco Energy Company, a New Mexico corporation, Plaintiffs-Appellants and Cross-Appellees, v. Robert H. MILES, d/b/a M & M Mining Company, an Individual, Defendant-Appellee and Cross-Appellant.

Supreme Court of New Mexico.

February 27, 1985.

Attorney(s) appearing for the Case

Leo Romero, Albuquerque, for plaintiff-appellant and cross-appellee Ranchers.

Rodey, Dickason, Sloan, Akin & Robb, Rex Throckmorton, Albuquerque, for plaintiff-appellant and cross-appellee Chaco Energy.

Marchiondo & Berry, Douglas G. Voegler, Albuquerque, for defendant-appellee and cross-appellant.

OPINION

STOWERS, Justice.

Ranchers Exploration and Development Corporation and Chaco Energy Company (Ranchers) appeal from a judgment awarding damages to Robert H. Miles, d/b/a M & M Mining Company (Miles), for lost profits resulting from a breach of contract and for severance taxes wrongfully withheld. Miles cross-appeals from the trial court's refusal to consider punitive damages. The judgment of the trial court is affirmed.

Ranchers presents...

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