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PRIDE EXPLORATION, INC. v. MARSHALL EXPLORATION, INC.

No. 85-2541.

798 F.2d 864 (1986)

PRIDE EXPLORATION, INC., et al., Plaintiffs-Appellants, v. MARSHALL EXPLORATION, INC., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

September 2, 1986.

Attorney(s) appearing for the Case

Harold Brown Cameron, Jr., Tyler, Tex., for plaintiffs-appellants.

Johnny R. McCollum, Dean A. Searle, Longview, Tex., for defendant-appellee.

Before GOLDBERG, WILLIAMS and DAVIS, Circuit Judges.

JERRE S. WILLIAMS, Circuit Judge:

In this diversity case, the district court held that appellee Marshall Exploration, Inc. (Marshall) was not in breach of a contract to purchase the working interest in oil and gas leases from appellants Pride Exploration, Inc. and others (Pride). The court found that Pride had failed to deliver the interest as required by the contract. Upon timely appeal by Pride, we reverse and remand for a new trial.

Pride had agreed to...

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