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DAVIS OIL CO. v. STEAMBOAT PETROLEUM CO.

No. 90-CA-419.

570 So.2d 495 (1990)

DAVIS OIL COMPANY v. STEAMBOAT PETROLEUM COMPANY.

Court of Appeal of Louisiana, Fifth Circuit.

Rehearing Denied December 17, 1990.

Writ Granted February 22, 1991.

Attorney(s) appearing for the Case

Matthew J. Randazzo, III, Vernon L. Terrell, Jr., Lapeyre, Terrell & Randazzo, New Orleans, for plaintiff-appellant.

L. Linton Morgan, Robert L. Redfearn, Judy Perry Martinez, New Orleans, for defendant-appellee.

Before GRISBAUM, DUFRESNE and WICKER, JJ.

GRISBAUM, Judge.

This appeal concerns an oil company's right to recover in cash a proportionate share of drilling costs. We reverse.

ISSUE

The sole issue presented is whether the trial court erred in its finding that defendant's obligation to pay its proportionate share of drilling costs is limited to reimbursement from the proceeds of production, even though the defendant was an "active participant" in...

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