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MOBIL EXPLORATION & PRODUCING v. GRAHAM ROYALTY

No. 89-2238.

910 F.2d 504 (1990)

MOBIL EXPLORATION & PRODUCING NORTH AMERICA, INC., Appellee, v. GRAHAM ROYALTY LTD., Appellant, Petro-Lewis Funds, Inc., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided August 6, 1990.

Attorney(s) appearing for the Case

Thomas C. Walsh, St. Louis, Mo., for appellant.

Paul C. Crumpler, Jr., Magnolia, Ark., for appellee Petro-Lewis.

Winford L. Dunn, Jr., Texarkana, Ark., for appellee Mobil.

Before ARNOLD and FAGG, Circuit Judges, and ROSS, Senior Circuit Judge.

ROSS, Senior Circuit Judge.

Mobil Exploration & Producing North America, Inc. (Mobil) filed this action in equity against both Graham Royalty Ltd. (Graham) and Petro-Lewis Funds, Inc. (Petro) for breach of contract, requesting relief in the form of specific performance and damages.1 Mobil's claim was based upon the failure of Graham and Petro to grant to Mobil its preferential right of purchase under a Joint Operating Agreement. Graham...

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