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WHITE v. ATLANTIC RICHFIELD CO.

No. 90-35701.

945 F.2d 1130 (1991)

Lonney H. WHITE, Jr.; Connie J. White, Plaintiffs-Appellants, v. ATLANTIC RICHFIELD COMPANY, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided October 1, 1991.

Attorney(s) appearing for the Case

Robert J. Waller, Veeder & Broeder, Billings, Mont., for plaintiffs-appellants.

Kyle A. Gray, Holland & Hart, Billings, Mont., for defendant-appellee.

Before D.W. NELSON, NOONAN and T.G. NELSON, Circuit Judges.

T.G. NELSON, Circuit Judge:

Lonney and Connie White seek damages arising from Atlantic Richfield's (ARCO) failure to reassign a gas and oil lease. The dispute involves the calculation of the market value of the lease and whether the Whites must prove that a specific market for the lease existed at the time of the breach.

FACTS AND PROCEEDINGS BELOW

The Whites negotiated a five-year oil exploration lease with a Mr. Jarecki, the owner of a parcel of...

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