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PARKER & PARSLEY PETROLEUM v. DRESSER INDUSTRIES

Nos. 91-8194, 91-8460.

972 F.2d 580 (1992)

PARKER & PARSLEY PETROLEUM CO., et al., Plaintiffs-Appellees, Cross-Appellants v. DRESSER INDUSTRIES, et al., Defendants-Appellants, Cross-Appellees, and BJ-TITAN SERVICES COMPANY, et al., Defendants-Third Party Plaintiffs-Appellants, Cross-Appellees, v. Gary LANCASTER, a/k/a Gary "Zeke" Lancaster, Third Party Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

September 3, 1992.

Attorney(s) appearing for the Case

Charles R. Dunn, Christopher C. Pappas, Dunn, Kacal, Adams, Pappas & Law, Houston, Tex., James P. Boldrick, Boldrick & Clifton, Midland, Tex., Russell H. McMains, William V. Dorsaneo, III, McMains & Constant, Corpus Christi, Tex., Mike A. Hatchell, Donald W. Cothern, Andy G. Navarro, Molly H. Anderson, Ramey, Flock, Jeffus, Crawford, Harper & Collins, Tyler, Tex., for Dresser.

Roger Townsend, Fulbright & Jaworski, Houston, Tex., Keith A. Jones, Fulbright & Jaworski, Washington, D.C., Ronald D. Secrest, Beck, Redden & Secrest, Houston, Tex., for Baker Hughes Prod. Tools, Inc. and BJ-Titan, et al.

Jack N. Price, Price & Williams, Austin, Tex., for Lancaster.

Deborah G. Hankinson, Jerry P. Jones, William T. Hankinson, James M. Underwood, Lisa A. Schumacher, G. Luke Ashley, Thompson & Knight, Dallas, Tex., John A. "Jad" Davis, Jr., Kemp, Smith, Duncan & Hammond, Midland, Tex., for Parker & Parsley, et al.

Mark G. Yudof, Dean and Professor of Law, Univ. of Texas School of Law, Austin, Tex., for BJ-Titan, et al. in No. 91-8460.

Before SMITH and EMILIO M. GARZA, Circuit Judges, and RAINEY, District Judge.

JERRY E. SMITH, Circuit Judge:

On behalf of itself and the other interest-holders in 523 West Texas oil wells, Parker & Parsley Petroleum Company ("Parker & Parsley") filed suit in federal district court against Dresser Industries, Inc., Titan Services, Inc., BJ Services U.S.A., Inc., BJ-Hughes Holding Company, Baker Hughes Production Tools, Inc., and Baker Hughes Incorporated (hereinafter collectively "Dresser"), charging that Dresser defrauded Parker &...

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