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CROSBY-MISSISSIPPI RESOURCES, LTD. v. PROSPER ENERGY CORP.

No. 91-1486.

974 F.2d 612 (1992)

CROSBY-MISSISSIPPI RESOURCES, LTD., Plaintiff-Appellant/Cross Appellee, v. PROSPER ENERGY CORPORATION, et al., Defendants-Appellees/Cross Appellants.

United States Court of Appeals, Fifth Circuit.

October 8, 1992.

Attorney(s) appearing for the Case

Harold D. Miller, Jr., Daniel G. Hise and John C. Henegan, Butler, Snow, O'Mara, Stevens & Cannada, Jackson, Miss., for appellant.

Barry H. Powell, Thomas, Price, Alston, Jones & Davis, Jackson, Miss., for appellees.

Before, BROWN, GARWOOD and EMILIO M. GARZA, Circuit Judges.

JOHN R. BROWN, Circuit Judge:

Crosby-Mississippi Resources, Ltd. (CMR) brought this action to recover royalty payments alleged to be due pursuant to a joint operating agreement (JOA) executed between CMR and the defendants (collectively Prosper). Following a bench trial, the district court, finding that Prosper had committed a unilateral mistake in its interpretation of the agreement, rescinded the JOA and dismissed CMR's complaint for damages. CMR appeals this judgment...

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