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HONDO OIL AND GAS CO. v. TEXAS CRUDE OPERATOR, INC.

No. 91-8176.

970 F.2d 1433 (1992)

HONDO OIL AND GAS COMPANY, Plaintiff-Appellant-Cross Appellee, v. TEXAS CRUDE OPERATOR, INC., Defendant-Third Party Plaintiff-Appellee-Cross-Appellant, v. ATLANTIC RICHFIELD COMPANY, Third Party Defendant-Appellant-Cross-Appellee.

United States Court of Appeals, Fifth Circuit.

September 3, 1992.

Attorney(s) appearing for the Case

James A. Gillespie, Harold L. Hensley, Jr., Hinkle, Cox, Eaton, Coffield & Hensley, Midland, Tex., for plaintiff-appellant.

Thomas R. Scott, Dale K. Strauss, Shane Spear, Bullock, Scott, Neising & Owens, Midland, Tex., for appellee.

Before POLITZ, Chief Judge, and WILLIAMS, Circuit Judge, and FELDMAN, District Judge.

JERRE S. WILLIAMS, Circuit Judge:

Texas Crude Operator, Inc. and Atlantic Richfield Company entered into three operating agreements for oil properties in Texas. Many years later, the companies began disputing whether they had modified the accounting procedure of the contract. Atlantic Richfield withheld money that it considered it was overcharged. Atlantic Richfield subsequently sold its interest to Hondo Oil and Gas Company. Hondo Oil and Gas brought suit when it...

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