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EAST TEXAS SEISMIC DATA v. SEITEL DATA

No. 01-5023.

279 F.3d 915 (2002)

EAST TEXAS SEISMIC DATA, LLC, an Oklahoma company; and Capmac Eighty-Two Limited Partnership, an Oklahoma limited partnership, Plaintiffs-Appellants, v. SEITEL DATA, INC., a corporation; and First Seismic Corporation, a corporation, Defendants-Appellees, and Santa Fe Energy Resources, Inc., a corporation; and IMC Global Inc., a corporation, Defendants.

United States Court of Appeals, Tenth Circuit.

February 5, 2002.

Attorney(s) appearing for the Case

Robert Kenneth Pezold (Dennis A. Caruso and Joseph C. Woltz with him on the briefs) of Pezold, Caruso, Barker & Woltz, Tulsa, OK, for Plaintiffs-Appellants.

James M. McGraw (D. Scott Funk with him on the brief) of Looper, Reed & McGraw, Houston, TX, for Defendants-Appellees.

Before, SEYMOUR, McKAY, and MURPHY, Circuit Judges.

McKAY, Circuit Judge.

This dispute arises out of the licensing of seismic information. Three entities entered into a joint venture agreement to collect seismic data for sale or license. The three original entities were Adobe (owning 37.5%), McMoRan (owning 50%) and McKenzie (owning 12.5%). Eventually East Texas became the owner of the 12.5% ownership interest. Then, First Seismic obtained Adobe's and McMoRan's share of the joint venture (87.5%), which it later sold...

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