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PALACE EXPLORATION CO. v. LOUISIANA EXPLORATION AND DRILLING COMPANY

No. 01-CA-1063.

812 So.2d 100 (2002)

PALACE EXPLORATION COMPANY; Oil and Gas Title Holding Corporation; Craig J. Sceroler, Inc.; Adolph J. Ross; and Louis Gilbert and Associates, Inc. v. LOUISIANA EXPLORATION AND DRILLING COMPANY; Lance D. Gaulon; Laborde Investments and Properties, Inc.; Linda Chenevert; William "Bill" Wright; Sheppard Investments, L.L.C; Xell Oil and Gas, Inc.; Brett Miller; and Roy K. Saia.

Court of Appeal of Louisiana, Fifth Circuit.

February 13, 2002.

Attorney(s) appearing for the Case

Samuel E. Masur, Denis C. Swords, Joseph C. Giglio, Gordon, Arata, Mccollam, Duplantis & Eagan, Lafayette, LA, Attorneys for Plaintiffs/Appellees, (Palace Exploration Company).

Stephen P. Bruno, Bruno & Bruno, New Orleans, LA, Attorneys for Defendants/Appellees (Laborde Investments and Properties, Inc., Lender Chenevert, William Wright, Shepard Investments, LLC, Nick and Revon, Joseph C. Greener, PRJ, Inc., J & D Oil Investments, Inc. LLC, Xell Oil and Gas, Inc., Brett Millet, and Roy K. Saia).

Wade P. Webster, Middleberg Riddle & Gianna, New Orleans, LA, Attorneys for Defendants/Appellees, (Lance Gaulon and Louisiana Exploration and Drilling Company).

Panel composed of Judges SOL GOTHARD, MARION F. EDWARDS and SUSAN M. CHEHARDY.

SOL GOTHARD, Judge.

This lawsuit arises out of a joint venture for the exploration and production of oil and gas in St. John the Baptist Parish. Prior to trial, the parties submitted a comprehensive stipulation of facts, leaving for resolution three legal issues: whether plaintiffs were entitled to attorney fees and interest; whether plaintiffs were entitled to delay damages; and, whether defendants were entitled to a credit against any amount awarded. The trial court...

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