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PALACE EXPLORATION CO. v. PETROLEUM DEVELOPMENT

No. 00-5118.

316 F.3d 1110 (2003)

PALACE EXPLORATION COMPANY, Plaintiff-Appellant, v. PETROLEUM DEVELOPMENT COMPANY, Defendant-Appellee.

United States Court of Appeals, Tenth Circuit.

January 6, 2003.

Attorney(s) appearing for the Case

Fred M. Buxton of Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C., Tulsa, Oklahoma, appearing for plaintiff — appellant.

Randall G. Vaughan (with J. Warren Jackman and John L. Randolph, Jr., on the brief) of Pray, Walker, Jackman, Williamson & Marlar, Tulsa, Oklahoma, for the defendant — appellee.

Before LUCERO and McWILLIAMS, Circuit Judges, and STAGG, District Judge.

STAGG, District Judge.

Plaintiff-appellant Palace Development Company ("Palace"), holder of a fifty percent non-operating interest in an oil and gas prospect in Pittsburg County, Oklahoma, brought this action seeking rescission of the exploration agreement and the joint operating agreement that established its partnership in the well with defendant-appellee Petroleum Development Company ("PDC"). Palace's original complaint...

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