CORAL PROD. CORP. v. CENTRAL RESOURCES

No. S-05-564.

730 N.W.2d 357 (2007)

273 Neb. 379

CORAL PRODUCTION CORPORATION, a Colorado corporation, and KJJ Corp., a Wyoming corporation, Plaintiffs and Third-Party Defendants, Appellants, v. CENTRAL RESOURCES, INC., Defendant and Third-Party Plaintiff, EXCO Resources, Inc., a Texas corporation, and Paul Zecchi, an individual person, Defendants, and James P. Chonka, Inc., a dissolved Colorado corporation, et al., Third-Party Defendants, Appellees.

Supreme Court of Nebraska.

April 20, 2007.


Attorney(s) appearing for the Case

R.K. O'Donnell, of McGinley, O'Donnell, Reynolds & Edwards, P.C., L.L.O., Ogallala, and Steven F. Mattoon, of Matzke, Mattoon & Miller, Sidney, for appellants.

Scot W. Anderson and Andrea Wang, of Davis, Graham & Stubbs, L.L.P., Denver, CO, for appellees Central Resources, Inc., and Paul Zecchi.

Richard P. Marshall, Jr., of Scott, Douglass & McConnico, L.L.P., Austin, TX, for appellee EXCO Resources, Inc.

Donald J. Tedesco, Sidney, for appellees Central Resources, Inc., Paul Zecchi, and EXCO Resources, Inc.

HEAVICAN, C.J., WRIGHT, CONNOLLY, GERRARD, STEPHAN, McCORMACK, and MILLER-LERMAN, JJ.


HEAVICAN, C.J.

NATURE OF CASE

This action arises out of disputes between oil and gas companies that were or are fractional working interest owners of oil and gas assets in Nebraska under a joint operating agreement (JOA). When Central Resources, Inc. (Central), the operator under the JOA, put all of its oil and gas assets up for sale, Coral Production Corporation (Coral) claimed it had a preferential right under the JOA to purchase Central's Nebraska assets...

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