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FIRST BAPTIST CHURCH v. YATES PETROLEUM

No. 33,632.

345 P.3d 310 (2015)

2015-NMSC-004

The FIRST BAPTIST CHURCH OF ROSWELL, The Historical Society for Southeast New Mexico, Inc., and The Roswell Woman's Club, Inc., individually and on behalf of a class of similarly situated persons and entities, Plaintiffs-Petitioners, v. YATES PETROLEUM CORP., a New Mexico corporation, Defendant-Respondent.

Supreme Court of New Mexico.

February 20, 2015.

Attorney(s) appearing for the Case

Sanders, Bruin, Coll & Worley, P.A., Kelly Mack Cassels , Roswell, NM, Looper, Reed & McGraw, P.C., James J. Ormiston , Houston, TX, for Petitioners.

Hinkle, Hensley, Shanor & Martin, L.L.P., Andrew J. Cloutier , Parker B. Folse , Roswell, NM, for Respondent.

A. Blair Dunn , Albuquerque, NM, Deborah J. La Fetra , Sacramento, CA, for Amicus Curiae Pacific Legal Foundation.

OPINION

{1} The opinion filed on September 15, 2014, is withdrawn, and the following is substituted for it. Defendant's motion for rehearing is denied.

{2} This case presents the issue of whether payees who are entitled to interest on suspended oil and gas production proceed payments...

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