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RENAISSANCE ALASKA v. RUTTER AND WILBANKS

No. S-13839.

263 P.3d 35 (2011)

RENAISSANCE ALASKA, LLC, Appellant, v. RUTTER AND WILBANKS CORPORATION, Appellee.

Supreme Court of Alaska.

October 28, 2011.

Attorney(s) appearing for the Case

David J. Mayberry and Kyle W. Parker , Crowell & Moring LLP, Anchorage, for Appellant.

Patrick B. Gilmore , Atkinson, Conway & Gagnon, Anchorage, for Appellee.

Before: CARPENETI, Chief Justice, FABE, WINFREE, CHRISTEN, and STOWERS, Justices.

OPINION

FABE, Justice.

I. INTRODUCTION

Renaissance Resources Alaska, LLC (Renaissance) partnered with Rutter and Wilbanks Corporation (Rutter) to develop an oil field. Acting together, Renaissance and Rutter acquired a lease to the entire working interest and the majority of the net-revenue interest of the field.1 Renaissance and Rutter, along with Arctic Falcon Exploration, LLC (which is not involved in this...

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