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DORÉ ENERGY CORP. v. PROSPECTIVE INV. & TRADING

No. 08-30186.

570 F.3d 219 (2009)

DORÉ ENERGY CORP., Plaintiff-Appellee, v. PROSPECTIVE INVESTMENT & TRADING CO. LTD.; Atlantic & Gulf Petroleum Co., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

May 28, 2009.

Attorney(s) appearing for the Case

Patrick Donovan Gallaugher (argued), Richard E. Gerard, Jr., Scofield, Gerard, Singletary & Pohorelsky, Lake Charles, LA, Harry Alston Johnson, III, Phelps Dunbar, Baton Rouge, LA, for Doré Energy Corp.

Michael Vance Powell (argued), William Scott Hastings, Erik A. Marshall, Locke, Lord, Bissell & Liddell, LLP, Dallas, TX, for Defendants-Appellants.

Before SOUTHWICK and HAYNES, Circuit Judges, and ENGELHARDT, District Judge.

LESLIE H. SOUTHWICK, Circuit Judge:

The owners of the lease on which over twenty oil and gas wells were producing were sued by the mineral owners in those wells. The wells were scattered over a three square mile tract, which was all that was still subject to the oil and gas lease that had been executed over eighty years ago on more than 10,000 acres. The longevity of the lease has led to disagreements and to litigation. In 2002, earlier litigation was settled that...

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