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PURSUE ENERGY CORP. v. ABERNATHY

No. 2009-CA-01794-SCT.

77 So.3d 1094 (2011)

PURSUE ENERGY CORPORATION v. Nancy Carol Garrett ABERNATHY, Nancy G. Abernathy, Anne M. Ballantyne, Stephen P. Ballantyne, Black Warrior Minerals, Inc., Erma Boyd, John L. Burwell, Jr., John L. Burwell, Jr. Children's Trust, Laura Jean Garrett Butler, Mark C. Butler, Ralph C. Butler, Barbara Ann White O'Connell Byrd Trust, Doris F. Callender, Mary Mortimer Campbell Children's Trust # 2, Chainco, Inc., Homer Cummings, Sid Davis, Marie I. Fairchild Lit, Marie I. Fairchild Trust, W.R. Fairchild Construction, W.R. Fairchild Construction, LLC, Wiley Fairchild, Harrison S. Ford, Gary Darwin Garrett, Georgia L. Jenkins Glisson, Barbara Ann Cooper Haley, Erin Hargroder, Chris Hemeter Life Estate, W.D. Hilton, Carroll Ingram, Mary C. Jenkins, Velma R. Jenkins, Janet White Johnston, James T. Kendall, W. Baldwin Lloyd, A.W. Magruder, A.W. Magruder, Jr., J.D. Mashburn and Wife, James D. Mashburn, Marie McKay Mashburn, Edwin D. Moore, Glenn G. Mortimer, Glenn G. Mortimer, Jr. L/E, Mortimer Group, Piney Woods School, Robert S. Pirtle, Lottie Dent Potter, Mary Helen Garrett Shealy, R.H. Sims, Jr., Rudy H. Sims, Jr. and Larry A. Sims, James B. Sykes, Jr., Barbara Walters Thompson, MD, Grady Hamilton Vaughn, Miriam H. Whitsett and Wirt A. Yerger.

Supreme Court of Mississippi.

Rehearing Denied February 2, 2012.

Attorney(s) appearing for the Case

Paul Stephenson , William F. Ray , Jackson, G. David Garner , Raleigh, attorneys for appellant.

C. Victor Welsh, III , Crimes G. Pittman , Marcus M. Wilson , Jackson, Charles Frank Fair Barbour , Ernest G. Taylor, Jr. , attorneys for appellees.

Before CARLSON, P.J., PIERCE and KING, JJ.

KING, Justice, for the Court:

¶ 1. This Court must determine whether an oil company can deduct reasonable processing and investment costs from the payments made to royalty owners. If so, we must determine whether Mississippi Code Section 53-3-39 is applicable in calculating the damages owed to royalty owners for unreasonable deductions. We affirm the chancellor's holding that reasonable processing and investment costs may be deducted from royalty owners' payments...

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