TEXAS STANDARD OIL v. FRANKEL OFFSHORE

No. 14-11-00125-CV.

394 S.W.3d 753 (2012)

TEXAS STANDARD OIL & GAS, L.P., Grimes Energy Co., and Petroval, Inc, Appellants v. FRANKEL OFFSHORE ENERGY, INC., Appellee.

Court of Appeals of Texas, Houston (14th Dist.).

December 28, 2012.


Attorney(s) appearing for the Case

Charles A. Sharman , Bellaire, Robert M. Roach, Jr. , John Kim , Houston, TX, for Appellants.

Geoffrey Lloyd Harrison , Ashish Mahendru , Houston, TX, for Appellee.

Panel consists of Justices FROST, SEYMORE, and BOYCE.


MAJORITY OPINION

CHARLES W. SEYMORE, Justice.

Appellants, Texas Standard Oil & Gas, L.P. ("Texas Standard"), Grimes Energy Co. ("Grimes"), and PetroVal, Inc. ("PetroVal") [collectively "GTP"],1 appeal a judgment in favor of Frankel Offshore Energy, Inc. ("Frankel") in this suit arising out of the parties' failed venture for development of oil and gas prospects.

Frankel sued GTP seeking damages for various claims,...

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