|
|
News Breaks | | | | March 20, 2013 | | 06:04 EDT |  | MPO | Midstates Petroleum receives favorable Louisana Supreme Court ruling
Midstates Petroleum has received a favorable unanimous opinion from the Louisiana State Supreme Court regarding the company’s litigation with Clovelly Oil Company, which alleged that the company is subject to an unrecorded Joint Operating Agreement dated July 16, 1972, as the result of the company’s 2007 purchase of working interests in certain acreage in the Pine Prairie field. The Louisiana Supreme Court unanimously ruled that the 1972 JOA does not apply to any leases acquired by Midstates after that date and that the JOA only applies to leases which were owned by the parties to the 1972 JOA at the time it was originally executed. | |
|
News For MPO From The Last 14 Days Check below for free stories on MPO the last two weeks. |
|
|
| There are no results for MPO |
|
|
|
|
|
|
