Gas Exploration Company Sues Fracking Operator For Share Of Oil And Gas Assets

Mealey's (June 18, 2015, 3:18 PM EDT) -- HOUSTON — An oil and gas exploration company on Nov. 25 filed a complaint in the U.S. District Court for the Southern District of Texas against a hydraulic fracturing company, contending that it has breached its contract by not offering the exploration company an opportunity to purchase a proportionate share of oil and gas assets the exploration company says it is due under a contract with a previous company (Energy & Exploration Partners LLC v. New Gulf Resources LLC, No. 14-03375, S.D. Texas).

(Complaint available. Document...
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