Judge: Oil Rights Holders Failed To Honor Refusal Provision In Contract
Mealey's (June 18, 2015, 4:31 PM EDT) -- PITTSBURGH — A federal judge in Pennsylvania on Sept. 17, 2014, ruled that a group that held royalties on oil and gas deposits had not honored the right-of-first-refusal provision in a contract with an energy company when they negotiated a separate contract with another hydraulic fracturing company (U.S. Energy Development Corporation v. L.E. Mallory, et al., No. 12-235, W.D. Pa.).
(Opinion available. Document #94-141014-011Z.)
U.S. Energy Development Corp. entered into a contract with L.E. Mallory LP, Henry A. Satterwhite Royalty Holdings LLC and Henry A....