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10th Circuit: Energy Company Has Assignable Right In Drilling Contract Dispute

(November 2, 2016, 1:19 PM EDT) -- DENVER — A panel of the 10th Circuit U.S. Court of Appeals on Sept. 21, ruling on two consolidated appeals dealing with contractual agreements pertaining to land rights for hydraulic fracturing, reversed a district court’s ruling and concluded that the energy company that had purchased rights, title and interests in a drilling project — excluding overriding royalty interests — from the initial owner possessed an assignable right (U.S. Energy Development Corporation, et al. Stephens Energy Group LLC, Nos. 15-6188 and 15-6215, 10th Cir.).

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