Clovelly Oil Co. v. Midstates Petroleum Co., LLC

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Through a series of assignments, Clovelly Oil Company and Midstates Petroleum Company, LLC, were parties to a 1972 joint operating agreement (JOA). The issue before the Supreme Court was whether a lease acquired by Midstates in 2008 was subject to the provisions of the JOA. Upon review, the Court found that the lease in question was not subject to the JOA, and reversed the appellate court and reinstated the trial court's ruling.View "Clovelly Oil Co. v. Midstates Petroleum Co., LLC" on Justia Law