Equinor USA Onshore Properties, Inc. v. Pine Resources, LLC

The parties dispute whether the obligation to "spud" three wells on a tract of land in West Virginia was an obligation only to begin drilling or to complete the wells to the point of mineral production. The Fourth Circuit affirmed the district court's holding that the Purchase Sale Agreement executed between the parties contained no requirement that the spudded wells be completed to production. The court also affirmed the district court's conclusion that Pine Resources failed to prove that it sustained any damages. View "Equinor USA Onshore Properties, Inc. v. Pine Resources, LLC" on Justia Law