Production in Paying Quantities: Second Circuit Holds Lower Courts Must Consider All Relevant Factors, Not Just Profit
The Energy Law
MARCH 3, 2016
EP Energy E&P Co., The Middleton plaintiffs filed suit in 2013 claiming that three mineral leases maintained by a unit well had terminated because the well failed to produce in paying quantities for a 41-month period from August 1991 to December 1994. 50,300-CA (La. for the 41-month period. over the 41 months, an average of $70.87
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