VKHH attorney Rob Vartabedian represented Point Energy Partners Permian in a dispute before the Texas Supreme Court involving leases signed by another company – MRC Permian — to develop oil and gas wells in a six-square-mile area of Loving County. The lease required MRC to start a new well every 180 days, and if the deadline was missed the agreement was to be automatically terminated.
The lease had a force majeure clause that could delay the drilling deadline under specific circumstances, but Point alleged that MRC was trying to improperly apply that clause as a reason for its failure to drill. The Texas Lawbook covered the arguments before the Court, which ultimately reversed an intermediate court of appeals in favor of Point.
