Clk Company, LLC v. Cxy Energy, Inc.

CourtLouisiana Court of Appeal
DecidedDecember 19, 2007
DocketCA-0007-0834
StatusUnknown

This text of Clk Company, LLC v. Cxy Energy, Inc. (Clk Company, LLC v. Cxy Energy, Inc.) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Clk Company, LLC v. Cxy Energy, Inc., (La. Ct. App. 2007).

Opinion

STATE OF LOUISIANA COURT OF APPEAL, THIRD CIRCUIT

07-834

CLK COMPANY, L.L.C.

VERSUS

CXY ENERGY, INC.

************

APPEAL FROM THE FIFTEENTH JUDICIAL DISTRICT COURT PARISH OF VERMILION, NO. 72,370 HONORABLE KRISTIAN D. EARLES, DISTRICT JUDGE

MICHAEL G. SULLIVAN JUDGE

Court composed of Michael G. Sullivan, Glenn B. Gremillion, and Billy Howard Ezell, Judges.

AMENDED IN PART; AFFIRMED IN PART; AND RENDERED.

John M. McCollam Gordon, Arata, McCollam, Duplantis & Eagan 201 St. Charles Street, Suite 4000 New Orleans, LA 70170-4000 (504) 582-1111 Counsel for Plaintiff/Appellee: CLK Company, L.L.C.

Michael H. Rubin McGlinchey Stafford, PLLC One American Place, 14th Floor Baton Rouge, Louisiana 70825 (225) 383-9000 Counsel for Defendant/Appellant: CXY Energy, Inc. John Anthony Dunlap Carver, Darden, Koretzky, Tessier, Finn, Blossman & Areaux, L.L.C. 1100 Poydras Street, Suite 2700 New Orleans, Louisiana 70163 (504) 585-3800 Counsel for Defendant/Appellant: CXY Energy, Inc. SULLIVAN, Judge.

This is a suit for breach of contract. Plaintiff sued to obtain the assignment of

an overriding royalty interest, costs, expenses, including attorney’s fees, damages,

and interest. After a jury trial, judgment was rendered in favor of Plaintiff.

Defendant appealed, and Plaintiff answered the appeal. For the following reasons,

we amend the judgment of the trial court to award interest on the award of attorney’s

fees from the date of judgment, and we award attorney’s fees and costs for work

performed on this appeal, together with interest until paid. The judgment is affirmed

in all other respects.

Facts

CLK Company, L.L.C. (CLK) is a Louisiana consulting firm that generates

drilling prospects for oil and gas companies. In the early 1990s, CLK identified an

oil and gas prospect over a portion of Lac Blanc in Vermilion Parish. CLK primarily

provides contract services to Freeport-McMoran (McMoran), but McMoran allows

CLK to market prospects that it is not interested in pursuing to the oil and gas

industry at large.

In late 1992, the Louisiana State Mineral Board (Mineral Board) included a

substantial portion of CLK’s Lac Blanc prospect in a Notice of Proposed Lease Sale.

McMoran advised CLK that it was not interested in pursuing the Lac Blanc prospect,

and CLK began marketing the prospect to other exploration companies. CXY

Energy, Inc. (now known as Nexen Petroleum Corporation and hereinafter referred

to as Nexen) owned a small percentage of the seismic data CLK reviewed and

interpreted which contributed to CLK’s interest in Lac Blanc as a prospect, and CLK

contacted Nexen to see if it was interested in pursuing the prospect.

1 On December 4, 1992, CLK and Nexen entered into a Confidentiality

Agreement in which CLK agreed to provide geophysical and geological services to

Nexen in exchange for a 3.125% of 8/8ths overriding royalty interest, if Nexen

acquired an interest or the right to acquire an interest in its prospect. Nexen requested

and CLK agreed to two modifications of its proposed Confidentiality Agreement, i.e.,

reducing the term from two years to one year and excluding certain depths and areas

from the proposed prospect area.

The provision of the Confidentiality Agreement at issue here reads:

In order to protect CLK’s proprietary interest in the Evaluation Material disclosed pursuant to this agreement, if Recipient acquires (a) an interest in the Properties, or (b) a right to acquire an interest in the Properties, then Recipient agrees to assign to CLK, or its designees, a 3.125% of 8/8ths overriding royalty interest which shall be reduced proportionate to the interest actually acquired but shall not be reduced by subsequent backin or election made by a Farmor if applicable.

The Confidentiality Agreement did not set forth the form of the assignment or any

specific terms the assignment would include.

Lac Blanc is subject to special rules for bidding on state leases. Act 92 of 1942

provides that the lessee of a mineral lease over Lac Blanc must also execute a lease

over the same acreage from adjacent landowners and that the royalties paid under that

lease cannot “encroach upon or reduce the royalties to be paid to the State of

Louisiana.” The notice of the lease sale provided “Lessee must agree to enter into a

lease with Energy Development Corp. and Avrico, Inc. for one-half (½) the amount

(bonus, rental and royalty)” offered in the bid submitted to the Mineral Board. The

notice also included a copy of a letter from these two parties which stated they would

“grant to the State’s lessee an oil, gas and mineral lease for a consideration equal to

fifty percent (50%) of the amount to be paid to the State in cash payment money,

2 rentals and royalties, and in accordance with the provisions of the said Act No. 92 of

1942.”

On December 9, 1992, Nexen attended the Mineral Board’s lease sale and bid

on the Lac Blanc lease. On December 14, 1992, the Mineral Board and Nexen

entered into State Lease 14367, which covers a 600-acre portion of the prospect area

identified in the Confidentiality Agreement. Nexen submitted a winning bid, but the

terms of the bid rendered drilling on the lease economically unfeasible.

CLK representatives attending the December 4, 1992 meeting with Nexen’s

representatives testified that Nexen’s representatives were informed of the special

rules regarding bidding on Lac Blanc leases and were advised to contact a particular

Louisiana oil and gas attorney who is familiar with the rules. Apparently, Nexen’s

representatives ignored this advice. Nexen representatives admitted that CLK was

not at fault and did not contribute to the error.

Nexen began negotiating with the Mineral Board to correct its error. Pursuant

to the Mineral Board’s rules, it sought to replace Lease 14367 with an operating

agreement. As a result of Nexen’s negotiations, the State and Nexen released State

Lease 14367, and based on that release, the State entered into Operating Agreement

A0206 with Nexen on October 13, 1993. Operating Agreement A0206 included the

property covered by State Lease 14367 and two small additional, adjacent tracts

which were also located within CLK’s Lac Blanc prospect. The consideration for

Operating Agreement A0206 was the $110,000.00 bonus Nexen paid for Lease 14367

and an additional $35,268.00. Thereafter, Operating Agreement A0206 was amended

on May 11, 1994, at the request of Nexen to include two additional tracts; the stated

3 consideration for the amendment was the previous payments made by Nexen and an

additional $1,600.00.

Then, on October 5, 1994, Nexen released Operating Agreement A0206 and

entered into a new operating agreement, Operating Agreement A0217, with the State

to incorporate within one operating agreement the tracts identified in State Lease

14367 and Operating Agreement A0206 and an additional tract Nexen leased from

the State on March 14, 1994. The stated consideration for this new operating

agreement was the “bonus originally paid for State Lease 14367, Operating

Agreement A0206 and State Lease No. 14653” and an additional $80,544.00.

Nexen and CLK stipulated that Nexen was obligated to assign to CLK or its

designees overriding royalties as to State Lease 14367 and also as to State Operating

Agreement A0206 because both were acquired within one year of the Confidentiality

Agreement.

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