Omega Energy Corporation and Gaston Kearby v. Gulf States Petroleum Corp.

CourtCourt of Appeals of Texas
DecidedApril 28, 2005
Docket13-03-00275-CV
StatusPublished

This text of Omega Energy Corporation and Gaston Kearby v. Gulf States Petroleum Corp. (Omega Energy Corporation and Gaston Kearby v. Gulf States Petroleum Corp.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Omega Energy Corporation and Gaston Kearby v. Gulf States Petroleum Corp., (Tex. Ct. App. 2005).

Opinion

NUMBER 13-03-275-CV

COURT OF APPEALS

THIRTEENTH DISTRICT OF TEXAS

CORPUS CHRISTI – EDINBURG


OMEGA ENERGY CORP.,                                                         Appellants,

v.

GULF STATES PETROLEUM CORP.,                                          Appellee.




On appeal from the 94th District Court

of Nueces County, Texas.





M E M O R A N D U M O P I N I O N


     Before Chief Justice Valdez and Justices Hinojosa and Castillo


                             Opinion by Chief Justice Valdez

          This case stems from a dispute over a contract to purchase a mineral lease. Appellant, Omega Energy Corporation, is appealing from the judgment of the trial court granting appellee, Gulf States Petroleum Corporation, damages in the amount of $44,891.04. We affirm.

I. Background

A. The Cody Lease Modifications

          Omega was the lessor of a mineral lease known as the “Cody Lease” located in Nueces County, Texas. In 1998, Omega and Gulf States entered into a written contract for the purchase of the Cody Lease. Under the original terms of the contract, Gulf States was to pay Omega $400,000 in cash by November 15, 1998.

          By November 5, ten days before performance was due, it had become clear that Gulf States would be unable to comply with the original agreement due to financial difficulties. The parties therefore entered into a written modification of the original agreement. Under the modification, Gulf States was to pay $150,000 by November 15 and the remaining $250,000 by December 15.

          On November 14, one day before performance was due, Gulf States again notified Omega that it would be unable to comply. The parties again modified the agreement and delayed the date of the original payment to November 20, although the entire purchase still was to be made by December 15.

          On December 15, having paid Omega only $150,000 of the purchase price, Gulf State failed to meet the deadline. In February 1999, the parties entered into another modification for the purchase of the lease. Gulf States agreed to pay bi-weekly installments of $10,000 until the remainder of the purchase price was met. Gulf States also agreed to pay an additional $30,000 by March 1, 1999; once this sum was paid, Gulf States would be entitled to commence workover on two currently inoperative wells located on the Cody lease property, denominated Cody #1 and Cody #2. Gulf States agreed to handle the workover on the wells solely at its own expense and using its best efforts to establish production. Between the date of the modification and the date Gulf States fully paid the purchase price of the lease, all revenues from the wells would be split evenly between Omega and Gulf States.

          Gulf States failed to comply with the provisions of the February 1999 modification, and again negotiated a new modification of the contract with Omega in June 1999. This final modification stated that Gulf States would pay Omega $10,000 in order to commence workover on either of the two Cody wells. Again, any revenue from the wells would be split between the parties until the balance of the contract was fulfilled.

          Following the June 1999 modification, Gulf States paid Omega $10,000 and commenced workover of the Cody #2 well. Michael Mitcham, Gulf States’ agent, also began preparing Cody #1 for production, although he claims this work never amounted to a complete workover requiring a second $10,000 payment.

B. The Stanford Agreement

          The following year, Omega sold a group of mineral leases to a third party, Stanford Petroleum, pursuant to a contract known as the “Stanford Agreement.” This agreement did not include the Cody Lease. At this point a dispute arose between Gulf States and Omega regarding their remaining obligations to each other. Gulf States maintained that the June 1999 modification included a provision that entitled Gulf States to assume the Cody Lease without further payment to Omega once the Stanford Agreement was finalized, due to Gulf States’ assistance of Omega in procuring the buyer for the properties involved in the Stanford Agreement. Omega asserted that the Stanford Agreement had no effect on the parties under the June 1999 modification.

          Gulf States consequently abandoned work on the Cody wells, and Mitcham removed and sold pumping equipment from Cody #2 that belonged to Omega. Omega subsequently lost the Cody Lease. Omega alleges the leases lapsed due to their non-productive state. Gulf States then brought a breach of contract suit against Omega, alleging fraud, deceptive trade practices and conversion and demanding that Omega convey the Cody Lease to it without further payment. A trial was held, and at the close of evidence Gulf States for the first time asked for rescission of the contract. Omega objected to the request for rescission as it had not been raised as an issue in the pleadings. The trial court overruled Omega’s objection.

          The trial court found that Omega did not breach the agreement as modified. In its findings of fact and conclusions of law, the court determined that the parties had not agreed in the June 1999 modification that upon the signing of the Stanford Agreement, Gulf States was entitled to the Cody Lease without paying the remaining balance of the purchase price. The court concluded, “No such meeting of the minds took place.” The trial court also found that no issue had been tried by consent of the parties. Ultimately, however, the trial court found that Gulf States was entitled to $59,000, representing the amount Gulf States paid to third-party contractors working on the Cody #1 and #2 wells.

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