Power Energy Corporation v. Hess Bakken II, L.L.C.

CourtDistrict Court, D. North Dakota
DecidedMarch 30, 2021
Docket1:17-cv-00093
StatusUnknown

This text of Power Energy Corporation v. Hess Bakken II, L.L.C. (Power Energy Corporation v. Hess Bakken II, L.L.C.) is published on Counsel Stack Legal Research, covering District Court, D. North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Power Energy Corporation v. Hess Bakken II, L.L.C., (D.N.D. 2021).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NORTH DAKOTA Power Energy Corporation, a North ) Dakota Corporation; Altschuld Oil, ) L.L.C., a Colorado Limited Liability ) ORDER RE HEARING Company; Copperhead Corporation, a ) ON MOTION FOR North Dakota Corporation; Strata ) SUMMARY JUDGMENT Resources, Inc., a Colorado Corporation; ) AND SCHEDULING Michael S. Johnson, a Colorado Resident; ) Michael T. Fitzmaurice, a North Dakota ) Case No.: 1:17-cv-093 Resident; Patrick L. Butz, a North Dakota ) Resident; and Jacques F. Butz, a North ) Dakota Resident, ) ) Plaintiffs, ) ) vs. ) ) Hess Bakken Investment II, L.L.C., ) a Delaware Limited Liability Company, ) ) Defendant. ) The court will hear oral argument on the pending motion by defendant for summary judgment on the 8th day of April, 2021 at 9:00 A.M. CDT by conference call. In addition to holding argument, the court intends to set a trial date in the event the court denies the motion for summary judgment. Hence, the parties should be prepared to discuss how much time will be required for a trial and what dates are available. After reading the briefs and reviewing the record, the undersigned has a number of questions. Given the complexity of the agreements and transactions, the court thought it would be more productive to give advance notice of what some of the questions may be. To begin with, the court wants to make sure it correctly understands the two July 8, 2004 PSAs that are at issue. In putting pen to paper, a rough draft of the court’s understanding is as 1 follows: B. The Prima Group’s purchase of oil and gas leases from the Altschuld Group under the Altschuld PSA and from Strata under the Strata PSA 1. The Altschuld and Strata PSAs On July 8, 2004, Prima Exploration, Inc. (“Prima Exploration”), Gunlickson Petroleum, Inc., Niwot Resources, LLC, Cordillera Energy Partners II, LLC, Berry Ventures, Inc., and Strata Resources, Inc. (“Strata”) (collectively the “Prima Group”) entered into two separate purchase and sale agreements (“PSAs”) for the purchase of a number of oil and gas leases in Mountrail County, North Dakota. As relevant here, the sellers under the two PSAs owned oil and gas leases in areas that, in part, overlapped with each other. The two PSAs were similarly structured. Both included an Area of Mutual Interest Clause (“AMI Clause”) that was coordinated with and referenced the other PSA..

Plaintiffs Altschuld Oil, L.L.C. (“Altschuld Oil”), Powers Energy Corporation (“Powers Energy”), and Copperhead Corporation (“Copperhead”) were the sellers under the “Altschuld PSA” and will be collectively referred to as the “Altschuld Group.” (Doc. No. 30-1). The AMI delineated in the Altschuld PSA will be referred to as the “Altschuld AMI.” Plaintiff Strata Resources, Inc. (“Strata”) was the sole seller under the “Strata PSA.” (Doc. No. 30-2). It also was a buyer of 2% of the interest acquired by the Prima Group. The AMI specified in the Strata PSA will be referred as to the “Strata AMI.” 2. The Altschuld and Strata AMIs The Altschuld AMI encompassed the following lands in Mountrail County, North Dakota: Township 157 North, Range 91 West – All Township 157 North, Range 90 West – S½ Township 156 North, Range 92 West – All Township 156 North, Range 91 West – All Township 156 North, Range 90 West – All The Strata AMI was broader in reach. It encompassed the same lands as the Altschuld PSA as well the following additional land in Mountrail County: Township 155 North, Range 92 West – All Township 155 North, Range 91 West – All Township 155 North, Range 90 West – All (Doc. Nos. 30-1, p. 3; 30-2, p 2). 2 Under the AMI Clauses in both the Altschuld and Strata PSAs, the Prima Group had the right to purchase any new leases acquired by the sellers within one year following execution of the PSA within the AMI of the respective PSA. For any leases acquired by the Prima Group during the same one-year period, the Prima Group agreed to assign to the sellers an overriding royalty interest (“ORRI”) in percentages that varied depending upon where the newly-acquired leases were located and other criteria. More particularly, under the Altschuld PSA, an ORRI was due the Altschuld Group on newly-acquired leases that varied depending upon the distance from an existing Altschuld lease as follows: • 3% on newly-acquired leases located within one mile of an existing Altschuld lease • 1% on newly-acquired leases within the Altschuld AMI but greater than one mile from an existing Altschuld lease These percentages were subject to adjustment based upon the percentage of the total royalty burden imposed upon the Prima Group under a schedule set forth in the Altschuld PSA. Further, these percentages were subject to a further exception, which was that the ORRI would be only 0.5% for any lease acquired within the Altschuld AMI but within a mile of a Strata Lease and outside of a defined “Overlapping Area.” The apparent reason for the reduction to 0.5% was due to the Strata AMI also encompassing the lands covered by the Altschuld AMI and Strata being entitled to ORRI on the same newly-acquired lease acreage under the Strata PSA as discussed next. The Strata PSA’s AMI provisions were similar but somewhat different. The Strata PSA provided that Strata (as the seller) was entitled to a 3% ORRI for newly- acquired leases within the Strata AMI and located within a mile of an existing Strata Lease. Like the Altschuld PSA, this percentage was subject to adjustment depending upon the total royalty that would be born by the Prima Group. Unlike the Altschuld PSA, however, no ORRI was due under the Strata PSA for newly-acquired leases within the Strata AMI but more than a mile from an existing Strata Lease.

Finally, the Altschuld and Strata PSAs both included an “Overlapping Area of Interest” provision. Under this provision, the “Overlapping Area” was defined to be an area where “both parties’s [i.e., the Altschuld Group’s and Strata’s] leasehold interests . . . are located within a mile of the other.” Undoubtedly, the purpose for this provision was to deal with the fact that a 3% ORRI was due to each the Altschuld Group and Strata under their respective PSAs for newly-acquired leases within a mile of an existing lease. The solution to deal with this conflict was to provide that, for newly-acquired leases in the Overlapping Area, the ORRI was to be shared equally by the Altschuld Group and Strata. One of the questions will be whether the foregoing correctly reflects how the two PSAs operate, 3 including that there potentially could be multiple Overlapping Areas. Other questions the court will likely have include the following: • In addressing the question of whether the Altschuld PSA is ambiguous as claimed by plaintiffs, what is the significance of the fact this it may present several“part in part out” and “contiguous acreage” interpretation issues as described in 28 Rocky Mountain Law Institute 14 (1982), which was cited by the North Dakota Supreme Court in Golden v.

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Bluebook (online)
Power Energy Corporation v. Hess Bakken II, L.L.C., Counsel Stack Legal Research, https://law.counselstack.com/opinion/power-energy-corporation-v-hess-bakken-ii-llc-ndd-2021.