Texaco, Inc. v. Fox

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• determining whether depreciation of equipment was a proper item of expense in determining profitability of the well
• construing “thereafter” in a deed in tire sáme manner as it is commonly understood in an oil and gas lease
• stating the production of a 'well should be considered over a sufficient period' of time to reflect the current production status of a lease and to provide the information a prudent operator would take into account in deciding whether to continue the operation
• thirteen years is too long; the trial court erred in viewing each year individually rather than cumulatively
• but noting an unreasonably long period could use past glories to distort the result in a manner which is not reflective of the current lease status

Source: CourtListener parenthetical corpus (CC0).