DALLAS, July 22, 2021 /PRNewswire-PRWeb/ -- Attorneys from global law firm Greenberg Traurig, LLP secured a victory for Dallas-based Monadnock Resources, LLC and its subsidiary in a multimillion-dollar oil and gas development dispute.
"Over the course of the development, Monadnock Resources upheld its part of the agreement, and we are pleased that the court's ruling reflects that," said Matt Gentry, Monadnock Resources chief executive officer. "Thank you to Karl Dial and the GT team for their excellent legal representation."
The firm successfully represented Monadnock Resources before the 7th Court of Appeals in Amarillo. The dispute, brought by Big Hatchet, LLC in 2019, regarded a joint development agreement and whether Monadnock was legally obligated to sell the opposing party an interest in a 20-mile long saltwater transportation pipeline system. Prior to litigation, Monadnock offered Big Hatchet an opportunity to participate in the entire 20-mile pipeline, but Big Hatchet sued to be allowed to buy only the most profitable segments of the pipeline.
The matter was led by Greenberg Traurig Litigation Shareholder Karl G. Dial, who is based in the firm's Dallas office. Additional team members included Shareholder Elizabeth "Heidi" G. Bloch and Associate Allison M. Stewart.
"We are elated with the outcome and would like to thank the Monadnock Resources team for their continued trust," Dial said. "The court's ruling reinforced the importance of legal contracts and that working-interest owners cannot pick and choose to participate in only part of a pipeline."
Click on this link to read the court's opinion in Big Hatchet, LLC V. Monadnock Resources, LLC and Monadnock ATG, LLC [Case No. 07-19-00261-CV].
About Greenberg Traurig's Energy & Natural Resources Practice: Greenberg Traurig's Energy & Natural Resources Practice has broad transactional, regulatory, and litigation experience across most sectors of the energy industry, including oil and gas, LNG, electricity, coal, wind, solar and other renewable energy sources, and water. The firm's exceptional multi-office platform, including key offices in major energy centers, enables us to serve and implement legal strategies for energy clients throughout the U.S. and internationally.
About Greenberg Traurig, LLP – Texas: Texas is important to Greenberg Traurig, LLP and part of its history. With approximately 130 Texas lawyers in Austin, Dallas, and Houston, Greenberg Traurig has deep roots in the Texas business, legal, and governmental communities. Greenberg Traurig Texas works with clients to address their interdisciplinary legal needs across the state utilizing the firm's global platform. The Texas attorneys are experienced in industries key to the state's future, including: aviation, chemicals, construction, education, energy and natural resources, financial institutions, health care, hedge funds, hospitality, infrastructure, insurance, media, medical devices, pharmaceutical and biotechnology, real estate, retail, sports, technology and software, telecommunications, transportation, and video games and esports.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: http://www.gtlaw.com
Lourdes Brezo Scholl, Greenberg Traurig, 212-801-2131, BrezoSchollL@gtlaw.com
SOURCE Greenberg Traurig