This case is about a grease-gun and oil company that started in Texas and wanted to open another(prenominal) in West Virginia. An agreement was reached between Alliance and TXO that grant the latter the rights to the development. TXO received a title opinion that indicated that in that respect was incredulity as to whether or not a 1958 consummation had, in fact, conveyed Tug Forks interest to a third party. The question then was how to resolve that problem, and TXO obtained a quitclaim deed from the telephone receiver of the rights in order to be in a set up to ensure that if it began to drill well... drill a well on that property and, in fact, successfully uncovered oil or gas, that it would be able to take that oil and gas complete of any claims by this third party. So, TXO filed its quitclaim deed, and then filed a declaratory judgment action seeking to have the several(prenominal) rights of the parties resolved.
Respondents counterclaimed in that lawsuit for slander of title based all on TXOs action in recording the quitclaim deed and sought both compensatory damages and the punitive award. The case went spikelet and forth for a long time but in the end they did not give up 10 meg dollars to the state of West Virginia. I agree with this because they filed a collect and did everything right and there was no one hurt or killed during the process of digging up oil and gas so there for it went smoothly and they got away clean.If you want to get a full essay, order it on our website: Orderessay
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