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Taylor Energy Co v. L&L Oil Company Inc, et, 96-30354 (1997)

Court: Court of Appeals for the Fifth Circuit Number: 96-30354 Visitors: 11
Filed: Apr. 21, 1997
Latest Update: Mar. 02, 2020
Summary: UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT _ No. 96-30354 _ TAYLOR ENERGY COMPANY; BANK ONE TEXAS N A, Bank One Texas National Association, Plaintiffs - Appellees - Appellants, versus L&L OIL COMPANY, INC. ET AL., Defendants, FALCON DRILLING COMPANY, INCORPORATED; FALRIG OFFSHORE LIMITED, Defendants - Appellants, ANR PIPELINE COMPANY; COASTAL GAS MARKETING COMPANY Defendants - Appellees. _ Appeal from the United States District Court for the Eastern District of Louisiana (95-CV-673-D)
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UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT _______________________ No. 96-30354 _______________________ TAYLOR ENERGY COMPANY; BANK ONE TEXAS N A, Bank One Texas National Association, Plaintiffs - Appellees - Appellants, versus L&L OIL COMPANY, INC. ET AL., Defendants, FALCON DRILLING COMPANY, INCORPORATED; FALRIG OFFSHORE LIMITED, Defendants - Appellants, ANR PIPELINE COMPANY; COASTAL GAS MARKETING COMPANY Defendants - Appellees. ______________________________________________________________________________ Appeal from the United States District Court for the Eastern District of Louisiana (95-CV-673-D) ______________________________________________________________________________ April 10, 1997 Before JONES, STEWART, and DENNIS, Circuit Judges. PER CURIAM:* * Pursuant to Local Rule 47.5, the court has determined that this opinion should not be published and is not precedent except under the limited circumstances set forth in Local Rule 47.5.4. The court has considered the appellants’ position in light of the briefs and pertinent portions of the record. Having done so, we find no reversible error of fact or law and affirm for essentially the reasons stated by the district court. The district court did not abuse its discretion in declining to marshal the security held by Bank One and to require the bank to foreclose other properties before taking recourse against Taylor Energy’s interest in the Block 51 Lease. As a basis for affirming the dismissal of these two parties, we note that Coastal Gas Marketing Company and ANR agreed through their counsel at oral argument to disburse payments to Bank One following final judgment in this case for the proceeds of production attributable to Taylor Energy Company’s interest in the leased property in question. AFFIRMED.
Source:  CourtListener

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