When Contract Language Costs Millions: Court Strikes Down Post-Closing Assignment 'Corrections'
Producer's Edge
JUNE 4, 2025
KEW Drilling (KEW) sold its interests in these leases to three buyers—ExL Petroleum Management, LLC (Callon's predecessor), Silverback Exploration, LLC, and Arris Delaware Basin, LLC—through contracts executed in 2015 with closings occurring between June 2015 and February 2016. Leach Builders, LLC v.
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