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Joint Operating Agreement Appellate Courts

Vinson & Elkins LLP

A Texas Appellate Court Defines “Willful Misconduct” In A Model Form JOA In Apache Corp. v. Castex Offshore Inc.

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A Texas appellate court recently issued guidance on the meaning of “willful misconduct” in the exculpatory clause of a model form joint operating agreement (“JOA”). The exculpatory clause in many JOAs limits an operator’s...more

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