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PEIRONNET v. MATADOR RESOURCES CO.

No. 47,190-CA.

103 So.3d 445 (2012)

Cynthia Fry PEIRONNET and Elizabeth Fry Franklin, Plaintiffs-Appellants v. MATADOR RESOURCES COMPANY, Defendant-Appellee.

Court of Appeal of Louisiana, Second Circuit.

August 1, 2012.

Attorney(s) appearing for the Case

Davidson, Jones & Summers by Randall S. Davidson , Allison A. Jones , Grant E. Summers , Shreveport, LA, Wm. Lake Hearne Jr. , for Cynthia Fry Peironnet, Elizabeth Fry Franklin, Eleanor Baugnies de St. Marceaux, Cynthia F. Peironnet Family, L.L.C., and Small Fry, L.L.C., Plaintiffs/Appellants.

Phelps Dunbar LLP, Baton Rouge, LA, by H. Alston Johnson III , Daina Bray , Porter & Hedges by Eugene M. Nettles , M. Harris Stamey , Ottinger Hebert, L.L.C., Lafayette, LA, by Patrick S. Ottinger , David K. McCrory , for Petrohawk Properties, L.P. and Petrohawk Operating Company, Intervenors/Appellants.

Wiener, Weiss & Madison by John M. Madison Jr. , Shreveport, LA, Charles E. Tabor , for Appellees, Prestige Exploration, Inc., Coastal Land Services, Inc. and Matador Resources Company.

Liskow & Lewis by Lawrence P. Simon, Jr. , Lafayette, LA, Robert L. Theriot , Patton Boggs, LLP by D. Patrick Long , for Appellee, Matador Resources Company.

Jones, Walker, Waechter, Poitevent, Carrere & Denegre by Michael B. Donald , Nicole Duarte , for Appellees, Chesapeake Operating, Inc. and Chesapeake Louisiana, LP.

Before STEWART, CARAWAY and MOORE, JJ.

CARAWAY, J.

This case involves a large oil and gas lease affecting 1805.34 acres in the southern part of Caddo Parish. The lessors and lessee entered into an 18-month extension agreement in 2007, months prior to the announcement of the Haynesville Shale discovery. The extension of the 3-year primary term of the lease from 3 years to 4½ years occurred at a time when a large portion of the lease was already developed by production in units for depths above the...

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