Latigo Oil & Gas v. Bp America Production Co.

Summary

The Oklahoma Supreme Court reviewed Latigo Oil & Gas’s request for a preliminary injunction to stop BP America’s sale of mineral interests subject to a preferential purchase right. The Court held that the trial court did not abuse its discretion in granting the injunction and affirmed that decision, remanding for further proceedings. It noted the lack of controlling precedent on whether a good‑faith allocation of value is required in a package‑deal sale, treating that issue as dicta.