An Overview of the Standard Measure of Damages Arising from Claims Associated with an Oil and Gas Lease

McGinnis Lochridge
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This Article examines legal damages in the oil and gas industry. More specifically, this Article identifies the rules for measuring common legal damages in oil and gas cases. Further, this Article seeks to identify all potential forms of relief available for every common cause of action in the oil and gas industry but primarily examines damages available in the context of the lessee/lessor relationship. Generally, legal damages seek to compensate a wronged party for the injury it suffered at the hands of a wrongdoer. With the exception of punitive damages, legal damages seek to place the wronged party, as nearly as possible, in the position that the wronged party would have been if not wronged by the wrongdoer.

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McGinnis Lochridge
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