Polly Fohn (left) for American Midstream and R. Alan York for Rainbow Energy Marketing discuss a contract dispute before the Texas Supreme Court.Contract Law: Market Inefficiency Bedevils Energy Companies
A natural gas pipeline owner alleges lower courts erred by adding language in a contract to the trader's benefit, and seeks reversal at the Texas Supreme Court.
January 16, 2025 at 05:06 PM
4 minute read
What You Need to Know
- A national natural gas company is asking the Texas Supreme Court to reverse a judgment exceeding $6.1 million.
- The petitioner argues the trial court erred by inserting language the changed the meaning of a contract.
- The respondent, a gas trading company, claims the petitioner created the problem of which it complains.
American Midstream LLC, arguing before the Texas Supreme Court, alleges the lower trial and appellate courts wrongfully created an expansive exception that upsets well-settled contract doctrines.
American Midstream, or AMID, is a subsidiary of Third Coast Midstream, which owns interstate and intrastate pipelines, gas processing plants and other energy producing facilities throughout the United States and offshore in the Gulf of Mexico.
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