Teel v. Public Service Co. of Oklahoma Book Reviews

Teel v. Public Service Co. of Oklahoma by In the Superior Court of Pennsylvania Book Summary

1 The questions presented are: whether Transok Pipeline Company and Public Service of Oklahoma (appellees/purchasers), must account for the fair market value of gas produced on leases in which Roy M. Teel, appellant, owned a working interest, and if so, the market value of the gas; whether the purchasers converted Teels gas; whether the purchasers were unjustly enriched by investment of the gas proceeds; whether the purchasers must account for interest; whether this appeal was properly and timely brought; and whether the right to appeal was waived by acceptance of funds held in suspense by the purchasers. We find the appeal was properly and timely brought, and that limited to the facts presented here a pipeline purchaser who buys gas from a cotenant/operator is a converter after notice is received that the other cotenant has revoked the operators right to dispose of the gas. However, because Teel will receive interest under the conversion statute, we do not find that the purchasers were unjustly enriched.

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Teel v. Public Service Co. of Oklahoma (In the Superior Court of Pennsylvania) Book Reviews 2024

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