{"id":1219,"date":"2014-06-02T15:51:03","date_gmt":"2014-06-02T20:51:03","guid":{"rendered":"https:\/\/thekimlawfirm.com\/?p=1219"},"modified":"2015-04-02T18:16:17","modified_gmt":"2015-04-02T23:16:17","slug":"kim-law-firm-wins-court-judgment-worth-20-million-houstons-cathlind-energy-oil-gas-lease-dispute","status":"publish","type":"post","link":"https:\/\/thekimlawfirm.com\/press-releases\/kim-law-firm-wins-court-judgment-worth-20-million-houstons-cathlind-energy-oil-gas-lease-dispute\/","title":{"rendered":"Kim Law Firm Wins Court Judgment Worth $20 Million for Houston\u2019s Cathlind Energy in Oil and Gas Lease Dispute"},"content":{"rendered":"

MIDLAND, Texas \u2013 Houston lawyer John Kim<\/a> has won a multimillion-dollar jury verdict for Houston-based oil exploration company Cathlind Energy Ltd. in a hotly contested dispute with Midland-based Great Western Drilling Ltd. over an oil and gas lease near Lubbock. The award is expected to climb to as much as $20 million based on future profits from the lease.<\/p>\n

A jury in Judge George D. \u201cJody\u201d Gilles\u2019 142nd<\/sup> District Court in Midland County awarded $4 million in damages and attorneys\u2019 fees to Cathlind in a verdict issued last December. Judge Gilles entered a judgment in the case in May, which also granted Cathlind a 25 percent interest in future profits from the contested lease. An expert has calculated total future profits at roughly $16 million.<\/p>\n

Jurors who heard the case found that Cathlind\u2019s predecessor, Pathfinder Oil and Gas Inc., had a valid contract with Great Western. That contract promised that Pathfinder (now Cathlind) would receive<\/p>\n

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25 percent of the profits from an oil and gas lease in Hockley County near Lubbock.<\/p>\n

Great Western filed the original lawsuit in 2005, asking the court to declare that Cathlind\u2019s predecessor had no valid contract or, if a contract existed, that it had been breached. Instead, the jury found there was a valid 2004 contract and that Great Western had breached the agreement by refusing to accept its partner\u2019s share of the costs for developing the lease and failing to share the proceeds.<\/p>\n

\u201cThis is an especially sweet victory for my client because they were sued in Midland by a local company that wanted a local court to find that nothing was owed. We countersued and showed the jury that there was a valid contract and it was actually my client who had wrongly been shut out,\u201d says Mr. Kim, founder of The Kim Law Firm<\/a> and lead lawyer for Cathlind. He tried the case along with fellow firm attorney Denise H. Kim<\/a> and Pete Patterson of Houston\u2019s Patterson P.C.<\/p>\n

The case is Great Western Drilling Ltd. v. Pathfinder Oil and Gas Inc.<\/i>, No. 2005-45031.<\/p>\n

The Kim Law Firm<\/a> has recovered more than a half billion dollars for clients through aggressive litigation and also has successfully defended clients against takings of at least a half billion dollars. The firm represents entrepreneurs, business start-ups, mid-sized companies, and established national and international corporations in everything from contract and complex business disputes to insider trading allegations, trade secrets and other intellectual property disputes.<\/p>\n","protected":false},"excerpt":{"rendered":"

MIDLAND, Texas \u2013 Houston lawyer John Kim has won a multimillion-dollar jury verdict for Houston-based oil exploration company Cathlind Energy Ltd. in a hotly contested dispute with Midland-based Great Western Drilling Ltd. over an oil and gas lease near Lubbock. The award is expected to climb to as much as $20 million based on future profits from the lease. A Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[38,42,41,34,32,60,59,47,45,51,39,58,57],"yoast_head":"\nKim Law Firm Wins Court Judgment Worth $20 Million for Houston\u2019s Cathlind Energy in Oil and Gas Lease Dispute - The Kim Law Firm<\/title>\n<meta name=\"description\" content=\"Kim Law Firm Wins Court Judgment Worth $20 Million for Houston\u2019s Cathlind Energy in Oil and Gas Lease Dispute\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thekimlawfirm.com\/press-releases\/kim-law-firm-wins-court-judgment-worth-20-million-houstons-cathlind-energy-oil-gas-lease-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kim Law Firm Wins Court Judgment Worth $20 Million for Houston\u2019s Cathlind Energy in Oil and Gas Lease Dispute - 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