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Sitio Permian, LP v. PRP Delaware Basin, LP
The Eighth Court of Appeals dismissed Sitio Permian and Incline Permian II's appeal of a Reeves County judgment involving Delaware Basin assets after appellants failed to pay filing fees despite clerk notice. The dismissal—likely stemming from an M&A or joint venture dispute given the party structure and successor-in-interest designations—illustrates the strict enforcement of Texas's appellate fee requirements even in upstream transactions.
Analysis
El Paso Court of Appeals Issues Precedential Guidance on Indemnification Claim Notice Requirements in Permian Basin M&A Dispute
The El Paso Court of Appeals issued precedential guidance on indemnification claim notice requirements in Sitio Permian's post-closing dispute with PRP Delaware Basin following a private-target acquisition of Permian assets. The opinion addresses whether buyers satisfied contractual notice provisions when asserting breaches of representations and warranties, providing binding authority on indemnification claim procedures in upstream asset purchase agreements.
Eighth Court Dismisses Sitio Permian Appeal Over Delaware Basin Assets for Failure to Pay Filing Fees
The Eighth Court of Appeals dismissed Sitio Permian and Incline Permian II's appeal of a Reeves County judgment involving Delaware Basin assets after appellants failed to pay filing fees despite clerk notice. The dismissal—likely stemming from an M&A or joint venture dispute given the party structure and successor-in-interest designations—illustrates the strict enforcement of Texas's appellate fee requirements even in upstream transactions.