Successful Appeal in Seminal Oil and Gas Dispute

Representing an oil and gas exploration and development company, Bowles Rice successfully won an appeal before the Fourth Circuit Court of Appeals.  The reported decision represents the seminal case regarding due diligence with the acquisitions of oil and gas rights in West Virginia and what it means to be a bona fide purchaser in good faith.  Significant property rights were at stake in one of the largest shale deposits in North America.