Texas Court Reverses Ruling On Oil Cos.' Covenant
The territorial covenant not to compete between Bandera Drilling Co. and Sledge Drilling Corp. — now owned by Basic Energy Services Inc. — is not valid, Judge Rick Strange of Texas' Eleventh Court of Appeals said in an opinion Thursday. The decision reverses and remands the trial court's ruling.
Bandera sold Sledge $34 million in...
To view the full article, register now.