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Home / Opinion Digests / Contract governed by plain meaning of term ‘spud’ (access required)

Contract governed by plain meaning of term ‘spud’ (access required)

Where a contract required that the plaintiff spud wells on defendant’s property but did not define the term “spud,” the contract was interpreted as requiring only the drilling of the wells, not their production, consistent with the plain meaning of the term. Background On Nov. 7, 2008, defendant Pine Resources Inc. sold its mineral rights in 565 ...