Fairfield Nodal: 14th Court of Appeals rules Fairfield Industries can collect license fee from EP Energy

A contract dispute in Texas’ oil and gas sector over seismic data has been remanded.

The 14th Court of Appeals has overturned a lower court ruling that prevented Fairfield Industries Inc., doing business as FairfieldNodal, from recovering a license fee from EP Energy E&P Co.

Fairfield is a company that collects, processes and licenses seismic data to oil and gas companies.

As part of its dealings with EP Energy, Fairfield signed a master license agreement and several supplement agreements. As part of these contracts, EP agreed to pay a fee in the case the company changed control “for the data licensed under those agree to which the party acquiring control does not already have a license,” the court opinion stated.

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