Supreme Court of Arkansas March 4, 2004, 03-612 (Chevron U.S.A, Inc. v. Murphy Exploration & Production Co.)

Tom Glaze, Justice.

This appeal arises out of a declaratory judgment action filed by Murphy Exploration & Production Company (“Murphy”) against Chevron U.S.A. Inc. (“Chevron”) in Union County. Between 1969 and 1987, Chevron and its predecessor in interest, Gulf Oil Corporation, operated an oil and gas lease on a 40-acre tract of land located in Union County.