Alaska Supreme Court October 28, 2011, S-13839 (Renaissance Alaska, LLC v. Rutter & Wilbanks Corp.)

OPINION

FABE, Justice.

I. INTRODUCTION

Renaissance Resources Alaska, LLC (Renaissance) partnered with Rutter and Wilbanks Corporation (Rutter) to develop an oil field. Acting together, Renaissance and Rutter acquired a lease to the entire working interest and the majority of the net-revenue interest of the field.