Replies to post #11873 on Mesa Offshore Trust (fka MOSH)

[Steady_T]

Someone please explain to me why Woodside is more than a bystander in this situation.

I understand that they have a contract from Pioneer to drill a well on behalf of the Trust.

I also understand that it is thought that Woodside failed to check into the legality of the farmout from Pioner and that is what makes them liable in this situation.

Is that is the current thinking?

I guess I don't understand why people think that Woodside would have to check further than to find out that Pioneer is the legal general partner for the trust and is empowered to make decisions subject to the trustee's approval.

Woodside has no access to the agreements between the trust and the general partner nor to the details of that relationship.

There must be something here that I am missing.

I do understand that when you file a lawsuit, you file it against anyone and everyone remotely connected, that allows you to do dicovery in all of the nooks and cranny's. So I can understand why they are being sued. I just don't undrstand why people think that they have much if any liability.