Facts

On March 31, 2020, Geo Guidance Drilling Services, Inc., a California corporation that provides full-service directional drilling services within the petroleum, industry, filed suit against Renaissance Resources LLC, a Wyoming limited liability company.

PLAINTIFF'S CONTENTIONS: The plaintiff contended that it was retained by a third party to provide services for an upcoming drilling project in Colorado; that, based on advertisements the defendant had directed at the plaintiff, the plaintiff contracted with the defendant to provide substantially knowledgeable, skilled, and experienced measuring while drilling (MWD) engineers and operators to perform MWD services for the project; that the agreement provided the defendant would fully provide and manage its engineers and maintain liability insurance; that the defendant represented it was assigning such engineers to the project; and that, in reality, the defendant assigned three engineers that lacked the necessary skill, experience, and qualifications for the Colorado project. The plaintiff contended that the project was drilled over 1000 feet off course because of the defendant's engineers; that it had incurred expenses of over $1 million stemming from the defendant's actions. The plaintiff contended the defendant was liable for negligent misrepresentation; intentional misrepresentation; breach of fiduciary duty; negligence; and breach of oral contract.

DEFENDANT'S CONTENTIONS: The defendant denied any wrongdoing or liability and all the plaintiff's material allegations.

Result

The parties reached a settlement agreement, and a consent judgment in the amount of $698,956.92 was entered in favor of the plaintiff.