Energy outfit seeks oil in Mohave County

TUCSON — A Denver-based energy company is suing for the right to mine up to 1.2 million acres in northwestern Arizona for oil, gas and other hydrocarbons.

The case involves Mohave County land owned by Santa Fe Pacific Railroad Co. It signed a lease with Santa Fe Energy Co. in 1987 that allowed the energy outfit to drill for oil and ask for an extension once the lease expired.

But several mergers and transactions have occurred by the time the 20-year deal expired. Now the new energy company, Prize Energy Holdings, is staking its claim to the old lease.

In its seven-page complaint, Prize accuses the railroad of reneging on the lease even though it filed all the right paperwork. It also accuses the railroad of trying to sell the leased land to the U.S. Bureau of Land Management in 2004 and Arizona Acreage LLC in 2005.

The company is asking a federal judge in Tucson to honor the lease and order the railroad to pay all costs and attorney’s fees.

Phoenix lawyer Jennifer Dioguardi and Denver lawyer James Kilroy, both of Snell & Wilmer, are representing Prize Energy Resources.

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