Shanks v. Exxon Corp.

IzWHIPPLE, Judge.

This case is before us on appeal from a judgment of the trial court which dismissed, with prejudice, plaintiffs’ claims against TXP Operating Company (“TXP”) for a declaration that TXP was liable for well costs incurred prior to the release by TXP of mineral leases affecting plaintiffs’ land and for a monetary judgment for the amount of well costs paid by plaintiffs out of unit production. For the following reasons, we affirm.

BACKGROUND FACTS

The facts of this case are not in dispute. Plaintiffs, Myrtie J. Shanks, James R. Peabody, F.S. Ambrose and Haney E. Ambrose, Jr., (or…