State v. Davis Oil Co.

*1111URBIGKIT, Justice,

concurring in part and dissenting in part, with whom CAR-DINE, Justice, joins.

I concur with the court’s conclusion that State v. Moncrief, Wyo., 720 P.2d 470 (1986) is determinative of the issues raised in the State appeal requiring reversal, but would also reverse on the Davis Oil appeal involving interpretation of the lease royalty payment pricing provision where product sale occurs at the wellhead.

The two-fold issue presented is whether the word “sold” as used in an oil and gas lease should be given its usual business deal interpretation as established by the Uniform…