Oldland v. Gray

MURRAH, Circuit Judge.

The appellants, referred to in the record and briefs as the Oldland Group, brought this suit in a Colorado State Court against the appellees, to establish their overriding royalty interest in an oil and gas lease owned and operated by the appellee Phillips Petroleum Company, by assignment from appellees Gray and Levison, who obtained it by quitclaim deed from appellee McLaughlin; and to impress a trust upon such royalty interest in the hands of Phillips.

In brief, the appellants claim that in 1926, they assigned their original prospecting permit on 1760 acres of public…