OTC Petroleum Corp. v. Brock Exploration Corp.

REYNOLDS, Chief Justice.

Does a general assignment of all rights, title and interest in an oil and gas lease, including the assignment of all contractual rights attributable or incident thereto without qualification, also convey the accrued personalty rights in and derived from contracts included in the assignment? Answering affirmatively, and thereby disagreeing with the trial court’s determination that a previously accrued, but unpaid, monetary claim based on one of the contracts assigned was personalty separate from the assigned contract, we will reverse the judgment of the trial court and…