Rice Bros. Mineral Corp. v. Talbott

GUDGEL, Judge:

This is an appeal from a summary judgment entered by the Leslie Circuit Court in an action involving an alleged failure to pay the amount due the holder of an oil and gas royalty. Appellant, the holder of a one-eighth overriding royalty interest, contends that appellee, as the owner of the working interest in the producing well, did not have authority to enter, over its objection, a voluntary pooling agreement respecting that well or to decrease the amount of its overriding royalty payments from 12.5% to 7.5% of production. We disagree. Hence, we affirm.

On July 25, 1978, Ross…