Slaughter v. Cities Service Oil Co.

COUNTISS, Justice.

This suit to cancel an oil and gas lease requires us to decide whether unconditional cancellation without a development option is an appropriate remedy when the implied covenant of reasonable development is breached. We conclude that it is not, and affirm the judgment of the trial court.

Appellants Don W. Slaughter, individually and as Trustee, George M. Slaughter, III, Tom V. Slaughter, Joe W. Roberts, Trustee, Richard L. Slaughter, Sallie Slaughter Lilly, Don Scott Slaughter, Malcolm G. Stewart and Catherine Graeme Stewart are the successors in interest of the original…