Saulsbury Oil Co. v. Phillips Petroleum Co.
Court of Appeals for the Tenth Circuit
1Opinion of the Court
PHILLIPS, Circuit Judge.
On September 5, 1933, Saulsbury Oil Company 1 was the owner of oil and gas leases on five tracts of land situated in Gray County, Texas. On that date, Saulsbury entered into a contract with Phillips Petroleum Company, 2 whereby Saulsbury agreed to drill six wells on the tracts covered by such leases and Phillips agreed to furnish the drilling rigs and equipment with which to drill and complete such wells and to advance to Saulsbury $2,500 upon the completion of each well. Out of three-fourths of the seven-eighths working interest, Saulsbury agreed to pay Phillips for…
2Cases cited42 opinions
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- United Rs. & Elec. Co. of Baltimore v. WestSupreme Court of the United States · 1930
- Willard, Sutherland & Co. v. United StatesSupreme Court of the United States · 1923
- Strange v. HicksSupreme Court of Oklahoma · 1920
- Oklahoma Natural Gas Co. v. Corporation CommissionSupreme Court of Oklahoma · 1923
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3Cited by29 opinions
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- Cade v. United StatesCourt of Appeals for the Fourth Circuit · 1954
- Adams v. AlbanyDistrict Court, S.D. California · 1948
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