Tower Production Co. v. Jones

VAUGHT, District Judge.

A brief review of the facts is necessary to a clear understanding of this opinion. Commercial oil and gas leases were owned by C. S. Davis and others, hereinafter referred to as “Davis and associates.” On September 23, 1932, Davis, for himself and certain of his associates, entered into an agreement in writing with Ben H. Wofford whereby certain interests in said leases were to be assigned to Wofford in return for his drilling certain wells thereon. At that time Wofford was president and owned practically all of the stock of Wofford Drilling Company, an Oklahoma…