Dabney-Johnston Oil Corp. v. Walden

Plaintiff Dabney-Johnston Oil Corporation brought this action to quiet title to real property in the county of Los Angeles. Plaintiff’s predecessor in the ownership of said land made assignments of oil royalties under which defendants claim a total of 26% per cent of all oil, gas and other hydrocarbon substances produced from said real property by plaintiff. To quiet its title against these claims plaintiff brought the action herein. . The well on the property commenced production after institution of the action herein. Pursuant to stipulation of the parties the court took an accounting of…