Ketch v. Su-Ni Oil & Royalty Co.

JOHNSON, Chief Justice.

On or about June 1, 1931, Lawrence B. Ketch owned the seven-eighths oil and gas leasehold interest in 1.55 acres of land in -Smith county, one-fourth of which leasehold was subject to what is termed an oil payment to the amount of $10,000 due one I. Rudman out of the first oil runs. On or about said date, Lawrence B. Ketch conveyed to Stanley Lewis a one-eighth interest in said seven-eighths leasehold, and conveyed to Robert H. Breeden a one-eighth interest in said seven-eighths leasehold, in consideration of commissions due said Lewis and Breeden for locating a party…