Davis v. Manziel

DAVIS, Justice.

Humble Oil and Refining Company owned a lease upon 1,261.15 acres of land in Marion County which it acquired from the Whe-lan heirs. The lease was dated December 10, 1945. On December 7, 1955, Humble executed a farm-out agreement to convey the lease to Bobby Manziel, less an override. On December 15, 1955 Manziel made a trade with Edward Mike Davis to convey to him an interest in a well, or the lease. A producing well was found on the lease by Manziel in January or the early part of February, 1956. The actual assignment of the lease was not made by Humble until February 20,…