Holly Energy, Inc. v. Patrick

The opinion of the court was delivered by

Holmes, J.:

Holly Energy, Inc., (hereinafter Holly) appeals from an adverse judgment in an action involving the construction and interpretation to be given an oil and gas lease farmout agreement between Holly and the defendant R. J. Patrick d/b/a R. J. Patrick Operating Co. (hereinafter Patrick). The farmout agreement involves two quarter sections of land in Comanche County. Appellees are three investors who purchased working interests from Patrick in oil and gas leases on the two properties. The appellee Continental Illinois National Bank & Trust…