Legal Opinion
Magnolia Petroleum Co. v. Oklahoma Tax Commission
Supreme Court of Oklahoma
Decided May 13, 1958No. 37644PublishedCited by 12 opinions
1Opinion of the Court
JOHNSON, Justice.
The case was tried on a stipulation of facts which shows that on February 16, 1948, Magnolia Petroleum Company (hereafter referred to as Magnolia) under a written contract sold all of its joint interest in certain Osage Indian productive oil and gas leases and properties to Kewanee Oil Company (hereafter referred to as Kewanee) for a total lump sum consideration of Two Million Dollars. Kew-anee’s “prime purpose in acquiring the leasehold estate from Magnolia was to produce and further develop oil and gas reserves and not f;o salvage property located thereon.” The last…
2Cases cited8 opinions
- Magnolia Pipe Line Co. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1946
- Market Street Railway Co. v. Calalifornia State Board of EqualizationCalifornia Court of Appeal · 1955
- Geneva Steel Co. v. State Tax CommissionUtah Supreme Court · 1949
- Ford v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1955
- State of Georgia v. DysonCourt of Appeals of Georgia · 1954
3 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Blitz U.S.A., Inc. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 2003
- Babb v. State Ex Rel. Oklahoma Tax Commission (In Re Rhea)United States Bankruptcy Court, W.D. Oklahoma · 1982
- Phillips Petroleum Co. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1975
- People v. One 1958 ChevroletCalifornia Court of Appeal · 1960
- Waterford Energy, Inc. v. Oklahoma Tax CommissionCourt of Civil Appeals of Oklahoma · 1992
7 more not listed; retrieve them via the Exa API.