Herron-Robbins v. Allen

This appeal is from a judgment denying appellants a recovery upon a subscription contract made by the ap-pellee to give $500 for sinking a test well for oil; the obligation sued upon being as follows: “Electra, Texas, 4-21-1911. This is to certify that I, R. S. Allen, agrees and binds himself to contribute $500.00 to I-Ier-ron-Robbins and associates for the purpose of drilling a test well to a depth of 2,000 feet unless oil or gas is found at a less depth in paying quantities; said well to be drilled on the Richard Mead, known as the W. B. Honaker land, said above-mentioned amount not to be…