Stewman Ranch, Inc. v. Double M. Ranch, Ltd.

OPINION

JIM R. WRIGHT, Chief Justice.

The interpretation of the parties’ intent in a royalty reservation is at the center of this appeal. The reservation appears in a warranty deed from Stewman Ranch, Inc.; O.T. Stewman; and Helen Stewman (the Stewmans) to Double M. Ranch, Ltd. By summary judgment, the trial court held that the Stewmans reserved one-half of the royalty interests owned by the Stewmans at the time of the conveyance rather than one-half of the total royalty. Because we find that the trial court correctly interpreted the warranty deed, we affirm.

The Stewmans conveyed approximately…