True Oil Co. v. Sinclair Oil Corp.

URBIGKIT, Justice.

We consider an appeal and cross-appeal from the trial court determination of rights, interests, and obligations arising from an agreement to drill an expensive and unsuccessful exploratory wildcat oil well in the northern overthrust belt of western Wyoming.

The agreement, initially orally and later reduced to writing, was negotiated between the two individuals — H.A. (Dave) True, Jr. for True Oil Company (True Oil), appellant/cross-appellee, plaintiff below, and Robert Earl Holding for Sinclair Oil Corporation (Sinclair Oil), appellee/cross-appel-lant, defendant below. In the…