Spiers v. Magnolia Petroleum Co.

On November 26, 1947, Magnolia Petroleum Company and Gulf Oil Corporation filed their joint petition with the Corporation Commission of Oklahoma, in Commission’s cause No. C. C. 1612, wherein they prayed that the Commission make the necessary findings and enter an order creating the Chitwood Spiers Sand Unit, defining the unit area of said unit and prescribing the plan of unitization applicable thereto, upon such terms and conditions as may be fair, reasonable and equitable and which are necessary or proper to protect, safeguard and adjust the respective rights and obligations of the several…