Triton Oil & Gas Corp. v. Marine Contractors and Supply, Inc.

McGEE, Justice.

This suit involved a counterclaim for usury in which the trial court overruled the debtor’s motion to include usury penalties in the judgment rendered against the creditor. The court of appeals reversed that part of the judgment overruling the debt- or’s motion and rendered judgment in favor of the debtor for twice the amount of usuri-: ous interest charged. We affirm the judgment of the court of appeals.

Triton Oil & Gas Corporation entered into a letter agreement with Marine Contractors & Supply, Inc., whereby Triton agreed to drill, complete, equip, and maintain a well for…