Cockburn v. Stanton

GRISSOM, Justice.

Stanton sued Cockburn and Smythe to recover a %a interest in an oil and gas lease, etc. Stanton alleged, in substance, that he, Cockburn, and Smythe associated themselves for the purpose of obtaining an interest in an oil and gas leasé and procuring a drilling contract to develop the lease. It was alleged that said parties agreed upon an equal division of profits derived from their joint efforts directed toward such end. They contacted Martin, who owned an oil and gas lease on about 40 acres of land, subject to a debt of $150,000 “to be paid out of ½ of ⅞ of all oil and gas…