Pay Rock Oil, Inc. v. Riley

The opinion of the court was delivered by

Price, J.:

The question here concerns the propriety of an order appointing a receiver to operate, manage and develop an oil and gas lease.

Briefly stated, circumstances and events leading up to the appointment were as follow:

In 1945 Pay Rock Oil, Inc., was the owner of an oil and gas lease on property in Greenwood County. Later, fractional interests in the lease were assigned to various parties, including seventeen nonresident appellees herein. The assignments provided that Pay Rock retained operational rights and that it was to operate the lease. A…