Callon Petroleum Company v. Big Chief Drilling Company, Defendant-Third-Party v. William R. Stanley, Defendant-Third-Party

The chief adversaries in this oil well drilling breach of contract controversy are Callón Petroleum Company (Callón), which contracted to have the well drilled, and Big Chief Drilling Company (Big Chief), which agreed to drill it. The respective parties were bound by a written contract but for a time Callón exercised little or no diligence to see that it was receiving what it had *1181contracted for. Through its drilling chief, Big Chief knew very well that it was not drilling where it had contracted to drill.

Callón found an undrilled tract in the North lh of the Northwest Vi, Section 23, Township…