Domestic & Foreign Petroleum Co. v. Long

Plaintiff Domestic and Foreign Petroleum Co., Ltd., appeals from a judgment for defendants in this action for declaratory relief. Said plaintiff is the assignee of an oil and gas lease covering property in Los Angeles County, and is now producing oil from a well on the premises. Its predecessors in the ownership of the leasehold estate assigned percentages of the oil and gas to be produced during the lease without procuring a permit to make such assignments from the commissioner of corporations. The plaintiff was not a party to these transfers, but acquired the leasehold some time after they…