Price v. Atlantic Refining Company

OPINION

COMPTON, Justice.

This is' the second appeal of this case. Price v. Johnson, 78 N.M. 123, 428 P.2d 978. The controversy here centers around a reservation of a royalty interest in a warranty deed from T. L. Price and Gladys Louise Price, his wife, plaintiffs’ predecessors in title, to C. J. Beach. The granting clause of the deed conveyed “an undivided one-half interest in the following described land.” The description of the land followed. The reservation in the deed reads: “Grantor [s] hereby retain unto themselves an undivided one-half of all royalty in and to the above described land.”