Mitchell Drilling Co. v. Robert L. Kinkaid, Inc.

WELCH, V. C. J.

Certain persons not interested herein owned three oil and gas leases on separate tracts of land. One of them is referred to as the Atkins lease. The owners contracted with Mitchell Drilling Company, a copartnership, defendants in the lower court, and herein designated as such, to drill wells on the several tracts. Said Mitchell Company to receive certain cash payments and certain further payments out of 15 per cent, of the oil produced. The wells were drilled as producers, after which suit was instituted in the district court of Hughes county to foreclose numerous statutory…