General American Oil Co. of Texas v. Superior Oil Co.

FORET, Judge.

General American Oil Company of Texas (Plaintiff) brought this action to recover sums allegedly owed it by defendant, the Superior Oil Company, under the terms of certain contracts entered into by them for the purpose of adjusting, between themselves, the cost of drilling an oilwell.

The trial court, after trial, rendered judgment in favor of plaintiff and against defendant, holding defendant liable to plaintiff in the amount of $334,891.54, which includes interest of $44,068.00, together with interest on the sum of $290,823.54 at the rate of 6% per annum from July 11, 1978, until…