Clearfield Development Corp. v. Devonian Gas & Oil Co.

Opinion by

Mr. Justice Arnold,

In this action of assumpsit founded upon written contracts, defendant appeals from judgment entered for plaintiff upon the pleadings.

Prior to entering into these contracts, defendant had leased from the Commonwealth certain lands for production of oil and gas. In compliance with a requirement of the lease, defendant had filed bond for performance and also had deposited with the bonding company as collateral the sum of $25,000.

Defendant had commenced drilling operations when it entered into the contracts with plaintiff. They recited that defendant was the “owner” 1…