Donnelly v. Guthrie

RIVES, Circuit Judge.

Appellant, Donnelly, sued appellee, Guthrie, for an accounting of a joint adventure in the negotiation for, obtaining, and later selling two certain oil and gas leases covering approximately 21,000 acres of land in the Wallace Ranch in Kent County, Texas.

The leases for a - primary term of ten years were secured by Donnelly and Guthrie in 1944 and immediately sold to Union Oil Company of California and the net profits divided. In 1946, without Donnelly’s knowledge, Guthrie obtained a reassignment from Union of the leases insofar as they covered approximately 11,000 acres…