Sunac Petroleum Corporation v. Parkes

GREENHILL, Justice.

This case. principally involves the com struction of the provisions of an oil and gas lease dealing with operations, or lack of them, at and after expiration of the primary term, and also the question of whether a new lease was a “renewal or extension” of a former lease so as to perpetuate an overriding royalty interest. The suit was instituted by Frank Parkes to establish that he owned an overriding royalty interest and for a money judgment for royalties alleged to be due. The parties submitted the case to 'the trial court, sitting without a jury, upon an agreed statement…