Humphrey v. Placid Oil Company

SHEEHY, Chief Judge.

This is an action by the plaintiffs, each of whom is a resident and citizen of the-State of Texas, to recover from the defendant, a Delaware corporation, damages in the sum of $25,000 for alleged breach of contract or in the alternative to-recover in quantum meruit the reasonable value of their services which plaintiffs allege is the sum of $25,000, which action grows out of a dry hole contribution letter agreement dated April 8, 1955, executed by the defendant and accepted by the plaintiffs’ assignors.

The pertinent facts are found to be as-, hereinafter stated.

In the…