Lazy M Ranch, Ltd. v. TXI OPERATIONS, LP

POWERS, Justice.

TXI Operations, LP (“TXI”) sued Lazy M Ranch, Ltd. (“Lazy M”) for specific performance of a contract giving TXI an option to lease land for mining. 1 The trial court granted TXI’s motion for summary judgment, awarding TXI specific performance of the option provision. Lazy M appeals the trial-court order. We will reverse the summary-judgment order and remand the cause to the trial court.

THE CONTROVERSY

TXI wished to explore a portion of the Lazy M land for sand, gravel, and other construction materials and to obtain an option right to mine the materials if prospects proved…