Standard Ins. Co. v. McKee

GRISSOM, Chief Justice.

I. R. McKee was employed by the Valley Osage Oil Company to drill its well No. 8 in Shackelford County under a contract partly written and partly oral. The written portion is shown by a letter, from McKee to the oil company, the material portions of which are as follows: ,

“This is to outline Mr. Branscum and my. agreement for me to drill a well on your Alexander lease in Shackelford County, Texas.

“I am to drill a well on your lease to the depth of 900 feet, unless oil or gas is encountered at a lesser depth for the price of $2.25 per foot, and $40.00 per 8-hour tour for…