L & M Oil Co. v. Richey

DICKENSON, Justice.

The issue to be decided is whether the District Judge abused his discretion by rejecting the receiver’s report and ordering the receiver to convey an oil and gas lease to the highest bidder who had complied with the terms of sale advertised by the receiver.

L & M Oil Company, plaintiff, owner of an undivided interest in the lease, sued O. F. Darling and other defendants, owners of the other undivided working interests in the lease, seeking a receivership sale under Tex. R.Civ.P. 770 and a partition of the proceeds of sale. The District Judge appointed a receiver on June 23,…