Beadle v. Daniels

According to the undisputed evidence and party stipulations in this case, the plaintiff and other interest holders owned working participating interests in an oil and gas lease covering lands in Weston County, Wyoming, and known as the Cotton lease. The interests were sold by Progressive Drilling Company, a corporation, under separate but identical contracts called Contract for Conveyance of Interest in Oil and Gas Lease, and for Operation and Development Thereof. Said corporation was designated in each contract as the operator, and the interest purchaser was referred to as nonoperator. In…