Myers v. Gulf Coast Minerals Management Corp.

361 S.W.2d 193 (1962)

Jimmy B. MYERS, Petitioner,

v.

GULF COAST MINERALS MANAGEMENT CORPORATION, Respondent.

No. A-8994.

Supreme Court of Texas.

October 3, 1962.

Rehearing Denied October 24, 1962.

Nye, Cohn & Morris, Corpus Christi, for petitioner.

King, Anderson & Porter, Corpus Christi, for respondent.

SMITH, Justice.

In September, 1960 Myers and Gulf Coast entered into a contract, commonly referred to as a farmout agreement or letter agreement. Myers alleged, in this suit, that on September 28, 1960, he offered Gulf Coast certain rights, title, and interest in and to a certain oil and gas leasehold…