Welch v. Pauline Oil & Gas Co.

This cause 'grew out of a contract for the sale of oil produced from a lease in Stephens county, Okla., in which A. L. Welch, the plaintiff, and others owned seven-sixteenths of the production. On the 3rd day of March, 1924, the plaintiff and his associates entered into a written contract with the Pauline Oil & Gas Company, defendant, to sell the oil at the posted price of the Prairie Oil & Gas Company plus a premium of 25 cents per barrel. At the same time a division order was executed and delivered to the defendant, the company made a deposit with the plaintiff in the sum of $5,006 to…