W. A. Moncrief, Jr. v. Martin Oil Service, Inc., a Corporation

WILLIAM E. DOYLE, Circuit Judge.

This is an action seeking a construction of a written farmout agreement 1 between the plaintiff-appellee herein, W. A. Moncrief, Jr., and Martin Oil Services, Inc., the defendant-appellant. Martin owns certain oil and gas leases which are subject to a farm-out agreement with appellee. Moncrief drilled the wells with which we are here concerned under the farmout agreement in order to earn certain interests in the subject oil and gas leases. Plaintiff-appellee maintains that he has drilled the wells in compliance with the farmout agreement and that the drilling…