Don Johnston Drilling Co. v. Howard

WILLIAMS, Vice Chief Justice.

This is an appeal from two judgments rendered on actions on notes, which actions, by stipulation, were consolidated for trial and appeal, with separate judgments to be rendered in each action. The fact situation in each case was identical except as to the amount involved. The parties will be referred to as they appeared in the trial court.

The Kingwood Oil Company, hereinafter referred to as Kingwood, was engaged in a general oil business, and in that connection it owned and operated three rotary drilling rigs. In March, 1950, King-wood organized The Don Johnston…