Fain-McGaha Oil Corp. v. Murko Oil & Royalty Co.

RYAN, Commissioner.

On February 18, 1928, Crown Central Petroleum Corporation, owner of a leasehold interest for the exploiting and development for oil and gas in block 20 of Wilson’s Geraldine subdivision, containing 35 acres of land, more or less, in Archer county, assigned an undivided two-thirds interest therein to Fain-McGaha Oil Corporation.

Provisions material to this litigation are as follows:

“As a further consideration, the buyer agrees that it will:

“(a) — Fully comply with all the terms and conditions contained in said original lease, and promptly drill all offset wells.

“(b) —…