Koplin v. Kelrick

PALMORE, Judge.

In 1953 the appellant, Harry Koplin, assigned to the appellees, George Kelrick and other members of the Kelrick family, undivided working interests in a group of oil and gas leases in Lee County, Kentucky, *205called the Cable Project. Under the terms of the assignments Koplin and one Edward Gimbel were designated as operators of the project with power to market the oil and gas produced, collect the proceeds, deduct the expenses of production and sale, and pay over to the assignees their pro rata shares of the balance.

This suit was brought by the Kelricks against Koplin in April of…