Reagan v. Union Oil Co. of California

This case comes on appeal from an order granting plaintiff’s motion for partial summary judgment on September 14, 1982, by the District Court of the Second Judicial District, Silver Bow County. We vacate the order of the District Court.

Pursuant to a 1944 agreement, Reagan’s predecessor in interest and his associates (Reagan Associates) owned a twenty percent “net proceeds” interest in profits derived from production obtained from certain oil and gas leases on the Blackfoot Indian Reservation. The twenty percent “net proceeds” interest was to be paid by Union Oil. Pursuant to an agreement…