Gulf Pipe Line Co. v. Nearen

Mr. Judge Slatton

delivered the opinion of the Commission of Appeals, Section B.

Defendants in error executed a division order to the Gulf Pipe Line Company containing the following provisions:

“First — The oil run in pursuance of this division order shall become the property of the Gulf Pipe Line Company as soon as the same is received into its pipe lines.

“Second — The oil received in pursuance of this division order shall be paid for to the party or parties entitled thereto, ac*53cording to the division of interest shown above, at the price for each day’s receips posted on that day by the Gulf…