Pendley v. Byrom

Opinion

McCLOUD, Chief Justice.

The plaintiffs, C.W. Byrom, Leon C. Thompson, New Mexico Bank & Trust Company, Trustee for W.K. Byrom and Frankie M. Byrom, Jack Sherman and Pat Agnew, sued Paul Pendley seeking to recover out of the production from the By-rom-Everett No. 1 Well in Eastland County one-half of the cost of drilling and operating the well.1 C.W. Byrom was the operator of the well, and the other plaintiffs were nonoperating “investor” working interest owners. In a nonjury trial, the court held for the plaintiffs and awarded them $73,011.98 to be paid out of the proceeds being held in…