Superior Oil Co. v. Cox

CULPEPPER, Judge.

Plaintiff-appellee, Superior Oil Company, and third party plaintiffs-appellees, Midwest Oil Corporation and Belco Petroleum Corporation, claim an interest in certain leasehold rights under a joint operating agreement. They contend the defendants, Edwin L. Cox and his assigns, received these lease interests as an “acreage contribution” to the cost of drilling a well, and are required by a “Cash Or Acreage Contributions” clause to share these interests with the other parties to the operating agreement. From an adverse judgment, the defendants appealed. Plaintiffs answered the…