Magnolia Petroleum Co. v. New Process Production Co.

On and prior to March 8» 1934» New Process Production Company owned a valid oil, gas, and mineral lease on a long, narrow strip of land consisting of 8.61 acres in Gregg County, Texas, on which it had five producing oil wells. Magnolia Petroleum Company owned a valid oil, gas, and mineral lease on a 30 acre tract abutting the 8.61 acre tract on the north, and General Crude Oil Company and Sun Oil Company owned a valid oil, gas, and mineral lease on a 50 acre tract of land abutting the 8.61 acre tract on the south. We understand that both the 30 and the 50 acre tracts have producing oil wells…